brussels

Markets Nervous as Eurozone Finance Ministers Meet on Greece

Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. In addition, an election in Spain's Catalonia region that saw separatists gain ground is also adding to global investor worries.

Eurozone OKs Terms of Bailout for Spanish Banks

Finance ministers from the 17 countries that use the euro have approved the terms for a bailout loan for Spanish banks. The first 30 billion euros of up to 100 billion euros in loans will be disbursed this month.

Spanish Government Unveils Nearly $80 Billion Austerity Plan

A day after winning EU approval for a huge bank bailout, Spain's government imposed further austerity on the country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving $79.85 billion off the state budget over the next two and a half years.

NYSE Merger with Deutsche Boerse Blocked by EU

The EU has blocked the Deutsche Boerse's planned merger with NYSE Euronext, a deal that would have created the world's largest financial exchange operator, because the venture would have had a near-monopoly in the trading of European derivatives.