All articles by: Ben Fox

Beleagured Spanish may seek end-of-year bailout

Published: October 20, 2012
Written by Ben Fox

Spain remains in the eye of the eurozone storm amid speculation that the country will formally request a bailout from the European Stability Mechanism before the end of the year.

Market panic adds fuel to Spanish debt crisis

Published: July 27, 2012
Written by Ben Fox

European Union officials fear that Spain, the eurozone’s fourth largest economy, will be forced to accept a massive EU bailout as spiralling interest rates threaten to price them out of …

Now bankers caught rigging markets could be jailed

Published: July 27, 2012
Written by Ben Fox

Bankers caught rigging financial markets could face jail after Michel Barnier, the European Union Internal Market Commissioner, unveiled plans to establish criminal sanctions for financiers involved in rate fixing, insider …

Leaks reveal UK reversal on payments policy

Published: July 13, 2012
Written by Ben Fox

The Conservative-Liberal Democrat coalition is attempting to block legislation aimed at forcing extractive companies to publish payments to governments, according to leaked government documents. The papers contradict a speech given …

Leaders urged to agree full rescue plan for euro

Published: June 29, 2012
Written by Ben Fox

European Union leaders faced renewed demands to establish a comprehensive plan to combat the continent’s spiralling bank and sovereign debt crisis at the latest crisis summit in Brussels. Following the …

Multi-billion euro deal fails to calm bailout fears

Published: June 15, 2012
Written by Ben Fox

A mega-billion euro bailout for Spain’s tottering banks has failed to allay concerns that the country may require a full European Union bailout. Financial markets were initially buoyed at the …

Spanish need a bailout to stop Bankia tanking

Published: June 1, 2012
Written by Ben Fox

The Spanish government is set to request an emergency injection of 19 billion euros from the European Central Bank to prop up the embattled bank Bankia, in what could be …

Terra Firma takeover prompts new uncertainty

Published: May 7, 2012
Written by Ben Fox

Care home patients across Britain face fresh uncertainty after private equity giant Terra Firma agreed an £825 million takeover of Four Seasons Health Care. Four Seasons employs 30,000 staff in …

Southern Cross faces new crisis over debt

Published: April 7, 2012
Written by Ben Fox

Four Seasons, the company which last year took over 140 care homes owned by its stricken rival Southern Cross, is at the centre of a debt controversy which threatens to …

Cameron under fire over ‘poll tax’ privatisation

Published: March 23, 2012
Written by Ben Fox

David Cameron’s controversial plan to lease large chunks of Britain’s road network to the private sector has already run into difficulties after it was revealed that the Government has managed …

Riots on the streets as second EU bailout looms

Published: July 1, 2011
Written by Ben Fox

There have been further violent protests in Athens as the Socialist government narrowly forced through an emergency budget package of austerity measures as part of a deal that will see …