![]() Globe and Mail |
Issue brief: Global finance
CBS News The Electoral Issue: The European Union's monetary union is threatened by the debt crisis in countries like Greece, Italy, and Spain. If those countries collapse, European banks which hold their bonds would suffer huge losses, causing economic turmoil … Moody's says Spain's banks need more UPDATE 5-Spain debt rises on aid to banks, regions, finance cost Spain debt rises on aid to banks, regions, finance cost |