Spain bailout 2012 6 11

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Greece watches closely as Spain plays hardball over an EU rescue

Spain’s 100 billion euro lifeline provokes envy in Greece ahead of this weekend’s pivotal election.

Bankia has record loss of 19.2 billion euros in 2012

Spain's Bankia — formed during the merger of seven failing savings banks — has recorded a loss of 19.2 billion euros, the biggest in Spanish history.

A statue stands at the Kio Towers, headquarters of Bankia in Plaza de Castilla on June 9, 2012 in Madrid, Spain. Prime Minister Mariano Rajoy agreed with euro members Saturday on a 100 billion euro ($125 billion) infusion of capital for Spain’s financial sector.

Pablo Blazquez Dominguez

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