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.

Now that Spain has received a favorable bailout deal, will other countries in Europe expect the same?

Just in time for the Greek elections next weekend, the EU bailout of Spanish banks aims to send the signal that the eurozone will stand behind its biggest countries.

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.

The Spanish government is wrangling with how to rescue its troubled banks. The Spanish bank Bankia needs about $24 billion in new capital.

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.

Polls show that Americans are not paying much attention to the debt crisis in Europe.

On trial today: the government's response to the financial crisis. The White House is officially evaluating the $800 billion stimulus program. …