European finance ministers agree on bailout fund after lengthy talks
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THE hopes for Ireland recouping its bank bailout costs were boosed last night as European finance ministers finally ended lengthy discussions.
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The article reports on Greece Prime Minister Alexis Tsipras' June 2015 introduction of capital controls after eurozone finance ministers refused to extend the country's bailout deadline that led the European Central Bank to freeze the amount of emergency funding it provided to keep banks afloat.
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The article reports that Greek Finance Minister is trying to alter the terms of the 2010 Greek bailout by the European Union (EU), the International Monetary Fund (IMF) and the European Central Bank to address the Greek austerity.
- EU ministers try again to work Greek bailout deal. Russell Lynch // Evening Standard;11/26/2012, p45
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2 Future bank bailouts could resemble those in Cyprus, where shareholders, bondholders and some depositors will take big losses, eurozone finance ministers chief Jeroen Dijsselbloem told Reuters and the Fin'l Times. That's a shift from using European Stability Mechanism bailout funds. After...
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2 Germany's parliament approved advancing to talks with Greece on its third bailout after Chancellor Angela Merkel warned of "chaos" under any other scenario. Separately, the European Union agreed to send 7.2 bil euros ($7.8 bil) of bridge financing to help Greek banks reopen Mon. and to ensure...
