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Wednesday, October 10, 2012

The Two-Way

Spaniards, Who Usually Aid Others, Being Asked To Help Their Own

In June, people in Madrid came to a distribution center where those in need could get food.

October 10, 2012 For the first time, the Red Cross in Spain is looking to raise money so that it can get food to those who are suffering most because of the country's financial crisis. For decades, the organization has focused on helping starving people elsewhere.

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On All Things ConsideredPlaylist

Thursday, September 20, 2012

The Two-Way

Woman Who Ruined Fresco Of Jesus Now Wants To Be Paid

Three images: How the fresco should look (left); how it looked before the "restoration" (center); and what it looked like after Cecilia Gimenez was done.

September 20, 2012 Cecilia Giménez turned her Spanish church's 19-century work of art into something that looks more like a werewolf than Jesus Christ. But tourists have come to see it and the church as been collecting more money. Should she get a piece of the action?

Summary

Friday, June 29, 2012

The Two-Way

Europe's New Deal Has Markets Cheering

German Chancellor Angela Merkel talks with European Central Bank President Mario Draghi (left) and Italian Prime Minister Mario Monti (right) during the summit of European leaders in Brussels.

June 29, 2012 At a summit in Brussels, leaders agreed to steps that were more bold than expected. A key part of the plan: Loans from a bailout fund will go directly to troubled banks in Spain. So the Spanish government won't pile up more debt.

Summary

Tuesday, June 19, 2012

The Two-Way

Spain's Borrowing Costs Soar; Latest 'Ominous Sign' In Europe

The Spanish flag blowing in the wind in Madrid earlier this month.

June 19, 2012 Investors are demanding sharply higher rates. That's adding to the pressure on world leaders to do more to get Europe's financial crisis under control.

Summary

Monday, June 18, 2012

Planet Money

Another All-Downside-No-Upside Weekend For Europe

European Central Bank headquarters.

June 18, 2012 Every time, there's the possibility of disaster if things don't go well. If things do go well, it means only that the disaster is postponed.

Summary

Wednesday, June 13, 2012

Planet Money

Why Germany Keeps Saying No

German Chancellor Angela Merkel wants to help the rest of Europe, but only if they play by the rules.

June 13, 2012 It's not just money. Germany fears a lack of control. German leaders think if they intertwine themselves more closely with the rest of Europe — without having some control over the actions of other countries — they will once again be on the hook for bailing out their neighbors.

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Planet Money

Spain's Bank Matchmaker On What Went Wrong

Angel Borges, matchmaker.

June 13, 2012 Spain's plan to combine small banks didn't go so well. The man who helped make it happen explains.

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On Morning EditionPlaylist

Monday, June 11, 2012

Planet Money

Europe Solves A Debt Problem With More Debt

June 11, 2012 The money Spain is borrowing will likely be the first money it has to pay back. That may make other international lenders even more wary of lending money to Spain.

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The Two-Way

'Relief Rally' Fades As Markets Study Spanish Deal

June 11, 2012 Financial markets have been on the rise in Europe and futures point to a good day on Wall Street. But some of the early gains have evaporated as traders look more closely at the package and look ahead to elections in Greece.

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ListenPlaylist

Planet Money

Three Ways To Stop A Bank Run

This is what you don't want.

June 11, 2012 There's a slow-motion bank run happening in Europe, as depositors move their money from financially troubled countries like Greece and Spain to stronger countries like Germany.

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On Morning EditionPlaylist

Sunday, June 10, 2012

Planet Money

A Theme Park, An Airport, And The Crisis In Spain

A bunch of troubled little Spanish banks got together and became Bankia, a troubled big Spanish bank.

June 10, 2012 Spain's boring, safe, small banks went wild. Now the bill has come due.

Summary

Saturday, June 09, 2012

The Two-Way

Spain, Eurozone Agree To 'Financial Support'

"The Spanish government states its intention to request European financing for the recapitalization of banks that need it," Spanish Economy Minister Luis de Guindos said at a press conference on Saturday.

June 9, 2012 Spanish and euro zone officials announced their intentions after a three-hour emergency conference call on Saturday. If they make good on it, Spain will be the fourth – and largest — member of the 17-nation euro zone to receive outside help as Europe's debt crisis marches on.

Summary

Friday, June 08, 2012

The Two-Way

Reports Swirl That Spain Will Seek Bailout

The Banco de Espana (Bank of Spain) in Madrid.

June 8, 2012 One day after seeing its sovereign debt downgraded to just above junk status, Spain is dealing with reports that it's about to ask the other eurozone nations to help rescue its beleaguered banks.

Summary

Tuesday, June 05, 2012

Planet Money

Three Ways To Stop A Bank Run

This photo dated October 24th, 1929, shows a view of people rushing to a saving bank in Millbury, Massachusetts as the stock market on Wall Street crashed, sparking a run on banks that spread across the country.

June 5, 2012 On today's show, we walk through the three things you can do to stop a bank run — and figure out what options are left for Europe.

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ListenPlaylist

Wednesday, May 30, 2012

The Two-Way

Bank Bailout Fund Floated As Way To Calm Crisis In Europe

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.

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.

Summary

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