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:
MADRID (Reuters) - More than six million Spaniards were out of work in the first quarter of this year, raising the jobless rate in the euro zone's fourth biggest economy to 27.2 percent, the highest since records began in the 1970s. The huge sums poured into the global financial system by major central banks have eased bond market pressure on Spain, but the cuts Madrid has made in spending to regain investors' confidence have left it deep in recession.
Portugal's borrowing costs hit record highs on Thursday after it missed key targets on balancing its strained public finances, stoking fears an international debt rescue may be the only way out.Official figures showed the country's public deficit stood at 8.6 percent of Gross Domestic Product last year, well above the 7.3 percent government objective and way above the EU ceiling of 3.0 percent.