Rajoy calls for “break in link between bank debt and sovereign debt”
Prime minister makes request at G20, government sources say Eurogroup likely to reject idea, according to EU sources
Prime minister makes request at G20, government sources say Eurogroup likely to reject idea, according to EU sources
IMF, Brussels and the ECB to oversee restructuring of country’s financial sector

The refusal of Greek voters to accept Brussels' austerity measures are in danger of creating two opposing blocs within the EU, led by Germany and France

ECB to help with valuation of bank real estate assets De Guindos rules out need for restrictions on financial outflows
EC expects recession to extend into next year
Hollande’s anti-austerity rhetoric puts EU pact on front burner as growth summit announced for May 23
Spanish firm says it respects sovereign decision if government adheres to international law Bolivian unit accounts for only 1.5 percent of Red Eléctrica’s revenues
But ECB chief cool on reviving bond purchases
Commission fears that restructuring underway will fall short Domestic funding options limited by Madrid's austerity drive
European Commission fearful of fresh euro crisis as risk premium widens
Added five-billion trim will take place at central government level Montoro says administration will “give up on spending projects” to meet new targets

Government fears 4.4 percent goal for 2012 would deepen the economic crisis
Commissioner says it is “premature” to question Madrid’s figures Brussels calls for quick action on Spanish budget