The Cyprus government is scrambling to find alternative ways to fund its part of an E.U. bailout, including asking for help …
bailout
Why Spain’s Big Bank Bailout Is Really a Big Bust
Spain’s banks received a pledge for a huge rescue package from the European Union over the weekend. But some experts believe the bailout may end up causing more pain for the Spanish government in the long run
Why We Should Worry About Spain’s Economic Pain
Can a Second Bailout Save Greece?
After months of delays, arguments and doubts, euro-zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning. The agreement will not only provide fresh financing …
What Happens if Greece Doesn’t Get a Bailout?
After the Greek Parliament on Sunday passed yet another package of austerity measures demanded by its euro-zone neighbors — this one worth $4.4 billion — the path seemed clear to finalizing a long-delayed, second bailout of …
The Neverending Bailout: The U.S. Is Still Owed $133 Billion from Crisis Fund
If you thought the bank bailout that started in late 2008 was long gone, you would be far from wrong. The special investigator for TARP, the government fund that was created in the wake of the financial crisis, released a report …
Despite Good Earnings, Big Banks Far From Fixed
You can’t have a strong economy without strong banks. That’s why President Bush’s and, later, President Obama’s first attempts to save the economy from a deep recession were focused around bank bailouts. And the fact that the …
U.S. Carmakers Accelerating Out of the Recession
The U.S. auto industry is revving its engine heading into the new year. The three largest domestic carmakers posted strong gains to close out 2011 in another sign that the U.S. economy is coming back to life following the Great …
Come Again? American Auto Workers Get Signing Bonuses?
As the auto industry climbs out of the worst economic slowdown since the Great Depression, workers are demanding higher pay. But the closest thing they are likely to get from a labor agreement between the United Auto Workers and …
Too Cute to Fail: Grandparents Bailing Out Their Grandchildren
When times get tough, big banks and auto companies have the government to bail them out. Kids have their grandparents.
Will Italy Bring Down the Eurozone?
Forget Greece. The biggest question mark in the never-ending eurozone debacle is now Italy.
European markets have been getting slammed over fears that Italy may be the next domino to fall. But why is Italy — whose debt problems have until now been on the back-burner — suddenly feeling the heat? First, eurozone finance ministers have …
More Greek Drama: Who’s Paying the Price?
The rumors about Greece’s second bailout, worth €60 billion ($86 billion), won’t go down easy in Germany, where taxpayers are particularly outraged at the idea of shelling out more hard-earned cash for the sake of Greek salvation. So German officials are pushing for something a bit more politically palatable: getting Greece’s …
