The Spanish bank Bankia in Madrid has asked the government to inject $24 billion. The European Commission is proposing a "banking union" to help eurozone governments rescue banks.
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May 30, 2012 As Spain's borrowing costs continue to go through the roof, the European Commission proposes a "banking union" for the 17-country eurozone. The plan would include a fund to protect individual governments from being overwhelmed by the cost of bank rescues.
Enrique Vallejo serves soup at the Amaikak Bat txoko in San Sebastian.
Deena Prichep for NPR
May 14, 2012 Txokos are bustling, food-centered social clubs, somewhere between dinner party and fraternal lodge. And Basques often point to txokos to explain their renowned cuisine and wealth of Michelin-starred restaurants like Arzak and Mugaritz.
May 1, 2012 Less austerity is the flavor of the week. What happens if bond investors don't bite?
April 26, 2012 Standard & Poor announced it was downgrading Spain's long-term sovereign credit rating by two notches – from "A" to "BBB+." The agency also lowered the country's short-term sovereign credit rating to "A-2" from "A-1," and said the outlook on the long-term rating is negative.
March 13, 2012 What the solution to Europe's debt crisis has to do with a bar on the coast of Spain.
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March 8, 2012 "Nobody's out buying bars right now," he says. "Banks in Spain are not lending a cent — a euro cent."
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July 29, 2011 A Spanish bank wants a loan from the European Central Bank. As collateral they're pledging two of the world's biggest soccer stars.
July 11, 2010 Spain won its first World Cup championship in its first appearance in the final match.
January 5, 2010 There's a hacker out there who thinks the Prime Minister of Spain looks like a celeb from across the pond. Guess who?
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