Dutch Bailouts of ING, ABN Amro ‘Large Errors’: Committee
A parliamentary committee in the Netherlands said that the country’s government made “large errors” when it bailed out ING Groep NV, ABN Amro Holding NV and Fortis in 2008 and 2009, and those errors put taxpayers on the hook for greater risk and cost.
German Concern over ECB Funding Grows
Germany is getting worried–more worried than usual–about the level of debt in the eurozone. The European Central Bank’s Target2 system indicates that money owed to the Bundesbank now totals 489 billion euros ($656 billion
Germany Blocks Bigger Bailout Fund: Dutch Central Banker
European Central Bank Governing Council member Klaas Knot said Germany is standing in the way of creating a bigger bailout fund, and that the Netherlands will work to convince German officials to loosen the purse strings to create a larger emergency fund.
European Bailout Fund Must Double: Wellink
An ECB official says the bailout fund created by the European Union and the International Monetary Fund must double, to 1.5 trillion euros ($2.15 trillion), if p the private sector is to take part in a second Greek bailout package.
Rate Shocks Could Hurt Peripheral Euro Zone States: Dutch Central Bank
The Dutch central bank's concerns were voiced as the European Central Bank (ECB) said that it might further increase interest rates if inflation increases as the year goes on.