Sentences with phrase «euro bailout»
The phrase "euro bailout" refers to financial support provided by the European Union to help struggling countries in the eurozone. It involves giving money to nations that are facing economic difficulties or on the verge of bankruptcy to stabilize their economies and prevent widespread financial crisis within the eurozone. Full definition
This political issue refers to the ending of the 86 billion euro bailout program in the summer.
cnbc.com
Athens, facing a second bailout review entailing an unpopular loosening of labour laws in the autumn, is keen to show that painful tax rises and pension cuts as part of its 86 - billion - euro bailout deal last year will bear fruit.
The ailing nation is the first non-European to give to the fund's euro bailout effort with a $ 60 bln commitment.
Ryan Miller, market analyst at Western Union Business Solutions, adds: «With similarly bloated financial sectors showing signs of stress in countries like Slovenia, Malta and Luxembourg, the message is clear: Future euro bailouts will have more - costly strings attached.»
At the same time, when Greek premier George Papandreou announced he wanted a referendum on the # 130bn euro bailout package for his country, his fellow EU leaders tried to force Greece not to have one.
In his first interview since resigning earlier this month, former Greek finance minister Yanis Varoufakis has described the 86 billion euro bailout deal agreed to by prime minister Alexis Tsipras as «a new Versailles Treaty».
The protest strike was called by the main public and private sector unions a day before parliament was due to vote on reforms that would unlock the next tranche of funds from an 86 - billion - euro bailout.
The European Commission is insisting that a bailout of Banca Popolare di Vicenza and Veneto Banca require 1 billion euros of funds from private investors before a allowing a 6.4 billion euro bailout, Reuters reported.
David Cameron had come under pressure in Europe to assist with Greece's next 12 billion euro bailout, in a bid to prevent the country defaulting on its loan payments.
I won't take lectures on negotiations from the people who gave away the veto, who gave away the rebate, who backed out on the budget every year and who even signed us up to euro bailouts.