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Spain announced new austerity plans and the results of bank stress tests in a bid to convince international lenders and investors that it can control its finances
Stress tests' findings will help Spain decide how much money it will tap from a 100B euro loan facility to prop up its financial sector
Investors await more news out of Spain, including stress test results into 14 banks that are due after European markets close
The latest round of belt-tightening comes as economies across Europe get weaker and public resentment toward austerity grows stronger
Police clashed with protesters in central Athens after an anti-government rally called as part of a general strike in Greece turned violent
Investor optimism was shored up Friday by hopes that Spain was negotiating with its partners in the eurozone on a new economic reform program
Politicians have had trouble agreeing on the details of the package, which is expected to include more salary and pension cuts
Analysts say that if Spain doesn't request a bailout soon, it's only a matter of time before its borrowing costs rise to unhealthy levels again
Investors are worried about the global growth outlook and Spain's apparent delay in accepting a financial aid package
Greece and its ability to stick to its bailout terms will be one of the main topics of discussion as finance ministers meet in Cyprus
Germany's highest court rejected calls to block Europe's permanent rescue fund, removing another uncertainty from efforts to solve the debt crisis
Constitutional court rejects request to block key German participation in permanent, taxpayer-backed eurozone rescue fund
Court will rule Wednesday on a request to block the country's approval of the eurozone's permanent bailout fund
German government expresses confidence that constitutional court will bless European Stability Mechanism
Inspectors are "evaluating" Greece's proposals for the $14.6 billion austerity package for 2013-14
The last time the stock market was this high, the Great Recession was just getting started and stocks were pointed toward a head-first descent
Rajoy refused to say whether Spain would tap the ECB bond-buying program, but did give a nod to Germany's demands for fiscal discipline
The Dow soared 244 points to close at 13,292 - the highest since December 2007. Anthony Mason reports on what's driving the stock prices so high.
European Central Bank President Mario Draghi says program will have no set limit and be a "fully effective backstop"
European Central Bank leaves its benchmark interest rate unchanged at 0.75 percent, holding off on further stimulus for the slowing eurozone economy
Spain's government is under pressure to accept a sovereign bailout for its public finances that could come with conditions that would mean more economic pain
Organization for Economic Cooperation and Development says even Germany could slip into recession by the end of the year
Government will inject another $7.5 billion into its bank rescue fund to cope with growing problems in its financial sector
At the end of the second quarter, country reached the European Union's highest unemployment rate at 24.6 percent
Finance minister also insisted no additional austerity measures will be needed to meet the government's deficit-reduction target
