Markets cheer Spain bailout
Stock markets are surging Monday after eurozone finance ministers agreed to lend Spain as much as €100 billion ($125 billion) to help the country's troubled banking sector. Spain has not yet said how much of that sum it will require. Analysts caution that today's rally could be short-lived and that Europe still has plenty of money problems to contend with.
By The Week Staff | June 11, 2012
A Banco Santander branch in Madrid: It might cost nearly 500 billion euros to rescue Spain, nearly wiping out Europe's new 700 billion euro bailout fund.
Ervin Sarkisov/Corbis
S
tock markets are surging Monday after eurozone finance ministers agreed to lend Spain as much as €100 billion ($125 billion) to help the country's troubled banking sector. Spain has not yet said how much of that sum it will require. Analysts caution that today's rally could be short-lived and that Europe still has plenty of money problems to contend with. 
MOST READ
MOST SHARED
- A linguistic dissection of 7 annoying teenage sounds
- WATCH: Suspect defends brutal beheading of London man in broad daylight
- Confessions of a trust-fund baby
- The politics behind Kanye West's 'New Slaves'
- Sadly, you are uglier than you think
- How the White House's war on media backfired
- The FBI kills Tamerlan Tsarnaev's friend: 4 things we know [Updated]
- 32 TV shows to watch in 2013 [Updated]
- Is the Xbox One the smart TV we've all been waiting for?
- An embattled IRS official takes the 5th: Damning evidence of guilt?
- The politics behind Kanye West's 'New Slaves'
- Are we on the cusp of a solar energy boom?
- Why Oklahoma Sen. Tom Coburn doesn't want tornado relief money
- WATCH: Jon Stewart hates everyone in Washington now
- LIVE UPDATES: Massive tornado tears through Oklahoma City area
- Angry at the government? 5 ways you can fight back
- 7 purported health benefits of drinking coffee
- What is a quantum computer — and why does Google need one?
- Why NASA is funding a 3D pizza printer
- The cool backstory of the Slurpee
|
||
|
|
||
|
|
||
|
|
||
|
|
||
