Spain could ask for a rescue of its struggling banks this weekend when European finance ministers hold an emergency conference call Saturday to discuss the country’s financial problems, a move that would make it the fourth member of the 17-nation eurozone to seek outside help since the continent’s financial crisis erupted two years ago.
Category: Financial News
Spain’s Record Yields Show Italy Bailout Risk as Crisis Spreads
Spain’s benchmark borrowing costs climbed to a record yesterday, raising the specter of sovereign bailouts for the government in Madrid and then Italy that would stretch European Union finances to their limit.
Between Facebook and JPMorgan, Wall St. woes mount
Facebook stock jumped from $38 to as high as $45 in the opening … But small investors, mistrustful of the market, are still pulling money out of stocks.