Cyprus Will Be Fifth to Ask for Bailout
The country has already asked Russia for a 5 billion-euro loan.
Europe’s Crisis Focus Shifts From Greece to Spain
Concerns eased a bit over the possibility of a Greek exit from the euro zone as Saturday polls showed rising support for pro-bailout parties in that country. But attention turned to Spain as earlier estimates of funding needed for a bailout of its largest bank looked to be seriously undervalued.
European Union Banks to Raise Capital Buffers by June
European governments will force their largest banks to quickly increase their cushions of capital to ride out market turmoil brought on by the debt crisis, officials said Wednesday.
As Tempers Flare at EU Summit, Progress on Bank Recapitalization
Testy exchanges marked ongoing talks of European Union leaders over the weekend; further talks scheduled for this week.
Roubini: Europe Needs 2 Trillion Euro ‘Bazooka’
Economist Nouriel Roubini said Europe must increase the money it has raised to battle its debt crisis and deploy a 2 trillion euro ($2.7 trillion) “bazooka” before it is too late.