Sentences with phrase «international bailout»
An international bailout is when multiple countries join together to provide financial assistance to a country facing severe economic problems or a financial crisis. They help by lending money or offering support so that the troubled country can stabilize its economy and manage its debts. Full definition
International lenders have set aside up to 25 billion euros for the recapitalization of banks under terms of Greece's third international bailout, worth up to 86 billion euros.
businessinsider.com
Banking sector crises and collapses and several international bailouts later, and Europe is on the road to recovery.
Papademos, a former vice president of the European Central Bank, was appointed prime minister in November and spent five months pushing through harsh austerity measures in order to secure a vital international bailout and a major debt relief deal with banks.
The 56 - year - old Varoufakis was Prime Minister Alexis Tsipras» outspoken finance minister for six months in 2015, but split from the party when Greece signed up to its third successive international bailout.
Greece must form a government after this weekend's vote, Conservative leader Antonis Samaras said Wednesday, insisting that Greece remain in the eurozone and try to amend the country's international bailout deal to stimulate its moribund economy.
Investors have long acknowledged the possibility of a Greek withdrawal from the 17 - nation euro currency union as the country struggles to meet harsh austerity targets that are a condition of getting international bailout money.
Being at war with a nuclear - endowed superpower is an expensive business, and Ukraine's economy is crippled even after an international bailout worth $ 17 billion.
The country emerged from the international bailout program in 2013.
Asked about Greece — a special case because of the political uncertainties there and because the country continues to labor under an international bailout program overseen in part by the European Central Bank — Mr. Draghi said that the bank could buy Greek bonds.
Hungary's bonds and stocks rallied after the government sold the planned amount of debt at an auction on optimism Prime Minister Viktor Orban will be able to restart talks on an international bailout.
After more than two years of financial crisis, international bailouts, a huge debt writedown and Europe's harshest austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess.
Gold saw a sharp drop on concerns that struggling euro zone country Cyprus would have to sell excess reserves of the precious metal to raise about $ 522 million to help finance that country's $ 13 billion international bailout.
Some media outlets are reporting that Spain is trying to avoid requesting an international bailout in 2012.