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.
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 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 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.
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 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.
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.