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Tag: Europe

Eurocrisis Continues as Spanish banks are Bailed Out

In what has been viewed as a major part of the rescue of the Spanish economy, Europe finally handed over the money to bail out Spain’s ailing banks, giving out billions of euros in exchange for a sweeping series of cuts and restructuring throughout the banks’ businesses. The bank that’s been grabbing most headlines due […]

Santander Credit Rating Downgraded

The Spanish bank, Santander has had its credit rating downgraded today by the ratings agency Standard and Poors. The bank was one of eleven to be downgraded; just a week after Spain itself had its credit rating lowered to BBB+. The lowering of Spain’s credit rating was in response to the country’s financial turmoil. This […]

Holidaymakers Told To Buy Euros Now As Pound Soars

British holidaymakers who are planning on taking a holiday in Europe have been advised to buy their euros now. The pound against the euro has hit a 20 month high price which could benefit Brits heading to Europe on their holidays. The exchange rate for sterling to euro transfers has risen 2.7% since the start […]