Spain was battling last night to avert a fully-fledged sovereign rescue after borrowing costs spiralled out of control, with dangerous knock-on effects in Italy and Eastern Europe.
Louise Cooper, markets analyst at BGC Partners, has told Daybreak that Spain's large economy means that the cost of bailing out the country will run the hundreds of billions of euros.
More top news
The brother of Victoria Wood has launched an appeal to raise funds for a statue in the late comedian's honour.
Health professionals say that 16 people have been struck by the same strain as E.coli after eating blue cheese.
Tom Webb, 22, died after receiving a single stab wound to the chest on January 19 this year.