UK Bailout

We Need to Talk About Ireland

Colm OGorman | Posted 26.03.2014 | UK Politics
Colm OGorman

As I walked along another Dublin street last week, exactly three decades later, I remembered that younger me. And I reached out, back in time, to him: to remember him, and to bring him into my mind and my heart as I headed into the Mansion House.

Bail in Replacing Bail Out

Paulo Casaca | Posted 03.03.2014 | UK
Paulo Casaca

In a press release dated February the 19th addressing the so-called "single resolution mechanism" to be decided by the European institutions, the Council of the European Union stated, in what is perceived as a negotiation declaration towards the European Parliament, there was agreement between the partners that: "bail-in and not bail-out is the main guiding principle for bank resolution."

Risk Factor: Bankers, Benefits and Bailouts

Tony Mckenna | Posted 02.07.2013 | UK Politics
Tony Mckenna

Many of us are half-aware that such figures - these almost pantomime like caricatures of sloth and wretchedness - exist as a tiny minority, but the need to find a visible and sinister repository in which to place our fears is both seductive and satisfying

The European Destruction Of Cyprus Has Begun

Daniel Furr | Posted 25.05.2013 | UK Politics
Daniel Furr

Brussels have decided the unravelling of the Euro and the wider European Project is unthinkable; in order to save the post-World War II consensus, principles and agreements are now void. The euro must be saved at all costs. Merkel has resigned to accepting the end will justify the means; a banking and political union must occur, regardless of the path of misery that awaits the periphery.

Cyprus - The Thin End of the Wedge?

Iain Anderson | Posted 19.05.2013 | UK Politics
Iain Anderson

As I write, an MoD plane carrying one million Euros is being airlifted to Cyprus for UK military personnel. It must be a new and very literal definition of 'helicopter money'. And that's the problem. As long as policymakers continue to opt for radically different solutions in every case - then fear and loathing will never be far away from markets and now, once again, from savers.

'We Need Answers Before This Becomes A Chaotic Moment In EU History'

The Huffington Post UK | Tom Moseley | Posted 18.03.2013 | UK

Britain's Euro MPs have given a resounding thumbs down to the raid on saving accounts agreed by Cyprus. There were warnings the controversial move ...

Let the Music Play: What Can Bring Hope to the Greek People?

Julie Tomlin | Posted 22.04.2013 | UK Politics
Julie Tomlin

What happens when the mood of a whole nation can be characterised by hopelessness and despair? In Greece, where people have been on the receiving end of severe austerity measures and lived through six years of recession, it's a question that politics, as we know it, seems incapable of addressing.

The Eurozone: Raising a Political Deficit

Liam Atkinson | Posted 18.12.2012 | UK Politics
Liam Atkinson

Whilst those harmed by Greece's actions must have some channel of recompense, by refusing to accept a denizen's right to determine their own governance the European community are engaging in a form of authoritarian economic imperialism.

Spain is Finished

Victor Jimenez | Posted 13.12.2012 | UK
Victor Jimenez

Only buffoonery, folks. Yet, the disturbing, crude impression that the Spanish government falls to pieces while the economy of the country reaches its last legs is growing plausible as the month goes by.

RBS Boss Stephen Hester 'Disappointed' After Santander Pulls Out Of Deal

PA/Huffington Post UK | Posted 12.12.2012 | UK

The proposed sale of 316 RBS branches to Santander had collapsed after the Spanish banking giant pulled out of an agreed £1.65 billion purchase. T...

Greece Flogs London Property To Meet Conditions For Next Bailout

Huffington Post UK | Felicity Morse | Posted 19.09.2012 | UK

Greece is to begin selling off its state property from London to Eastern Europe as part of an agreement to continue receiving international aid, Busin...

Buying Time: Greece Pleads For More Time To Make Harsh Cuts

The Huffington Post UK | Posted 22.08.2012 | UK

The Greek Prime Minister has pleaded for "breathing space" to slash spending in the trouble nation, with talks about the country's future in the Euro ...

Pressure On Spain To Bow To Bailout

Daily Telegraph | Posted 02.08.2012 | UK

Italy’s leader Mario Monti is to make a last-ditch effort tomorrow to persuade Spain to swallow its pride and accept a formal rescue, hoping to clea...

What Can We Learn From the Cypriot and Spanish Bailouts?

Vincent Forest | Posted 28.08.2012 | UK
Vincent Forest

In the past two weeks, Spain and Cyprus have formally applied for eurozone rescue packages. Each case is a lesson for the eurozone and offers some indications of what the outcomes of the EU summit on June 28-29 should be.

Spain Makes Official Plea For Banking Bailout

Huffington Post UK | Felicity Morse | Posted 25.06.2012 | UK

Spain has formally requested a bailout to help prop up its beleaguered banking sector. The plea for international aid was made by Spanish economy m...

Spanish Banks Need 'Up To €62 Bn' To Prop Up Financial Sector, Claims Audit

Huffington Post UK | Felicity Morse | Posted 21.06.2012 | UK

An independent audit of the Spanish banks have said that a bailout of up to €62 bn is needed to prop up the country's beleaguered financial sector. ...

Spain 'Expected To Request Bailout Of Banks'

Huffington Post UK | Felicity Morse | Posted 09.06.2012 | UK

UPDATE: Spain's banks are to receive loans from the Eurozone funds to prop up their troubled financial sector, the country's economic minister has con...

Spain Looks To Europe For Banking Rescue

Huffington Post UK | Felicity Morse | Posted 06.06.2012 | UK

UPDATE: Spain's Economic minister Luis de Guindos told reporters in Brussels he had "absolutely not discussed any intervention in Spain's banks" at an...

One in Three Finance Professionals Say the Euro Will Cease to Exist in a Decade

YouGov-Cambridge | Posted 23.05.2012 | UK Politics
YouGov-Cambridge

As concerns rise over the eurozone fiscal treaty, Stefan Kaszubowski and Peter Kellner consider the results from YouGov's latest poll of 68 finance professionals including Hedge Fund Managers, Investment Bank Traders, Analysts, Investment Bankers and Investment Fund Managers.

Eurozone Ministers Edge Closer To Greek Bail-Out

PA | Posted 20.02.2012 | UK

Haggling over the final terms for another Greek bail-out was keeping eurozone ministers at the negotiating table in Brussels late on Monday night. ...

Talks Underway To Agree Second Bailout For Greece

Huffington Post UK | Felicity Morse | Posted 20.02.2012 | UK Politics

Eurozone ministers are meeting in Brussels to try and agree a second bailout deal for Greece, as the troubled country teeters on the brink of bankrupt...

Bailed Out: Cash-Strapped NHS Trusts Get £1.5bn

PA | Posted 03.02.2012 | UK Politics

The government has announced a £1.5bn bailout for NHS trusts suffering serious financial problems. Seven hospital trusts have been identified as t...

The Fall of Europe?

Amin Elmubarak | Posted 05.01.2012 | UK Politics
Amin Elmubarak

So now Papandreou is stuck between accepting the crippling demands of the EU and IMF in order to guarantee the bailout - losing his political career in the process; or refuse the demands and risk economic pressure that would force Greece to utilise Article 50.

Papandreou Faces Challenge As Opposition Calls For Election

BBC | Posted 05.01.2012 | UK

Greek PM George Papandreou has said efforts to form a new government of national unity must get under way soon. Mr Papandreou said these were "crit...

Passing Bailout Package A 'National Priority', Says PM

The Huffington Post UK | Paul Vale | Posted 04.01.2012 | UK

George Papandreou has called the securing of the eurozone bailout a “national priority” for Greece. Speaking to the parliament before the crun...