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Spain gets a short term fix in euro bailout
Guy Hedgecoe Jun 11, 2012
European leaders agreed to bail out Spain's banks to the tune of $125 billion over the weekend. Spanish banks were hemorrhaging cash ahead of this weekend's crucial election in Greece -- that could lead to a Greek exit from the euro.
Spain avoids government bailout with bank rescue
Tom Burridge 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.
Spain's bailout: Good idea or moral hazard?
Christopher Werth Jun 11, 2012
Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?
Spain asks for bailout, Fed sets new banking buffer
Jeremy Hobson 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.
Obama urges action on Euro crisis, jobs bill
David Gura 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.
Spain succeeds in bond auction despite high borrowing cost
Stephen Beard Jun 8, 2012
Spain's government raised $2.6 billion at a bond auction this morning, but their financial crisis still looms with the banking system and government propping each other up.
Uncertainty lingers in Spain after bond auction
Tom Burridge 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.
Is it time for the U.S. to borrow big?
Juli Niemann Jun 5, 2012
Spain nears a credit crisis, worldwide markets are down, and U.S. borrowing costs near zero. Some economists argue this economic instant is the best time for the U.S. government to invest in infrastructure projects.
Fears of global slowdown sink markets
David Gura Jun 4, 2012
Stocks are down all over the world this morning as investors have their first chance to react to the Labor Department's May jobs report that came out on Friday. But the negative market sentiment isn't just about jobs.
Europe contemplates centralized authority
David Brancaccio Jun 4, 2012
It used to be a pipe dream of some European officials just a year ago. Now, German Chancellor Angela Merkel is pushing for a central authority to regulate all the finances of countries that use the euro.
