Jun 11, 2012 Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Jun 11, 2012 Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
Jun 8, 2012 Greece continues to struggle through a debt and banking crisis and rumors of a 'Grexit' abound. If the country does leave the euro, how will it roll out the drachma, and what are the costs?
Jun 8, 2012 One of the big rain clouds hanging over markets this morning is coming from Spain. There are reports that the Spanish government could ask Europe to bailout its banks this weekend.
Jun 8, 2012 Today President Obama urged Europe's leaders to act quickly to solve their economic crisis. On the domestic front, the president asked Congress to reevaluate the jobs bill he delivered to the Capitol last year.
Jun 8, 2012 Today at a White house press conference, President Obama warned the American public of the banking crisis in Europe and the stalled congressional action on jobs legislation.
Jun 21, 2012 What's the mood like in Germany right now? It's a case of soccer fever as the European Championships kick off. But are Germans in denial about the eurozone crisis?
Jun 7, 2012 Spain raised $2.6 billion in a bond sale this morning, but the higher interest rate of 6.1 percent shows that investors are still concerned that Spain has not wiped their hands clean of the financial mess just yet.
Jun 7, 2012 All eyes are on Federal Reserve Chairman Ben Bernanke today as he testifies today on Capitol Hill and announces his plans for interest rates and quantitative easing.