Biggest Financial Crisis Bailout FailsBut while it's a snap to find rosy administration claims about the bailout, finding hard numbers is much more difficult.
Why The Chrysler and GM Bailouts HappenedWhat this story misses is the actual reason for the bailouts, to wit the financial crisis of 2008. You probably remember that one?
Spanish, German leaders search for common ground; Rajoy remains quiet on ...MADRID - For months, Spanish Prime Minister Mariano Rajoy and German Chancellor Angela Merkel have been at odds over how eurozone countries could defeat the 17-nation bloc's relentless financial crisis. Rajoy balked at the indignity of having to ask ...
Debt crisis: as it happened - September 6, 2012Bailouts - whether by government or the ECB - can, at best, buy time. At worst, however, they act as an outright disincentive for necessary reforms.
Romney: No 'Bailouts' for Threatened HomeownersThe economy is a top issue across America, but the foreclosure crisis is particularly acute in Nevada . In some Las Vegas neighborhoods, more than eight in 10 homes are underwater.
In Euro Crisis, Fingers Can Point in All DirectionsIreland had to bear most of the cost of the bailout by itself, precipitating a national debt crisis from which it is still recovering.
IMF Says Bailouts Iceland-Style Hold Lessons in Crisis TimesIceland holds some key lessons for nations trying to survive bailouts after the island's approach to its rescue led to a "surprisingly" strong recovery, the International Monetary Fund's mission chief to the country said.
Finland to Back Bailouts Needed to Save Euro, Katainen Says"We've taken part in all bailouts and we will continue to act responsibly. We're looking for ways that don't increase joint liability, but we do want to resolve the crisis." Finland, which has sided with Germany in its opposition to joint liability ...
Global manufacturing slumps as European banks seek bailoutsThe announcement of the new bailout came after the bank announced a €4.5 billion loss for the first half of the year, as the default rate on its loans soared.
Be honest and get on with itIF CYPRUS is going to get out of the current economic crisis then it needs to be honest about the scale of the problem and simply "get on with it", said Irish minister Lucinda Creighton whose country has received an €85 billion bailout. The Irish ...
September Troika Report Could Determine Greece's FateBRUSSELS/ATHENS, Aug 27 (Reuters) - The euro zone debt crisis was born in Greece. Nearly three years and two bailouts on, Europe must decide whether to give the country yet ... Because of delays in implementing previous commitments, caused in large ...
Catalonia Asks Madrid for Help in Spanish Financial CrisisMadrid - As Spain struggles to avoid an international bailout, the northeastern region of Catalonia asked Madrid Tuesday for central government aid to stop it from defaulting on its debt.
Path out of crisis will mean far closer ties to EU neighboursIf Germany wants its bailout success story to continue prospering, agreement on relief is needed before bailout fatigue in bailout donor countries tips over into exhaustion. The window of opportunity is closing. Solving the euro zone crisis has been ...
Profits in GMAC Bailout to Benefit Financiers, Not USAmong the companies that were bailed out by the federal government during the financial crisis, perhaps the most intractable is proving to be the company formerly known as the General Motors Acceptance Corporation.
Merkel tells her critics bailout countries 'deserve solidarity'GERMAN Chancellor Angela Merkel has told her domestic critics that bailouts are here to stay, while her finance minister warned against placing too much faith in the European Central Bank's ability to stop the crisis. Chancellor Merkel yesterday made a ...
Foreign inspectors assess bailed-out Portugal's financial health amid ongoing ...Though Portugal is one of the smaller economies among the 17 countries using the shared euro currency, its difficulties could open a new front in Europe's battle against the financial crisis that has gripped the continent for several years. The three ...
Is another federal bailout coming?The solution to pension crises in Maryland, Illinois and elsewhere lies in reform, not a federal bailout. For instance, Maryland could save $220 million annually - and improve its investment returns - simply by cutting the indefensible fee its pays ...
Crisis could be over in 1-2 years: EU bailout fund chiefBERLIN, Sept 2, 2012 (AFP) -- The head of Europe's financial bailout fund, Klaus Regling, said the eurozone crisis could be over in "one or two years" if member states stick to their pledges, in an interview to be published Monday. "If all countries in ...
New York Fed Sells Off Last AIG-Related HoldingsWhile the government has reached another milestone in its efforts to unwind the bailouts, taxpayers are still responsible for the crisis-era programs. The Treasury Department owns a roughly 53 percent stake in A.I.G., which it is hoping to whittle down ...
Paul Ryan profited from knowledge of bank bailouts during crisis of 2008On Aug 11, Mitt Romney, the Republican candidate for the 2012 presidency, selected as his running mate Congressman Paul Ryan from Wisconsin.