Now that the Greek election has passed, people are looking at Spain — which may be headed towards a full bailout.

The big story today is Europe and the upcoming Greek elections. Analysts are trying to make sense of what the results will mean for other markets around the world.

The Group of 20 top economic powers meets this weekend to discuss the eurozone debt crisis. German leader, Angela Merkel, has cautioned the region on overestimating Germany's capacity to fix the crisis.

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.

A closer look at Spain's economy shows its fundamental problems won't be simply solved by the $125 billion bailout.

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.

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.

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.