Saturday, June 30, 2012

Euro crisis bailout

  • Mullen believes the terms of the bailout will be tough because the government has banks -- Popular Bank and Bank of Cyprus -- against a worsening of the euro crisis.
  • (France 24)
  • Spanish and Italian notes rose for a second week as euro-area leaders expanded steps to stem the "The deal on non-seniority for Spanish bailout loans is also a nod in the right direction.
  • (Bloomberg)
  • The German parliament passed the euro zones bailout and new budget rules with a two-thirds that we are overcoming the European debt crisis in a sustainable way," said Chancellor Angela Merkel.
  • (Daily Beast)
  • BERLIN: German lawmakers approved two euro-crisis fighting tools by a two-thirds majority lower house voted in favour of new budget rules and a permanent bailout fund.
  • (Channel NewsAsia)
  • BRUSSELS — Europe's leaders finally rose to the challenge of a debt crisis plans to: — Bail out banks, without putting any financial burden on strapped governments.
  • (Worcester Telegram & Gazette)

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