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Latest Finance News related to Aid Package

Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
....As always, time is of the essence. Shored up by a third EU-led bailout, Athens was told this week that further rescue funds would not be forthcoming until it concluded a compliance review of terms attached to the €86bn (£74bn) aid package. ...

Gay Syrian refugee found beheaded in Istanbul amid concerns Turkey does not protect EU asylum seekers
 image
....” . Meanwhile Erdogan has repeatedly accused the EU of failing to live up to its promises - in return for accepting refugees sent back from Greece, Brussels pledged visa-free travel for Turks and a €6bn aid package for refugees. ...
Cuts to public financial aid making it harder than ever to get a college degree image
....The result? The cost of attending college has grown at a far faster clip than median household incomes, which have barely budged for most middle class families during the same time frame. Nor have student aid packages or tax credits kept up with the gap created by the evaporating funding. ...
Greece's economic crisis goes on, like an odyssey without end image
Source : Guardian [Read Article] Monday 4th of January 2016 07:35:57 PM
....Ushering in the new year, prime minister Alexis Tsipras predicted that 2016 marked the beginning of the end, “a final exit from economic crisis”. With a financial lifeline sealed via an €86bn (£63bn) aid package from the International Monetary Fund, EU and the European Central Bank, the country could look ahead to radical change and “national rebirth”. ...
Ukraine defaults on $3bn bond payment to Russia image
Source : Telegraph [Read Article] Friday 18th of December 2015 12:16:57 PM
.... The government in Kiev is barred from paying Russia back in full under the conditions of the agreement with private creditors and a $17. 5bn International Monetary Fund aid package secured this year to keep the country’s economy afloat. ...
UK steelmakers boosted by EU aid approval image
Source : Guardian [Read Article] Thursday 17th of December 2015 05:23:48 PM
.... The dumping of Chinese steel continues and must be stopped. The business secretary has done well to deliver this first stage of the state aid package,”,” said Gareth Stace, director of UK Steel. ...
Angus Deaton: a popular choice in tune with renewed focus on inequality image
Source : Guardian [Read Article] Monday 12th of October 2015 12:04:06 PM
....Deaton is not an economist who can be easily pigeonholed. While critical of widening inequality in the US, his work in the developing world has convinced him that the key to greater wellbeing is to promote economic growth rather than to support consumption though western aid packages. ...
Liquidator bid to keep coke ovens going image
Source : BBC [Read Article] Saturday 3rd of October 2015 03:08:31 AM
....He called on the government to ensure the industrial assets were protected and skills retained to ensure steel making had the chance of a future. The government announced an aid package of "up to £80m" for those affected but ruled out state intervention at the plant. ...
VIDEO: Labour urges Redcar steelworks investment image
Source : BBC [Read Article] Friday 2nd of October 2015 05:18:47 PM
....The Thai parent company was earlier granted an application to wind up the UK arm of its business at the High Court in Manchester. The government has made an aid package of "up to £80m" available for those affected but has ruled out state intervention at the plant. ...
SSI steel firm goes into liquidation image
Source : BBC [Read Article] Friday 2nd of October 2015 11:36:53 AM
....On Monday, it was announced the plant on Teesside was to be mothballed with the loss of 1,700 jobs. In response the government made an aid package of "up to £80m" available for those affected but has ruled out state intervention at the plant. ...
Hinkley Point: Osborne seeks to ease doubts with £2bn guarantee image
Source : Guardian [Read Article] Sunday 20th of September 2015 11:01:00 PM
....But there has been no sign of the government wavering in its commitment. EDF has already won a generous financial aid package from the government through its “contract for difference” mechanism but has yet to sign the definitive deal it needs with Beijing investors. ...
Pro-nuclear environmentalists in call to scrap Hinkley C plans image
Source : Guardian [Read Article] Friday 18th of September 2015 02:03:38 PM
.... This delighted the nuclear industry and successive UK governments that have supported nuclear, partly as it contrasts with the intermittent nature of wind and solar power. EDF, the French energy group, promoting Hinkley, has already won a generous financial aid package from the government through its “contract for difference” mechanism but has yet to sign the definitive deal it needs with Beijing investors. ...
Farmers protest: European Commission pledges €500m aid package image
Source : Independent [Read Article] Tuesday 8th of September 2015 10:50:09 AM
. Struggling farmers secured a €500 million aid package from the European Commission to help them cope with plummeting prices for diary and meat that has resulted partly from a Russian embargo against EU food. ...
Farmers clash with police in Brussels during milk and meat prices protest image
Source : Guardian [Read Article] Monday 7th of September 2015 12:08:13 PM
. European agriculture ministers have agreed a €500m (£366m) aid package at an emergency meeting in Brussels as police outside clashed with farmers protesting against falling dairy and meat prices. ...
Europe to give struggling farmers aid image
Source : BBC [Read Article] Monday 7th of September 2015 10:36:19 AM
. EU agriculture ministers have announced a €500m (£365m) aid package after thousands of farmers protested on the streets of Brussels. ...
Greek election confusion raises fresh fears over ability to pay debts image
Source : Guardian [Read Article] Monday 24th of August 2015 12:15:20 AM
....Tsipras announced the election last week after rebels in his leftwing Syriza party refused to support a third bailout, agreed after months of acrimonious talks with both the EU and International Monetary Fund. The aid package foresees draconian cutbacks and tax increases in return for up to €86bn of urgently needed loans. ...
Greece sells airports to Germans as Bundestag prepares for day of reckoning image
.... . But the embattled prime minister has been forced into a number of concessions in return for an €86bn aid package to keep the country in the euro for the next three years. ...
Could Estonia threaten Greece's future in the euro? image
Source : Telegraph [Read Article] Tuesday 18th of August 2015 10:35:53 AM
.... The biggest contributor to the ESM, Germany's Bundestag will begin its formal vote and debate on Wednesday. Chancellor Angela Merkel has been forced to postpone international trips to Brazil and Italy in a bid to convince her sceptical Christian Democrat MPs to get behind the aid package. ...
Greece needs further debt relief after third bailout deal in five years, says IMF chief image
.... A key ally described IMF involvement as a “condition” for the support of his party, Reuters reported, although Green and Social Democrat support is expected to get the deal through. “If there is no firm commitment from the IMF to participate in the third aid package, then we have a new situation,” said Wolfgang Bosbach, a high-profile rebel on Greece from Merkel’s CDU party. ...
Greek stock market surges as outline bailout deal reached with creditors image
Source : Guardian [Read Article] Tuesday 11th of August 2015 07:34:07 PM
....He said he wanted a draft law on the deal discussed in committee on Wednesday so it could be ratified by a full parliamentary vote on Thursday and – all being well – approved at a meeting of eurozone finance ministers scheduled for Friday. The tight schedule is essential if the first tranche of the aid package is to be disbursed in time for Greece to make a €3. ...
Greek bail-out talks delayed by Troika security fears image
Source : Telegraph [Read Article] Friday 24th of July 2015 02:50:50 PM
.... • It's time for Germany to leave the eurozone . The Greek government officially requested a new three-year aid package from the International Monetary Fund on Friday. ...
Greece: plea for unity as banks reopen image
Source : Guardian [Read Article] Monday 20th of July 2015 07:29:44 PM
....“When a government does not have [the support of] 120 MPs, legally there is no issue but politically there is,” he said. Last week, Syriza saw its support being whittled down from 149 to 123 MPs as lawmakers broke ranks over the controversial terms of an aid package worth as much as €86bn (£60bn) to keep the insolvent country afloat. ...
Greece news: 60 of Merkel’s MPs rebel but she wins support for bailout saying alternative would be 'chaos and violence' image
.... Leading CDU member Wolfgang Bosbach argued that more taxpayers money for Greece is money down the drain. Parliamentarians, including German Chancellor Angela Merkel (R, in red) cast their ballots during votes over the third EU financial aid package to Greece (Getty) . ...
Europe's collective aversion to Grexit is baffling image
Source : Telegraph [Read Article] Tuesday 14th of July 2015 07:49:22 PM
.... Yes, the latest deal is an amaroidal defeat for Alexis Tsipras, the Greek prime minister. But it is also a colossal political gamble for the creditor nations (Mark Rutte, the Dutch prime minister, frankly admitted on Monday that he will break his electoral promises when contributing to a new aid package of €86bn [£60bn)] over the next three years). ...
Greece news: three days to prevent Grexit as leaders issue ultimatum image
Source : Telegraph [Read Article] Sunday 12th of July 2015 07:40:32 PM
.... . "This is a basic pre-condition for the start of the talks and doesn't necessarily mean that we will agree with the aid package. ...
Greek crisis wipes £34bn off the FTSE 100  image
Source : Telegraph [Read Article] Monday 29th of June 2015 08:28:15 PM
.... . Greece’s decision to call a shock referendum on July 5 on the Eurogroup’s aid package, which could potentially decide its future in the single currency, prompted a sell-off across global markets. ...
Italy will not follow Greece into economic crisis, says finance minister image
....But even if Italy’s financial fate is not seen as hinging on a possible Greek exit from the euro, the situation could have a marked impact on Italian politics. Matteo Renzi, Italy’s prime minister, has kept a low profile during the tortuous negotiations between European leaders and Alexis Tsipras, the Greek prime minister who surprised all the parties when he announced late last week that he was calling a referendum on the austerity cuts included in an emergency aid package for Greece. ...
Watch live: Anti-austerity protest outside Greek parliament image
Source : Telegraph [Read Article] Monday 29th of June 2015 03:08:50 PM
.... . Prime Minister Alexis Tsipras, who blindsided creditors by calling a referendum on the austerity cuts in the aid package proposed by the creditors, appeared on television on Sunday night to announce capital controls to prevent banks from collapsing. ...
Greek debt crisis: the 20 key moments image
Source : Guardian [Read Article] Thursday 25th of June 2015 03:13:35 PM
.... EU finance ministers admit the money is just the start of what will be needed and soon a €110bn package is agreed on the condition of reforms from Athens. Choleric scenes in parliament and outrage on the streets as Greece approves sweeping austerity measures aimed at unlocking the multibillion-euro aid package. ...
Greece crisis explainer: what reforms are EC, IMF and Athens arguing over? image
Source : Independent [Read Article] Wednesday 3rd of June 2015 12:22:06 PM
....Greece is supposed to pay back €300 million to the IMF by Friday, but it has hinted it may not be able to do so if a €7. 2 billion aid package is not agreed. ...
IMF warns of Grexit threat as judgment day approaches image
Source : Telegraph [Read Article] Thursday 28th of May 2015 04:55:34 PM
.... . Ms Lagarde has previously warned there would be no “quick and dirty” deal for Greece, raising fears that the Fund is poised to pull out of a future aid package after the summer. ...
Packaged bank accounts: could you get a  £1,500 refund? image
Source : Telegraph [Read Article] Thursday 28th of May 2015 10:02:54 AM
....” . Mr Lewis said packaged accounts left “a bad taste in the mouth” and many people who had them should “cancel [them] immediately”. ...
IMF rules out 'quick and dirty' Greek deal as Juncker warns of Grexit 'indignity' image
.... . As Greece’s senior creditor, there have been fears the IMF is ready to pull the plug on another financial aid package unless a “comprehensive” agreement is reached with Athens soon. ...
Not saving early for college tuition is everyone's problem. Here's why image
.... Of those, the average amount saved is $10,040, a 25% decline from last year. To put that in context, it’s enough to cover tuition costs at Yale for about half a semester, assuming that he doesn’t get a scholarship or a big financial aid package. ...
Alexis Tsipras seeks interim deal for Greece in talks with Angela Merkel image
Source : Guardian [Read Article] Thursday 23rd of April 2015 06:20:10 PM
. Greece’s increasingly desperate financial state was highlighted on Thursday when the country’s prime minister, Alexis Tsipras, urged the German chancellor, Angela Merkel, to use her influence to speed up deadlocked negotiations over a new aid package. ...
IMF announces $17.5bn bailout deal for Ukraine image
Source : Independent [Read Article] Thursday 12th of February 2015 12:27:01 PM
....Ukraine has so far received $4. 6 billion as part of a $17 billion aid package from the IMF agreed on last year, but the programme ran into trouble as the war ravaging the country's eastern region weighed on its economic prospects. ...
IMF agrees $17.5bn reform programme for Ukraine image
Source : BBC [Read Article] Thursday 12th of February 2015 10:12:38 AM
....IMF managing director Christine Lagarde said the deal could prove a "turning point" for Ukraine. But Ukrainian Prime Minister Arseniy Yatseniuk said that the aid package included "very difficult" reforms. ...
Cyprus Airways shuts down after order to repay state aid image
Source : BBC [Read Article] Friday 9th of January 2015 06:11:27 PM
....'Not viable'. The Commission undertook an in-depth investigation after the government in Nicosia approved repeated state aid packages to the airline. ...
Spain's state-owned bank presented accounts plagued with errors image
Source : Telegraph [Read Article] Thursday 4th of December 2014 10:11:22 PM
.... . Bankia was once the symbol of Spain's financial crisis, needing almost half of a €41bn European aid package for the banking sector, but it has since returned to profit. ...
Ebola outbreak: World Bank pledges $170 million in new funding to combat spread of deadly virus in West Africa image
....The new funding, which takes the total to $400 million, will be used to increase the healthcare workforce deployed in the region and provide essential supplies in some of the worst affected countries, including Guinea, Liberia and Sierra Leon. The World Bank previously approved a $230 million Ebola aid package, including $117 million in emergency funding, for the three countries. ...
Ghana to seek help from International Monetary Fund image
Source : BBC [Read Article] Monday 4th of August 2014 11:16:19 AM
....Ghana, once seen as a shining example of economic strength in the region, is also struggling with high inflation. The country last went to the IMF for help in 2009, when it secured a $600m (£360m), three-year aid package. ...
College scholarships look to offer more than money as funds dwindle image
Source : Guardian [Read Article] Tuesday 15th of July 2014 11:00:05 AM
....The Fulfillment Fund focuses on helping student get the money from schools themselves. In the form of financial aid counseling, the fund helps negotiate financial aid packages and institutional aid for the students it works with. ...
US oil tycoon helps save 500 jobs by digging deep for Welsh refinery image
Source : Telegraph [Read Article] Sunday 29th of June 2014 06:22:42 PM
.... . The breakthrough in Mr Klesch’s negotiations with the Department of Energy & Climate Change and the Treasury over a potential financial aid package will come as a relief to the loss-making plant’s around 500 staff. ...
Saudi and UAE ready $20bn boost for Egypt's El-Sisi image
Source : Telegraph [Read Article] Sunday 1st of June 2014 04:47:33 PM
. Saudi Arabia and the United Arab Emirates are thought to be readying a financial aid package of $20bn (£12bn) to boost Egypt’s economy and support the incoming government of ex-Field Marshal Abdulfattah el-Sisi. ...
Russia tells Ukraine to pay gas debt or supplies may halt image
Source : BBC [Read Article] Monday 12th of May 2014 04:16:12 PM
....His comments were made during a meeting with Mr Medvedev. The Russian president said that Kiev could dip into its IMF aid package and questioned Ukraine's refusal to do so until now. ...
US urges countries to help Ukraine's economic rescue image
Source : BBC [Read Article] Saturday 12th of April 2014 12:05:44 AM
.... . Mr Lew says the US is "bolstering the IMF program through a complementary aid package, which includes a $1bn loan guarantee and additional technical assistance," in a statement to the IMF. ...
Ukraine rejects Russia Gazprom gas price hike image
Source : BBC [Read Article] Saturday 5th of April 2014 02:54:55 PM
....The price increase marks the end of a discount Russia agreed to give Ukraine in December after talks between Russian President Vladimir Putin and Mr Yanukovych. Ukraine's interim government said last month it would raise gas prices for domestic consumers by 50% to secure an International Monetary Fund (IMF) aid package. ...
Gazprom hikes Ukraine gas price by a third  image
Source : BBC [Read Article] Tuesday 1st of April 2014 11:18:37 AM
....The news comes as Nato foreign ministers prepare to discuss ways to help Ukraine in the first meeting of ministers from the 28 member states since Russia's takeover of Crimea caused a diplomatic crisis. Ukraine's interim government last week said it will raise gas prices for domestic consumers by 50% to secure an International Monetary Fund (IMF) aid package. ...

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