europe fears bailout of spain would strain its resourceswith a bailout of spain becoming a more distinct possibility, european policy makers are questioning who will provide the money that madrid needs to stay in business.europe proposes banking union to ease debt crisisas europe's debt crisis intensifies, top officials say the continent urgently needs a central authority with the financial muscle to fix its broken banks.should europe bail out spain's banks?spain has eclipsed greece as the epicenter of the continent's financial crisis, and its beleaguered banking sector is weighing down the global economyeurope's deepening crisis drags wall street lowernew york (reuters) - stocks tumbled on wednesday as surging bond yields in spain and italy ratcheted up tensions in financial markets about europe's ability to solve its growing debt crisis. angst over europe drove investors away from risky assets and into safe havens. u.s. treasury benchmark yields fell to their lowest in at least 60 years, prices for crude fell more than 3 percent and the... |
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