Europe's Financial/Debt Crisis Escalates

Euro-Zone Debt Crisis Escalates -- Wall Street Journal

BERLIN—The euro zone's sovereign debt crisis escalated Friday as the market homed in on Spain as another potential weak spot, leaving officials scrambling to quell investors' fears.

Spanish Prime Minister Jose Luis Rodriguez Zapatero moved to dispel the growing anxiety surrounding the country's fiscal position Friday, saying there was "absolutely" no chance the euro zone's fourth-largest economy would seek a bailout from the European Union. But his attempt to calm the markets had little effect, with the euro tumbling and the selloff in Spanish and Portuguese sovereign bonds continuing.

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More News On Europe's Financial/Debt Crisis

Europe struggling to contain debt turmoil -- Yahoo News/AP
Debt fears pound single currency -- Financial Times
European Stocks Decline The Most in Eight Weeks; Bank of Ireland Plunges -- Bloomberg
EU rescue costs start to threaten Germany itself -- The Telegraph
Portugal adopts austerity, says no bailout needed -- Yahoo News/AP
Portugal Approves Austerity Budget -- New York Times
Spain and Portugal take center stage -- CNN
Spain Depends on Budget Cuts to Stem Contagion by Luring Local Bond Buyers -- Bloomberg
Irish Relief Fleeting as `Day of Reckoning' Nears -- Bloomberg
Irish bond yields hit euro-era high, banks sink -- Myway/AP
Ireland under pressure, Bunds hit by cost concerns -- Reuters
Voters hammer Irish government -- Yahoo News/Reuters
France, Germany Agree to Set New Strategies to Fight Euro Debt Crisis -- Trend
Analysts, Investors Start Pondering Euro Breakup -- Wall Street Journal
Worst of times, best of times: tale of two Irelands -- Yahoo News/Reuters
Bracing for Bailouts: Which EU Problem Child Will Be Next? -- Spiegel Online
Next Debt Crisis May Start in Washington: Bair -- CNBC