Spain’s fourth-largest bank, Bankia, asks for a bailout worth 19bns euros ($24bn; £15bn), and admits that it made a massive loss last year.
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Spain’s Bankia seeks 19bn euros
The left-wing leader Alexis Tsipras, who pledges to repudiate Greece’s austerity-for-loans bailout deal, says the country’s problem is a European one, necessitating a European solution.
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Alexis Tsipras, Greek Political Star, Puts Europe on Edge
But pro-bailout parties seem to be gaining.
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Anti-Bailout Greek Party Leads Poll
PONTE VEDRA BEACH, Fla. – There is just no escape, no bailout, nowhere to hide. The potential for embarrassment looms with every shot. There are better holes in golf, no doubt. There are tougher holes, a few shorter holes, holes that have been the stages for more history. But it would be difficult to find a more recognizable patch of grass anywhere in the world of golf than the island green at TPC Sawgrass’s 17th hole, where water sits as a danger front, back, left and right, and where what would seem to be a simple little shot – all of 137 yards on the scorecard – can become frightening. Read full article > >
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The Players Championship: No. 17 hole at Sawgrass like ‘a 3 o’clock appointment for a root canal’
The leader of Greece’s radical left Syriza bloc, which rejects the EU/IMF bailout, is to meet the main pro-bailout parties on Wednesday.
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Greeks in anti-bailout deal talks
The leader of Greece’s left-wing Syriza bloc says he will try to form a coalition based on tearing up the terms of the EU/IMF bailout deal.
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Greek threat to scrap EU bailout
When the U.S. economy was in crisis in October 2008, Congress passed a $700 billion bailout of our financial system. The Troubled Assets Relief Program (TARP) was heavily scrutinized in the media and passionately debated on Wall Street and Main Street. Congress created a bipartisan committee — on which we served — to oversee the funds distributed through TARP. The committee conducted dozens of public hearings and produced 30 oversight reports . Read full article > >
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AIG is still costing taxpayers
State-controlled Royal Bank of Scotland reports a loss of £2bn in 2011, its fourth year of losses since the bank’s bailout in 2008.
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RBS bank’s loss doubles in 2011
Greece avoided a “nightmare scenario” by agreeing to an EU bailout, says the country’s finance minister, as the cabinet meets for talks on the deal.
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Greece ‘averts nightmare outcome’
The Dow Jones briefly tops the 13,000 mark in the US, while European markets dip after eurozone finance ministers agree to another bailout deal for Greece.
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Markets mixed on Greece bailout
After more than 13 hours of talks, euro zone ministers approved a new bailout of 130 billion euros, or $172 billion, in which private investors in Greek debt will take steeper losses than expected to help avoid a default.
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Euro Zone Leaders Agree on New Greek Bailout
ATHENS – European leaders fought into the early hours of Tuesday morning over how and whether to rescue Greece from bankruptcy, as grim new estimates about the country’s economic future helped put off a resolution until what some officials said was the last possible day to successfully implement a bailout. Read full article > >
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Greek bailout discussions stretch into Tuesday
After months of fraught negotiation, finance ministers were expected to agree to a second bailout in exchange for severe austerity measures.
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European Ministers Are Poised to Approve Greek Rescue
All the elements for agreement on a bailout loan for Greece are in place, France says, ahead of a meeting of eurozone finance ministers in Brussels.
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Greek bailout ‘elements in place’
The Players Championship: No. 17 hole at Sawgrass like ‘a 3 o’clock appointment for a root canal’
Thursday, May 10th, 2012
