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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.
 
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.
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

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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.
 

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