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Moody’s ratings agency downgrades Spain

Moody’s slashed Spain’s credit rating to just above junk status and placed it on review for a possible further downgrade.

Spain capital flight doubles as risk of European bailout rises

Spain is playing a high-stakes game of chicken with the European Union, using to its advantage the likelihood that it will drag Europe and the rest of the world into a downward economic spiral if it doesn’t get the funds it needs to keep its banks afloat.

Spanish regulator suspends trading in Bankia shares

Shares in Bankia, Spain’s fourth largest bank, were suspended today — two days after the Spanish government said it would fully nationalize the troubled lender.