BRUSSELS (Reuters) - European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program .
By ValueMax : According to a recent Reuters poll, equity analysts expect that Nokia ( NOK ) will burn cash of $2.5 billion over the next three quarters. This will be a repeat of what happened in the last five quarters where it lost $2.1 billion of its cash reserves. Given this rate of cash burn, ...
… nearly wiped out Genworth's equity in early 2009. The firm took action accordingly, attempting to gain a share of government bailout funds. However, it was too late in satisfying the requirements and instead was forced to raise capital through equity and …
AMSTERDAM, May 23 (Reuters) - Dutch Prime Minister Mark Rutte said on Wednesday he was not in favour of letting the euro zone's bailout funds recapitalise banks directly.
… plans for a Greek exit. Putting a slight bid into European shares are sketchy comments over the wires about Greece getting more lenient bailout terms from the EU. Stoxx 50 -2% . S&P futures well off session lows, -0.5% . 1 comment!
MADRID, May 23 (Reuters) - Spain has no intention of seeking bailout funds for the country's troubled banks, Prime Minister Mariano Rajoy said after meeting new French President Francois Hollande in Paris to discuss policy on Wednesday.
BERLIN (Reuters) - An external consulting firm charged with evaluating the structure of Europe's new permanent rescue facility has raised questions about whether it will have enough staff to function effectively, according to documents seen by Reuters.
* Econ Min to address parliamentary committee at 1600 GMT * He will outline plan to restructure nationalised Bankia * Negotiations still under way on size, form of bailout By Jesús...
* De Guindos to address parliamentary committee at 1600 GMT * He will outline plan to restructure nationalised Bankia * Negotiations still under way on size, form of bailout By Julien...
… pressure on Spain and Italy, “which imminently needs a large bailout of its banking system.” The 10-year yields for each country ..... says BCA. So if the European Union (EU) stops the flow of bailout funds, Greece, unable to pay wages, would invoke …