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+ Follow EUROPEAN FINANCIAL STABILITY FACILITY Tag
EUROPEAN FINANCIAL STABILITY FACILITY
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 874855
                    [Title] => Euro officials reach deal to reduce Greek debt
                    [Summary] => 

Greece is on its way to getting the next installment of its much-needed bailout loans after finance ministers from the 17 European Union countries that use the euro agreed on a program to reduce the country's debt.

[DatePublished] => 2012-11-27 09:46:51 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => World [SectionUrl] => world [URL] => ) [1] => Array ( [ArticleID] => 847228 [Title] => A battle of will [Summary] =>

Two weeks ago, we wrote about European Central Bank president Mario Draghi’s pledge to do whatever it takes to preserve the euro (Whatever It Takes, Aug. 27 2012).

[DatePublished] => 2012-09-10 00:00:00 [ColumnID] => 135252 [Focus] => 0 [AuthorID] => 1781272 [AuthorName] => Valentino Sy [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 841931 [Title] => 'European adjustment strategy starts delivering results' [Summary] =>

Suffering years of pain, the reforms as well as the strengthening of economic governance and growth-enhancing measures taken at EU level have started to deliver results, except the special case of Greece, Klaus Regling, the CEO of the European Financial Stability Facility (EFSF) said here in a lecture on Friday.

[DatePublished] => 2012-08-24 23:00:13 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [3] => Array ( [ArticleID] => 835190 [Title] => Dollar gains as central banks stay put [Summary] =>

The US dollar rose against major currencies in late New York trading this week, while central banks' decisions to keep monetary policy unchanged disappointed investors who had expected them to do more.

[DatePublished] => 2012-08-05 10:00:33 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [4] => Array ( [ArticleID] => 798918 [Title] => Bond swap hammers Greek banks [Summary] =>

Four major Greek banks on Friday announced combined losses of €28 billion ($36.9 billion) in 2011, hammered by a recent bond-swap deal between Greece and with private creditors that leaves local lenders in pressing need of promised bailout money.

[DatePublished] => 2012-04-21 05:08:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [5] => Array ( [ArticleID] => 792651 [Title] => Eurozone boosts financial buffers to $1.1 trillion [Summary] =>

The 17 countries that use the euro have boosted their emergency funding for debt-troubled countries to €800 billion ($1.1 trillion) — an amount that falls short of what the currency union's international partners had said is needed to calm financial markets.

[DatePublished] => 2012-03-31 03:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [6] => Array ( [ArticleID] => 791200 [Title] => Germany open to raise crisis firewall to $930 bn [Summary] =>

Germany has backed down from its resistance to boosting Europe's financial firewalls, after Chancellor Angela Merkel said she was open to temporarily boosting the eurozone's bailout funds to €700 billion ($930 billion). But the move still falls short of what may be needed to protect Italy and Spain from collapse.

[DatePublished] => 2012-03-27 02:23:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [7] => Array ( [ArticleID] => 768057 [Title] => Stocks decline for fear of worsening Europe situation [Summary] =>

The stock market opened the week 0.75 percent lower as concerns over Europe resurfaced.

[DatePublished] => 2012-01-16 19:00:42 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [8] => Array ( [ArticleID] => 754635 [Title] => Dollar drops amid central banks' collaborative move, eased Eurozone concerns [Summary] =>

The US dollar fell against major currencies this week as six central banks collaborated to inject dollar liquidity to the market, in an effort to avoid the spread of eurozone debt crisis.

[DatePublished] => 2011-12-04 10:00:14 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [9] => Array ( [ArticleID] => 753260 [Title] => Eurozone ministers OK $10.7 billion Greek loan [Summary] =>

With Italy sinking rapidly into financial chaos, the eurozone's 17 finance ministers scrambled yesterday to find enough money to give their rescue fund a veneer of credibility and the markets some reason to believe their embattled currency won't break up.

[DatePublished] => 2011-11-30 03:20:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) ) )
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