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German Chancellor Angela Merkel has said she is open to establishing a  European banking authority as a long-term solution to the continent's  financial crisis. Her support as leader of the EU's biggest economy  could be crucial for the concept, which aims to strengthen the eurozone  and calm jittery markets.
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                    [Title] => Spain's Bankia asks for $24B in state aid
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Spain’s troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status.
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BANKIA S

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Spain’s troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status.
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abtest

Merkel open to idea of European banking union

June 5, 2012 - 8:59am

German Chancellor Angela Merkel has said she is open to establishing a European banking authority as a long-term solution to the continent's financial crisis. Her support as leader of the EU's biggest economy ...

Spain's Bankia asks for $24B in state aid

May 27, 2012 - 12:00am

Spain’s troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status.

Business