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.
June 10, 2012 Spain's boring, safe, small banks went wild. Now the bill has come due.
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.
May 16, 2012 The country will try again to form a government. Meanwhile, its president worries about million so euros being pulled out of Greek banks. And talk of a "Grexit" from the euro zone is increasing.
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.
April 2, 2012 Up to now, Ireland has been the "poster child of austerity" for the way its people have accepted some tough remedies. But thousands protested over the weekend and about half of households didn't register to pay a new tax.
February 9, 2012 The indebted nation needed to agree to more cuts in pensions and other programs. Now it's in line to receive about $173 billion more in financial aid.
December 13, 2011 The author of a new Greek cookbook that features recipes from the meager days of World War II says the book resonates with Greeks today who want to make more with less.
December 8, 2011 Policymakers are expected to follow up that action with some other steps aimed at giving banks easier access to cash. It's hoped the moves will ease the continent's credit crunch.