The situation continues to get worse..
10:30am: The referendum could block Ireland from future bailout loans if voters reject the package of more stringent budget rules. More
7:53am: Stocks fall in Europe and Asia, the euro slips to a fresh two-year low against the dollar and Spain’s borrowing costs jump to six-month highs. More
May 25: A massive bailout of Spanish banks is on the way but it’s not clear Spain can afford it on its own, meaning it’s the latest problem for European leaders to deal with. More