The International Monetary Fund Managing Director Christine Lagarde has told CNN that action to save the euro is needed in “more shortly than three months.”
“The construction of the eurozone has taken time,” she said, “and it’s a work in construction at the moment.”
George Osborne brands the Spanish bail-out as 'depressing' as the Government began paying more to borrow money than ever before.
Andreas Dombret, a board member of the Bundesbank, explains in a rare interview Germany's tough stance over euro crisis solutions.
With 18 of Spain's banks downgraded and the country's cost of borrowing rising, it begs the question: did the bail out happen at all?