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  • Spain's Economy Minister Luis De Guindos (bottom center) speaks June 27, 2012, during a control session at the Spanish Parliament in Madrid. (Associated Press)

    Spain says eurozone facing 'decisive hours'

    Spain insisted Wednesday it will continue to push for European financial aid to be delivered directly to its troubled banks, rather than count as government debt, warning that these were crucial moments for the euro currency union.


  • Spain's Prime Minister Mariano Rajoy speaks June 13, 2012, in Madrid during a control session at the Spanish Parliament. (Associated Press)

    Spain crisis deepens as borrowing rates soar

    Spain's borrowing costs broke through another record Thursday after a credit ratings agency downgraded the country's ability to pay down its debt amid rising fears a bank bailout may not be enough to save the country from economic chaos.


  • A journalist stands live June 11, 2012, on TV in front of the Stock Exchange's main display in Madrid as it shows Bankia values. (Associated Press)

    Spain bank rescue glee morphs into markets rout

    Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain's hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still-undefined plan and became concerned the country may be unable to repay the new loans.


  • Spanish Economy Minister Luis de Guindos gestures during a news conference at the Ministry of Economy and Competitiveness in Madrid on Saturday, June 9, 2012. Spain will ask for a bailout for banks felled by bad real estate loans, in an about-face that European officials welcomed Saturday and said could cost up to 100 billion euros ($125 billion). A rescue for Spain will be Europe's fourth since the single currency bloc's debt crisis erupted two years ago. (AP Photo/Andres Kudacki)

    Europe bailout of Spain could cost $125B

    Europe is to offer Spain a bailout package of up to €100 billion ($125 billion) to help rescue the country's banks and keep the 17-country eurozone from breaking apart.


  • **FILE** A demonstrator holds a banner reading in Spanish "Bankia is a wild animal" during a demonstration June 2, 2012, next to a Bankia bank branch in Barcelona. (Associated Press)

    Spain's ailing banks threaten country's finances

    Spain is under rising pressure to find a lifeline for its deeply troubled banks.


  • Spanish Prime Minister Mariano Rajoy told a Spanish Senate session Tuesday that Europe "needs to support those that are in difficulty." (Associated Press)

    Spain appeals for help as banks struggle

    Spain's prime minister appealed Tuesday for European leaders to push toward greater fiscal unity -- a step that would allow its troubled banks to get direct financial help -- while a top government official warned that the country's high borrowing costs meant it faced increasing trouble accessing credit markets.


  • Spanish Prime Minister Mariano Rajoy gestures June 4, 2012, during a meeting with Republic of Singapore deputy premier Tharman Shanmugaratnam at La Moncloa palace in Madrid. (Associated Press)

    Spain premier calls for EU bank unity plan

    Spain's prime minister appealed Tuesday for European leaders to push toward greater fiscal unity — a step that would allow its troubled banks to get direct financial help — while a top government official warned that the country's high borrowing costs meant it faced increasing trouble accessing credit markets.


  • ASSOCIATED PRESS
A woman walks past a closed store in Madrid on Saturday. Spain is back in the center of the eurozone debt crisis as the interest rate on its government bonds rose Monday to their highest level since December, a sign that investors are becoming more concerned about the country's ability to afford its debts.

    Spain's borrowing costs take worrisome jump

    MADRID | The interest rate on Spanish government bonds rose sharply on Monday, a sign that investors are becoming more worried about the country's ability to afford mounting debts as its economy shrinks.


  • Spain dubs Benicio del Toro, Ricky Martin citizens

    The Spanish government says it has granted citizenship to singer Ricky Martin and actor Benicio del Toro.


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