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Friday, January 27, 2023
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Bailout

BUSINESS

Virgin Atlantic bailout cleared by court

Digital Desk -
Virgin Atlantic’s £1.2 billion (€1.35 billion) bailout has been signed off by a UK High Court judge. Last week, the airline’s creditors voted to approve...
BUSINESS

No specific coronavirus bailout for aviation industry

Digital Desk -
Chancellor Rishi Sunak has decided against creating a specific support package for the aviation industry, which is suffering from a collapse in demand due...
BUSINESS

Greek bailout talks break down again

Digital Desk -
Hopes for a breakthrough in bailout negotiations for cash-strapped Greece have been dashed again and another deadline has been set. Athens once again failed to...
BUSINESS

Greece agrees new bailout terms with lenders

Digital Desk -
Greek government officials have reached agreement with creditors on the terms to restart bailout loan payouts, following months of tough negotiations. The terms include...
BUSINESS

Major breakthrough on Greek bailout reforms

Digital Desk -
Greece and its international creditors have taken a big step towards an agreement that will ensure the cash-strapped country gets the money it needs...
BUSINESS

Bailout of Italy’s oldest bank stalled over concerns of ‘being overly generous’

Digital Desk -
Plans to support Italy's oldest bank are reported to have stalled following a communication breakdown between the EU and the European Central Bank (ECB). In...
BUSINESS

Banks struggle amid State bailout fears for Italian lender BMPS

Digital Desk -
European banks struggled to make gains on Thursday as investors digested the prospect of a state bailout for struggling Italian lender Banca Monte dei...
BUSINESS

Greece’s European creditors suspend debt relief measures

Digital Desk -
European creditors have pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures by Athens. Greek stocks fell sharply...
ECONOMY

Greece passes ’final exit’ budget from financial crisis

Digital Desk -
Greece’s Parliament has passed a budget of continued austerity as mandated by the country’s creditors, but which forecasts robust growth for 2017. Prime Minister Alexis...
EUROPE

Greece planning cautious return to bond markets in 2017

Digital Desk -
A senior official in Greece's finance ministry says the country is planning a gradual return to international debt markets next year. George Houliarakis, a deputy...
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