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Bailout package News

What does bankruptcy mean for Greece?

In a speech to the nation on Saturday night, the Greek Prime Minister outlined the consequences of the latest bailout measures not being ratified in parliament.

In the Media by Marlene de Wilde - 2 comments

Inspector General: U.S. TARP Could Cost $24 Trillion

After the financial collapse, the United States could see costs of $24 trillion for the financial bailouts, according to inspector general Neil Barofsky.

In the Media by Andrew Moran - 2 comments

Senate Passes Bailout Bill

The Senate late last night voted 74-25 in favor of the White House plan to bailout financial institutions holding securities tied to the failing mortgage market, setting up a showdown in the House of Representatives on Friday.

In the Media by Sadiq Green

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Hungary breaks EU bailout impasse

Hungary's government agrees to strengthen its central bank's independence, opening the way to an EU bailout package.

VIDEO: Greece debt: Ministers strike deal

Eurozone finance ministers have agreed on a new 130 billion Euro bailout package for the Greek economy.

Greek parties fail to agree cuts

Greece's PM says more talks are needed on fresh austerity proposals for a new bailout package, as euro finance ministers prepare to meet.

Brussels praises Greek cuts vote

The European Commission welcomes Greece's approval of tough austerity measures, needed for a huge bailout package, which sparked riots.

U.S. Markets Open Higher After Greek Bailout Deal

With European finance ministers agreeing on a new bailout package for Greece, global stock markets are trending upward. All eyes are now on U.S. equity markets, which were closed on Monday in honor of Presidents Day.