Italian Premier Mario Monti has proposed using the eurozone’s €440 billion ($555 billion) bailout fund to buy sovereign debt and ease pressure on Italian and Spanish borrowing rates.Monti told a briefing …
Monti proposes European bailout fund buy bonds
Tags: bailout, bonds, Italian Premier Mario MontiIreland’s High Court began hearing a challenge to the European Union’s new bailout fund on Tuesday, launched by a politician who said the European Stability Mechanism was not compatible with the Irish …
Euro bailout fund challenged in Irish court
Tags: bailout, European Stability Mechanism, Ireland High CourtThe United States suggested on Monday it would support discussions to review Greece’s international bailout, saying economic reforms under the 130-billion-euro rescue program were pushed off track by a …
U.S. suggests it will back review of Greek bailout
Tags: bailout, GreeceAn early rally in world markets lost momentum Monday after Greek elections put the main pro-bailout party on top but still needing to form a coalition government.
World market rally loses steam
Tags: bailoutTwo elections, two interim prime ministers and 221 days since Greece last had an elected government, Greek President Karolas Papoulias asked the leader of the center-right New Democracy party Monday to try to hammer out a coalition.
Pro-bailout party wins, tries to form government
Tags: bailout, Greece, Greek President Karolas Papoulias, New DemocracyFactSet: yield on Spanish 10-year bonds punches through 7 pct level, seen as bailout threshold.
FactSet: yield on Spanish 10-year bonds punches through 7 pct level, seen as bailout threshold
Tags: bailout, bondsFate of Greek government will be set in coming days after talks to form coalition
Pro-bailout party gets most votes
Tags: bailout
