Bailout

  • NewsAOL

    Eurozone agrees Greece bailout deal

    Eurozone leaders have reached a tentative agreement on a new bailout deal for Greece as the country teetered on the brink of economic collapse. Following all-night talks in Brussels, European Council president Donald Tusk said the agreement

    1-min read
  • NewsAOL

    Greece submits bailout proposal

    Greek prime minister Alexis Tsipras has submitted detailed proposals for economic reform in the hope of persuading creditors to agree a fresh bailout. Punishing tax rises and spending cuts are being offered in return for a financial lifeline of

    2-min read
  • BusinessAOL

    Osborne 'ready to start RBS sell-off'

    George Osborne is reportedly expected to set out plans to start selling off the taxpayer stake in Royal Bank of Scotland in his Mansion House speech next week. The Chancellor will expand on remarks in January when he said the government was

    2-min read
  • BusinessAOL

    Treasury sells another £500m Lloyds stake

    The Treasury has sold another chunk of its stake in Lloyds Banking Group, taking its holding in the bailed-out lender below 22%. The latest disposal of around 1% of the group represents stock worth more than £500 million at its latest market

    2-min read
  • BusinessAOL

    £500m state shares in Lloyds sold

    The government has sold another £500 million-worth of shares in Lloyds Banking Group, taking its stake in the lender to below 23%. In addition to the dividend announced by Lloyds last month, the latest transactions mean the Treasury has now

    2-min read
  • NewsAOL

    IMF admits Greek bailout failures

    The International Monetary Fund has admitted it made "notable failures" in the Greek bailout, underestimating how much the austerity measures it pushed would hit the country's already faltering economy. The IMF made the unusually

  • BusinessAOL

    Cyprus troops 'will be compensated'

    Politicians in Cyprus are to vote on a bank account levy which could affect the savings of thousands of British expats. As part of a £9 billion bailout, European officials said people with less than 100,000 euro (£87,000) in Cyprus-based