Keyword: bail out

French Budget Minister Holds Hopes For Greek Plan This Week

French Budget Minister Valerie Pecresse said last issue to clear in Greek bail out was the participation of the private sector in the plan.

Accounting could stall France's Greek debt plan

Accounting issues remain a major obstacle for private sector investors considering the French banking sector's plan for restructuring Greek debt.

The staggering public cost of rescuing Europe's banks

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 © EU. © EU.

In what was a largely unreported announcement in Decemeber, the EU Commission revealed that more than 4.5 trillion euros of state aid was authorized to fund the rescue of Europe's financial sector since October 2008. More than 1.1 trillion euros was actually used in 2009. Analysis and comment by Martine Orange.