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Bailout News

Greece, lenders will miss March 10 deadline for rescue loan deal: sources

Greece and its international lenders will miss a self-imposed March 10 deadline to clinch a deal that will release the next tranche of the country's rescue loans, three senior Greek government sources said late on Friday.
In the Media by Reuters

Can Slovenia avoid an EU bailout?

Ljubljana - Shortly after its independence in 1991, the small country of Slovenia was quickly heralded as one of Europe’s ‘success stories’.
In the Media by Matthew Turner - 1 comment

Cyprus to sell about 400 million euros of gold reserves

Nicosia - The island nation of Cyprus has confirmed that it will sell 400 million euros of gold reserves to finance its part of the bailout, according to an assessment released by the European Commission on Wednesday.
In the Media by Andrew Moran - 1 comment

Banking officials — Cyprus can amend terms of bailout

In order to qualify for a bailout of 10 billion euro Cypriot citizens had to pay a sizable levy, one-off tax, from their bank deposits.
In the Media by Paul Iddon

USDA weighs sugar bailout that may boost candy prices

In the US, the USDA is considering buying around 400,000 tons of sugar in order to limit supply and boost prices so sugar producers can pay back loans, which they are in danger of defaulting on, to the government.
In the Media by Owen Weldon - 1 comment

Op-Ed: The Obama General Motors duplicity

For three years our consciousness has been bombarded with assertions from Obama, his handlers, and his justifiers, that he is pro-business, -- after all did he not singlehandedly “save” America’s auto industry? Enough with the lies already!
In the Media by James Raider - 3 comments

TEPCO now under Japan state control in 1 trillion yen bailout

Tokyo - The Japanese company that operated Fukushima received a trillion Yen ($12.8 billion) bailout today, effectively putting the company under government control.
In the Media by Anne Sewell

Millions of people protest in 80 Spanish cities (video)

Madrid - On July 19, millions took to the streets in 80 major cities throughout Spain. Union workers, 15m members, the general public and many others let their voices be heard.
In the Media by Anne Sewell - 3 comments

Finance Minister confirms RIM won't receive Canadian bailout

Fredericton - Research in Motion, the struggling Canadian-owned BlackBerry-maker, will not receive a bailout from the federal government, confirmed Conservative Finance Minister Jim Flaherty Thursday in New Brunswick.
In the Media by Andrew Moran

Op-Ed: Bailout — The Movie

A new film is soon to be released that tells us what we know already: America was plundered by Wall Street. But watch it anyway.
In the Media by Alexander Baron
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