Eurozone Slumps Further as Fidelity Predicts Bailouts for Spain, Italy
Despite the formation of a new government in Greece and a rescue for the banking sector in Spain, it looks as if a long, hot summer is in store for the eurozone.
Spain Spooks Investors as Eurozone Confidence Falls
The Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
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.
Global Economy at Risk: OECD
According to the OECD, the euro zone debt crisis threatens not just Europe, but the world economy itself.