Spain Requests EU Aid for Banks

MADRID—Spain became the largest casualty to date in Europe’s long-running debt crisis Saturday when it agreed to ask for as much as €100 billion ($125 billion) in aid from the European Union for its ailing banks. Spanish Finance Minister...


Spain Seeks Joint Bank Effort As Pressure Rises On Merkel

Spanish Prime Minister Mariano Rajoy said European leaders should reinforce efforts to protect euro- area banks, ratcheting up pressure on German Chancellor Angela Merkel to back new ideas for a resolution of the debt crisis. With markets bracing for further deterioration in Spain’s finance...


Greeks Are Divided on Way Forward

ATHENS—Greece’s radical left party has upended the country’s politics with an idea as simple as it is seductive: Athens can renege on the deals it made in exchange for a bailout, and still remain in the euro. Agence France-Presse/Getty...