Spain Debt Crisis

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  Spanish PM Wants 'Yes' Vote in Greek Referendum, Change in Government

  A "yes" win in a planned weekend referendum in Greece would be good for Greece as it would allow its creditors to negotiate with a new government in Athens, Spanish Prime Minister Mariano Rajoy said today.

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  Europe's Bankers Press Pause Not Panic Over Greece

  Euro zone stocks remained well ahead of where they were at the start of the year before the European Central Bank (ECB) started printing money, and while government borrowing costs shot up in Europe's indebted southern countries - Italy, Spain and Portugal - they remained well below the heights scaled at the peak of the crisis in 2011/2012.

• No country will have to leave the Euro: German Chancellor Angela Merkel

  German Chancellor Angela Merkel stressed her view that no country will have to leave the eurozone, despite the fiscal and economic crisis that has rocked the 17-nation currency bloc, in comments published on Friday.

• If Cyprus can sell gold to help bailout, why not others?

  Heavily indebted euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to meet its financing needs.

• Aid-giving by rich countries falls for a second year: OECD

  Development aid from rich countries to some of the world's poorest fell for a second year in a row in 2012, as big European donor countries hit by years of debt crisis cut their spending.

• Euro Zone agrees 10 billion euros bailout for Cyprus

  International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said. Cyprus is the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help in the wake of the sovereign debt crisis that started in 2010.

• EU says euro zone economy to shrink again in 2013

  The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see its fortunes improve in the second half of the year.

• Even without US 'fiscal cliff,' world economy teeters

  Among rich nations, the U.S. outlook remains the least troublesome. But given a recession in the euro zone and a recent contraction in Japan, that's not saying a lot. At the same time, many emerging markets are hurting. India is likely to log its weakest growth in a decade this year and Brazil's economy is also sputtering. Luckily, growth in China ...

• Euro zone slips into second recession since 2009

  The euro zone fell into a recession in July-September, the second since the global financial crisis in 2009, as French resilience could not make up for a slump across Europe and the three-year debt crisis slowed Germany to a crawl. Economic output in the 17-country euro zone fell 0.1 percent in the third quarter, the EU's statistics office Eurostat...

• Anti-austerity strikes sweep southern Europe

  Police and protesters clashed in Spain and Italy on Wednesday as millions of workers went on strike in organised labour's biggest Europe-wide challenge to austerity policies since the euro zone debt crisis erupted three years ago.

• Spain ready for bailout, Germany signals 'wait': sources

  Spain is ready to request a euro zone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, European officials said on Monday.

• Spain unveils austerity budget as bailout looms

  Squeezed by financial markets and denounced in the streets, Spain's government will adopt on Thursday a 2013 austerity budget which could be a precursor to a full-blown bailout. The final step before a rescue is likely to come a day later, analysts say, when Madrid unveils an independent audit of its limping banks to determine how much capital they...

• Top 10 stocks to track in trade today

  Indian markets are likely to trade flat Tuesday tracking weak global cues. Asian shares eased after sentiment was weakened by data showing Germany's business confidence dropped in September. Uncertainty about the bailout prospect for Greece and Spain, which are the two major risks in what has become the euro zone's three-year-long debt crisis, a...

• 5 steps ECB has taken to combat Europe's debt crisis

  European Central Bank president Mario Draghi's announcement to lower the borrowing costs of debt laden Spain and Italy has sparked a global rally. Indian stock markets surged Friday tracking strong gains in US and European stocks. The Dow Jones industrial average hit its highest mark since December 2007 while European stocks, already trading at a s...

• Eurozone seen back in recession as manufacturing, services slump

  The Purchasing Managers' Index (PMI), published by Markit, showed the economic rot that began in smaller periphery members of the 17-nation bloc is now taking hold even in Germany, the region's largest and strongest economy.