Relief at Spain bailout package proves short-lived

LONDON — Cyprus’ bailout deal is the fifth agreed on so far in the 17-strong group of European Union countries that use the euro since the debt crisis began in late 2009. Here’s a look at the rescue programs:

Inquiring minds are reading "Towards a Genuine Economic and Monetary Union" by the gang of four nannycrats: European commission president Herman Van Rompuy, ECB president Mario Draghi,  José Manuel Barroso of the European commission, and Jean-Claude Juncker, the leader of the 17-country eurogroup. Don't expect any details. There aren't any. Instead the document consists of a wish list wrapped in a wordy package that says virtually nothing.

Conservative Nicos Anastasiades will face leftwing independent after failing to sec

Inquiring minds are watching economic activity in Slovenia following an official denial regarding bailout possibilities as noted in Slovenia Rules Out Bailout; Translation: "Slovenia Bailout Coming Right Up" Slovenia Unemployment and Youth Unemployment

NICOSIA — Cyprus was just hours away from a deal on Friday to raise billions of euros and unlock a bailout from the European Union that could avert financial meltdown and exit from the euro, its ruling party said. There is cautious optimism that in the next few hours we may be able to reach an agreed platform The remarks from the deputy leader came after Moscow had rebuffed requests from Nicosia for assistance to save Cypriot banks in which Russians have billions of euros at risk.

Europe’s common currency strengthened on Monday as investors sighed a breath of relief after eurozone finance ministers offered a €100 billion rescue package to Spain’s struggling banking sector.

  After markets closed on Friday, it was announced that Cyprus worked out a deal with the European Central Bank, European Commission, and the International Monetary Fund (“the Troika”). Here is a typical article reporting on the story.