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Solutions for Spanish banking crisis dwindle
May 31, 2012
Spain's Deputy Prime Minister, Soraya Saenz, will head to Washington to discuss ways to resolve the Spanish banking crisis with Treasury Secretary Tim Geithner.
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Obama sends economic adviser to Europe
May 30, 2012
With borrowing costs spiking for Spain and Italy, the Obama administration has sent a top treasury official to Europe to encourage European leaders to take decisive action on their financial mess.
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European Commission recommends banking union
May 30, 2012
The European Commission has recommended today that banks in the eurozone create a union to help regulate and bolster failing banks.
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Euro banking union could reduce Spanish burden
May 30, 2012
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
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U.S. Treasury yield hits 60 year low
May 30, 2012
As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.
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What's up, Europe? Insecurity in Spain
May 29, 2012
Although Spanish culture frowns upon talking about money, a financial crisis there is teaching everyone a little more about economics.
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Spain seeks to rescue its big bad Bankia
May 28, 2012
The Spanish government is wrangling with how to rescue its troubled banks. The Spanish bank Bankia needs about $24 billion in new capital.
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Olive oil price hits 10-year low
May 28, 2012
As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
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Greece jumps, Spain slumps
May 28, 2012
Markets in Europe are mixed today: Greece is way up and Spain is down. Though both countries face major economic troubles, the level of uncertainty may be the key in determining their market variation.
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Bailed-out Bankia stock takes a beating
May 28, 2012
Analysts say U.S. investors don't have much exposure to the Spanish bank.
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