bailout

Spanish economy 17th June 2022

Ezentis Asks SEPI For An Express Bailout Of 70 Million Euros To Avoid Default, And Its Shares Plunge 20%

Ezentis, formerly Avanzit and Radiotrónica, is once again facing serious financial problems that threaten its viability. The company has asked the Sociedad Estatal de Participaciones Industriales (SEPI) for help on the verge of the end of the public business rescue fund. The energy and telecommunications infrastructure installation company has confirmed to the CNMV that it has requested 70 million euros in public money. The aim is to recover the group’s…

In Europe 11th September 2014

Eurogroup to park economic stimulus talks

BRUSSELS | By Alexandre Mato | EU finance ministers are meeting in Milan on Friday to focus on Ireland, Greece and Cyprus exit plan to leave their IMF-EU financial assistance programs. The much-needed debate about economic stimulus and growth is not on the agenda, nor will be Scotland, despite the thorny economic implications of an eventual yes vote in the upcoming referendum.

In Europe 29th October 2013

Ireland may not need credit line to exit bailout

BRUSSELS | By Suzanne Lynch at The Irish Times via Presseurop | Ireland may choose to exit its bailout programme without the support of a precautionary credit line, the Minister for Finance said yesterday following a meeting with the International Monetary Fund in Washington.

Spanish economy 12th March 2013

Soledad Pellón, analyst at IG Markets: “Spain is right to avoid Greece-like bailouts”

MADRID | By Julia Pastor | Soledad Pellón, analyst at IG Markets: “Spain is now in better conditions to start the recovery”

Spanish economy 22nd February 2013

Spain dispels the threat of a bailout

By CaixaBank Research | Tensions have eased in the sovereign debt markets of the periphery. The government is preparing to reform Spain’s public sector in 2013.

Spanish economy 13th November 2012

Most Spanish financial analysts forecast a Spailout before 2014

MADRID | By Tania Suárez | Analysts in Madrid think Spain’s risk premium is too high for the government to escape the fate of Ireland or Portugal. “Some sort of bailout” will be necessary before the end of next year.

Spanish economy 24th October 2012

Give Spain fair targets, or damn the euro

“To avoid the euro zone spinning out of control, conditions imposed on Spain should be tailored to be fairly met. That inevitably involves further flexibility in its deficit goals,” says economist JP Marín Arrese.

Spanish economy 2nd October 2012

Spain needs growth to do its homework

MADRID | The weakness of Oliver Wyman’s Spanish banking test is similar to that of the national budget, economist JP Marín Arrese opines. Without growth, Spain could be rescued only to see risk premiums and credit costs decreasing. The threat of a depression would still loom.

In Europe 7th September 2012

Being rescued doesn’t amount to be saved

Community jargon shows how mere wishful thinking is turned into what seems a rock-solid reality-to-be. The EU is full of expectations that never materialize. Yet, this shortcoming does not deter officials from bombastically naming policies or mechanisms as if there was no chance they might derail. Just take the rescue label so often applied to Greece. One takes for granted that once you are rescued from peril you can consider…

In Europe 30th August 2012

After EBC’s meeting, Portuguese bailout (JP Morgan)

By Tania Suárez, Madrid | Global growth will remain below trend until later this year, according to JP Morgan expectations. Rates have dropped less than 50bp from their peaks in 2011 and are projected to fall further 20bp until late 2012. Developed markets authorities believe that “the limit of zero interest rates has eliminated the possibility of conventional action.” Meanwhile, emerging markets with still flexible rates, have “persistently high inflation…

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