EU gave PSA Peugeot through a state-funded financial aid valued at Eur7 billion to keep the company afloat.
Tags: Bailout
IMF completes first review of Cyprus bailout program
After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.
Monte Paschi expects approval of tougher restructuring plan on Sept 24
Monte Paschi announced that it would approve a stricter restructuring plan on September 24 to qualify for a state bailout.
Slovenia liquidates two banks as bailout nears
Slovenia officials said on Friday that it had planned liquidation of two small lenders to ensure financial stability.
Ally seeks to repay USD$1 billion bailout
Ally Financial Inc. said through a statement that it had sought to repay a bailout debt valued USD1 billion.
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Greece announced satisfaction with the decision of the euro zone which granted the country Eur6.8 billion to redeem bonds in August.
On Sunday, Greek and EU officials said that Greece is likely to reach a deal with foreign lenders regarding its bailout review.
Ireland's economy is still in recession as the end of bailout approaches. (Photo : Reuters)Ths is the flag of Ireland. The Irish economy dipped into a state of recession during the last quarter of 2012 and proceeded to contract until early this year, according to the new and revised figures posted on Thursday.
Raffeisen Zentralbank agrees to acquire loan assets from Volksbanken AG as part of the bailout plan.
The IMF released Ireland's aid fund for its bailout due to 'steadfast' economy. (Photo : REUTERS)The Irish flag flies above the General Post Office on O'Connell Street in Dublin The International Monetary Fund announced its approval of Ireland's bailout program.
Fiat is going to earn more from Chrysler this year. (Photo : Reuters)This is a photo from the Geneva Auto Show for the Chrysler booth. Fiat, the Italian car company is set to earn more from Chrysler this year.
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
The Department of Treasury will sell off its shares in Detroit carmaker General Motors. The US government has sold off a major portion of its shareholdings in General Motors Co.
Lloyds sells of bad property loans to Cerberus Global amounting to GBP325 million. The Lloyds Banking Group has sold off a portfolio of bad property loans to American private equity firm Cerberus Global Investments for the amount of GBP325 million or US$504 million.
