Spain Financial Crisis

• Dollar Rallies on US Data, Europe Woes

  The US dollar rallied on Tuesday after a string of healthy economic data boosted near-term rate hike prospects, while Greece's financial crisis and signs of growing opposition to austerity in Spain weighed further on the euro.

• Germany votes with Angela Merkel set for third term

  Germany votes on Sunday with Chancellor Angela Merkel poised to win a third term, making her Europe's only major leader to survive its financial crisis but potentially forced into governing with her main rivals.

• Cyprus leaves shares facing worst week since November

  World shares were heading for their worst week since November and gold was nearly at a one-month high on Friday as Cyprus scrambled to avoid a meltdown of its banks and exit from the euro that could upset the whole region.

• 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.

• Greece seen as most corrupt in EU: Survey

  The countries worst hit by the European financial crisis are also perceived as being among the most corrupt in the European Union, and those perceptions appear to be getting increasingly negative, an international watchdog said in a new report released Wednesday.

• 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...

• 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...

• Police seal off Spain Parliament ahead of protest

  Spain's Parliament has taken on the appearance of a heavily guarded fortress with rows of metal barriers manned by dozens of police blocking access from every possible angle, hours ahead of a protest against the conservative government's handling of the economic crisis.

• IMF economist accuses Fund of suppressing information

  Peter Doyle said the IMF's failed to issue timely warnings for both the 2007-2009 global financial crisis and the euro zone crisis.

• Cyprus becomes 5th eurozone state to seek bailout

  The island nation said it required assistance following "negative spillover effects through its financial sector, due to its large exposure in the Greek economy."

• Dow falls 138 points as Spain seeks help

  Europe's latest efforts to quell its financial crisis left investors exasperated, causing steep losses in stocks.

• Stimulus or austerity? World leaders weigh options

  For months, governments and economists have weighed two different paths to ease the financial crisis.

• US stocks meander as European debt crisis festers

  U.S. indexes opened lower then drifted between modest gains and losses. The Dow closed down 0.2%.

• Spain calls for European integration to save euro

  Madrid's key borrowing rate closed at a euro-era high, indicating deep investor concern about the government's financial stability.

• Nissan-Renault CEO sees 3-4 years of Europe 'stagnation'

  Developing countries should brace for a long period of financial market volatility and weaker growth, it says.