economic bailouts

Miftah Ismail, Pakistan's de facto finance minister, last month told Reuters that his country will not need another bailout as exports are increasing and foreign reserves are being well managed. Capital Economic, a macroeconomic research consultancy, said it expects the government to keep running down ...

L enders have been hit by the fallout from western sanctions over Russia's annexation of Crimea and impact of a sharp fall in oil prices on the country's foreign currency earnings. Russia's central bank is considering pumping more than 1 trillion rubles ($17 billion) into two banks it first bailed out last year to ...

Russian banks have been hard hit by the fallout from Western sanctions over Russia's annexation of Crimea in 2014 and the economic impact of a sharp fall in oil prices on the country's foreign currency earnings. The central bank bailed out private banks Otkritie, B&N Bank and Promsvyazbank in 2017 and ...

As the current Minneapolis Federal Reserve president Neel Kashkari explains, they were “forced to bail out failing institutions ... The risks to the U.S. economy and the American people were simply too great not to do whatever we could to prevent a financial collapse.” Trying to distance himself from such ...

The IMF's renowned bailout comes with the always hard to swallow complements of tax increases and clampdowns that impact largely middle- and ... improvement of the economy will require a drastic reformation of Pakistan's tax collection system along with redefining the country's economic policies.

That staggering fact frames a new paper by three Harvard economists — Benjamin Austin, Ed Glaeser, and former Treasury secretary/chief Obama economic adviser Larry Summers — released on Thursday as part of the Brookings Institution's Papers on Economic Activity series. Austin, Glaeser, and ...

State-controlled AIB has returned just under half of the taxpayer funds used to bail out the bank at the height of the financial crisis. ... “Against the backdrop of an improving Irish economy, these strong results confirm that we are generating significant amounts of capital and on track to meet our medium-term ...

Nonetheless, an extended period of robust economic growth is essential in order for Italy to make further progress. The Swiss bank has estimated that the Italian economy grew by 1.5 percent in 2017, lifted by domestic demand and trade. Meanwhile, the rating agency Standard & Poor's upwardly revised its ...

Why it matters: Because this bailout seemed dead and buried, only to be revived Thursday in a marathon negotiating session in the offices of NY Attorney General ... Facebook COO Sheryl Sandberg says that much of the anti-tech backlash is based on a combination of economic insecurity and concerns that the companies ...

Yvan Mamalet, senior euro economist at Societe Generale, told CNBC that while credit ratings are below investment grade, Greece will have to remain under an economic program in order to maintain access to the European Central Bank funding. With no Greek government bonds currently rated as, ...

In the midst of constant change across the EU, the pressures on the economy are always a challenge. Euronews met up with The EU Economy Commissioner, Pierre Moscovici, in Athens as he met Prime minister Alexis Tsipiras to discuss the Greek bailout programme which is due to end in August.

The Chinese government needs to wean the debt-laden economy off the belief that Beijing will stage a bailout if problems crop up, says a Tsinghua finance professor. The country has the size and resilience to overcome issues in the financial system, but Beijing is concerned about systemic risks that may ...

The debt relief measures could include a longer repayment schedule, linking debt repayments to Greece's economic growth and giving Athens the profits ... Athens has said it wants an end to any external supervision of the Greek economy after August; post-bailout supervision would be unpopular among ...

He also warned that the economy would remain under supervision from its European creditors until 75 percent of its debts have been repaid. Presenting the Bank of Greece's annual report for 2017, Stournaras said economic growth is expected to accelerate to 2.4 percent this year, mostly on the wings of ...