Bankia and other banks exposed to the property bust are seen as a major risk for Spain and for the entire euro currency zone. Reuters
Catalonia Demands A Bailout From Central Government -- The Telegraph
European stock markets tumbled and Spain's borrowing costs have shot up as the country's wealthiest autonomous region, Catalonia, calls for a bailout from central government to pay the bills.
"We don't care how they do it, but we need to make payments at the end of the month. Your economy can't recover if you can't pay your bills," said Catalan President Artur Mas.
The debt burden of Spain's 17 highly devolved regions and toxic property debt held by the country's banks are at the heart of the eurozone debt crisis because investors fear they could strain finances to the point that an international bailout is needed.
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More News On Spain's And Europe's Debt Crisis
Debt crisis: live -- The Telegraph
Eurozone crisis live: 'Battle lines' drawn over eurobonds -- The Guardian
Spain struggles to meet regions' 36 bln-euro debts -- Reuters
In Spain, Bank Transfers Reflect Broader Fears -- New York Times
Spain's banks in focus ahead of Bankia rescue plan -- MSNBC/Reuters
Spanish banking woes threaten Europe -- CNN
EU bank crises worsens as Bankia suspends stock -- CBS
As Euro Crisis Grows, IMF Helping EU Explore Alternatives To Euro Bonds -- Wall Street Journal
Euro zone may struggle with its own Lost Decade -- Reuters
Update: Merkel to unveil 'East German-style' rescue plan to solve Greece problem and save the single currency -- Daily Mail
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