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By Rebecca Christie, James G. Neuger and Svenja O’Donnell |
March 24, 2013
Cyprus agreed to the outlines of an international bailout, eliminating the threat of default.
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By Liz Capo McCormick and John Detrixhe, Bloomberg |
March 19, 2013
The euro fell to a three-month low against the dollar as Cyprus’s parliament voted down an unprecedented bank-deposit levy, fueling speculation the nation’s bailout will falter.
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By Patrick Donahue and Georgios Georgiou, Bloomberg |
March 19, 2013
Cyprus’s parliament rejected an unprecedented levy on bank deposits, dealing a blow to European plans to force savers to shoulder part of the country’s bailout in a standoff that risks renewed tumult in the euro area.
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By Charles Penty, Bloomberg |
October 18, 2012
Spain’s banks face more loan losses as the pace of an economic slump risks turning a worst-case scenario dismissed in stress tests into reality.
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By Andrew Rummer and Nikolaj Gammeltoft, Bloomberg |
October 16, 2012
Global stocks rose the most in a month amid better-than-forecast U.S. earnings and industrial production, while the euro and Spanish bonds gained as two German lawmakers said the country is open to Spain seeking a precautionary credit line.
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By Joseph Ciolli and Lukanyo Mnyanda, Bloomberg |
October 16, 2012
The euro rose above $1.30 for the first time in a week as German investor sentiment improved more than economists predicted and amid speculation that Spain is moving toward asking for financial assistance.
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By Angeline Benoit and Ben Sills, Bloomberg |
September 27, 2012
Spanish Prime Minister Mariano Rajoy’s nine-month-old government announced its fifth austerity package in what may be a move to head off tougher conditions demanded as part of a potential European bailout.
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By Canaccord Genuity Morning Coffee |
September 11, 2012
Shares of AIG fell Monday after the U.S. Treasury Department said it plans to sell $18 billion of the company’s shares.
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By Rebecca Christie and Stephanie Bodoni, Bloomberg |
July 20, 2012
Euro-area finance ministers gave final approval to a bank bailout for Spain of as much as 100 billion euros ($122 billion).
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By Daniel Kruger and David Goodman, Bloomberg |
June 11, 2012
Treasuries pared a decline on speculation a bailout of Spanish banks will provide only a short-term solution the region’s sovereign-debt crisis now in its third year.
