Italy – European funds: Government’s bailout

The European Commission and the Italian government have reached a preliminary deal for the creation of a fund to help pay back savers hit as part of a state rescue of four small banks last year. Some 12,500 savers saw their savings vanish overnight due to the “bail in” of the four institutions. The bail in procedure was implemented as part of new EU rules mandating that losses are imposed on shareholders and bondholders.

Source: Times of malta, 9/04/2016

Greece – Debt crisis: Current situation

Negotiations with Greece’s creditors were resumed by Labor Minister Giorgos Katrougalos and Finance Minister Euclid Tsakalotos over the past weekend. Greece is currently racing against time to complete the review, facilitate debt relief and ultimately receive the first tranche of the latest bailout. However, according to the Euroworking group (EWG), Greece has made little progress, and the review is not likely to end soon. Moreover, other EU member states have criticized Greece for being “six months behind schedule”.

Source: Ekathimerini, 10/04/2016


“I could have handled this better. I know there are lessons to learn and I will learn them. And don’t blame No. 10 Downing Street, or nameless advisers – blame me. And I will learn the lessons”.

David Cameron, British Prime Minister, (speaking about the Panama Papers revelations).

Source: The Guardian, 10/04/2016


€979.2 million

The surplus reached by Hungary’s external trade.

Source: Bbj, 8/04/2016


The amount of money that low-income families may lose every month after planned welfare cuts will be implemented in the UK.

Source: The Guardian, 10/04/2016

Photo Credits CC: Number 10

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