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This allowed the Eurogroup of euro-area finance ministers to authorise the release of 12 billion euros (12.8 billion dollars) from the latest bailout package of 86 billion -- 2…
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DOI: 10.1108/OXAN-DB206874
ISSN: 2633-304X
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Last month Carillion, the United Kingdom’s second-largest construction and outsourcing firm, went into liquidation. It employed 43,000 people and had 2017 revenues of 5.2 billion…
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DOI: 10.1108/OXAN-DB230001
ISSN: 2633-304X
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Bulgaria’s moves towards euro adoption.
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DOI: 10.1108/OXAN-DB250692
ISSN: 2633-304X
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The CCB is the second-largest lender in Cyprus. A range of scenarios are possible: the sale of all the CCB's assets, failure to sell any of it and a rapid resolution, or else a…
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DOI: 10.1108/OXAN-DB233505
ISSN: 2633-304X
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The move raises Hellenic Bank’s market share and considerably improves its asset quality, and followed an announcement by market leader Bank of Cyprus on August 28 that it had…
Spain's banking sector.
Greek Prime Minister Kyriakos Mitsotakis hailed the agreement as a national success. It enables the New Democracy government to maintain fiscal stimulus over the next two years…
The reforms would allow the ESM, which provides emergency loans to distressed member states, to offer greater assistance to banks and enhance its capacity to design and implement…
EU budget surveillance.
The agreement testifies to the wish of all parties to avoid a euro-area breakup. It averts the risk of Greece's immediate exit from the single currency. However, the risk of…