Spain borrowing costs dip despite Cyprus crisis

MADRID: Spain's borrowing costs dipped in a bond auction Thursday, easing concerns that a feared banking meltdown in Cyprus could scare investors away from other troubled eurozone states.

Spanish Scare Roils Europe Markets

Spain's borrowing costs rose and its stock market fell sharply on the eve of Madrid's announcement of new austerity measures, putting the shaky economy again at the center of Europe's race to preserve its currency union.

Global shares retreat on growth, euro zone woes

LONDON (Reuters) - Global stock, bond and commodity markets saw investors selling riskier assets on Friday, as they scaled back expectations of strong stimulus from the U.S. Federal Reserve and fretted about the euro zone's debt troubles and widespread economic weakness.

Merkel open to idea of European banking union

BERLIN (AP) — German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to the continent's financial crisis.