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:
LONDON: Government borrowing costs in Europe's indebted southern countries shot up on Monday as investors began to worry that a vote in Greece could see it become the first country to leave the euro currency bloc. Euro zone debt markets saw a glimpse of the contagion that spooked investors at the height of the debt crisis in 2012, but borrowing costs in Italy, Spain and Portugal were still less than half the levels seen back then.
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.