pain's 14 biggest banks may need as much as 60 billion euros in capital to remain solvent, according to an independent analysis released on Friday. The results of the so-called "stress test" fell within investor expectations, and pave the way for the European Union to release emergency loans to Spanish banks. Weakness in Spain's banking sector has only exacerbated fiscal problems in the country, which is currently struggling with a massive debt burden that has made its borrowing costs perilously expensive. The Spanish government this week unveiled tough new austerity measures to close the hole in its budget deficit, which sparked protests across the country.
- How does chocolate milk stack up as a sports drink?
- How did Love Actually become so controversial? A theory
- Cul-de-sacs are killing America
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
- This is the twistiest tongue twister ever, says science
- How the Great Recession has changed the way we shop — even during the holidays
- The 10 worst-reviewed movies of 2013
- Was the sign-language interpreter at the Mandela memorial faking it?
- 7 enduring lessons from It's a Wonderful Life
- Why Republicans shouldn't get too excited over Obama's stumbles
Subscribe to the Week