Bailout
Financial help to a corporation or country to avoid bankruptcy
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📌 Topics
- Global Economy (1)
- European Politics (1)
- Finance (1)
🏷️ Keywords
Greece (1) · Bailout (1) · Eurozone (1) · Financial Crisis (1) · Austerity (1) · Sovereign Debt (1) · Athens (1)
📖 Key Information
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term bail-in (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not. Some governments also have the power to participate in the insolvency process; for instance, the U.S. government intervened in the General Motors bailout of 2009–2013.
📰 Related News (1)
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🇺🇸 European financial system hinging on Greece
The fate of Europe's financial system - and possibly the world's - hinges on Greece and its acceptance of a bailout plan, reports Mark Phillips....
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People and organizations frequently mentioned alongside Bailout:
- 🌐 Greece (1 shared articles)
- 🌐 Financial crisis (1 shared articles)
- 🌐 Austerity (1 shared articles)
- 🌐 Eurozone (1 shared articles)