The EU Summit To Save The Euro Has Already Failed

Sean Gallup/Getty Images During the two-day EU summit on June 28 and 29, all eyes will be breathlessly riveted on German Chancellor Angela Merkel—with one question on all lips: will she blink? Because nothing less than the future of the

Rajoy Declares War On Central Bankers To Counter Crunch

Spain and Italy appealed to European policy makers to step up their response to the financial crisis after a 100 billion-euro ($125 billion) lifeline for Spanish banks failed to calm markets. Spanish Prime Minister Mariano Rajoy said today he’ll “battle” central bankers refusing

Spanish Bank Aid Request Seen As Moody’s Cautions

  Spain may today move closer to becoming the fourth euro-area nation to receive aid, a prospect that Moody’s Investors Service said might hurt credit ratings as the threat looms of a Greek exit from the single currency. European Central Bank

Spain calls for new tax pact to save euro

Spain is warning that Europe‘s single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks. As Spain’s prime minister, Mariano Rajoy, came under

Spain Minister Urges EU Aid For Banks In First Plea For Help

  Spain called for outside support for the first time to battle the financial crisis as Budget Minister Cristobal Montoro said European institutions should help shore up the nation’s lenders. Enlarge image Spain called for outside funds for the first time

Debt Crisis

Pressure Builds on Merkel as Spain Calls for Bank Aid

Chancellor Angela Merkel’s spokesman said that Spain knows where to look for aid if it’s needed, giving no ground to Prime Minister Mariano Rajoy’s pleas that Germany consider new ideas to resolve the debt crisis. As markets brace for further

Leaders should reinforce …

Leaders should reinforce efforts to protect euro-area banks and there is a need for a more robust “banking union. Spain will emerge from the storm through its own efforts and with the support of our European partners.

Spanish Prime Minister Mariano Rajoy said.

Rajoy Seeks European Backing As Spain’s Access Narrows

Spanish Prime Minister Mariano Rajoy called for a show of force from European authorities as his government sought ways to avoid tapping markets to fund the bailout of the nation’s third-biggest lender. “Europe has to dissipate any doubts about the