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Spanish and eu flags

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Moody's ratings agency downgrades Spain
Moody’s slashed Spain’s credit rating to just above junk status and placed it on review for a possible further downgrade.
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Spain formally applies for a bank bailout of up to EUR100BN
Spanish Economy Minister Luis de Guindos asked the European Union for up to 100 billion euros ($125 billion).
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Alfredo Saenz, Banco Santander CEO, resigns
The CEO of Banco Santander SA, the largest bank in the eurozone by market value, resigned today after past legal trouble stirred up controversy.
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Spanish and eu flags

The Spanish and European Union flags blow together in the wind in Madrid, Spain.

Pablo Blazquez Dominguez
Getty Images