TOKYO (Reuters) - Asian shares and the euro eased on Tuesday, with a relief rally from last week's heavy selling faltering quickly as a surge in Spanish borrowing costs added to simmering worries about Europe's debt restructuring challenges.Full story
SINGAPORE (Reuters) - Gold inched down on Tuesday, after attempts to breach the resistance at $1,580 an ounce stalled as Spain's deepening crisis rekindled worries about euro zone finances, sending the single currency to near its two-year low against the dollar. Full story
LONDON (Reuters) - A rush by hedge funds to go short of troubled Bankia in recent months has been stymied by a shortage of stock, limiting their gains from the Spanish bank's collapsing share price. Full story
CNBC's Simon Hobbs reports European markets closed mixed amid growing concerns over Greece's debt, and CNBC's Michelle Caruso-Cabrera has details on Spain's Bankia asking for more financial aid.
CNBC's Rick Santelli and Mark Grant, Southwest Securities, discuss achieving budgetary discipline in the EU, and Spain's growing debt issues.
On the streets of Madrid, they have a message for the leaders meeting in Brussels: stop cutting and start promoting growth. For them, the Spanish government decision to recapitalise Bankia, the country’s fourth largest lender, while reducing education spending by 20 per cent, was the last straw.
Greece and Spain's growing debt problems could become the next big blow to the European markets, as rating agency Egan-Jones downgrades Spain's debt rating into junk territory. Gemma Godfrey, Brooks Macdonald Asset Management, weighs in.
Paul Krugman, Nobel Prize-winning economist and columnist for The New York Times, talks with Ezra Klein about what's at stake in the "country run" that is threatening to destroy the Greek economy.
Fishermen hold a wooden case next to two Spanish Civil Guards as they prepare to leave the port of Algeciras to fish at Algeciras bay, in southern Spain May 28, 2012. Spain is set to defend the interests of its fishermen in talks with Britain on Tuesday over Gibraltar, after a series of recent clash
Ships are seen at Algeciras bay next to the entrance of Gibraltar port , in Gibraltar May 28, 2012. Spain is set to defend the interests of its fishermen in talks with Britain on Tuesday over Gibraltar, after a series of recent clashes in the waters around the UK outcrop. Gibraltar police were repo
Spanish fishermen wait on a fishing boat before leaving the port of Algeciras to fish at Algeciras bay, in southern Spain May 28, 2012. Spain is set to defend the interests of its fishermen in talks with Britain on Tuesday over Gibraltar, after a series of recent clashes in the waters around the UK
A Spanish fishing boat leaves the port of Algeciras to fish at Algeciras bay, in southern Spain May 28, 2012. Spain is set to defend the interests of its fishermen in talks with Britain on Tuesday over Gibraltar, after a series of recent clashes in the waters around the UK outcrop. Gibraltar police
