Europe bailout of Spain could cost $125 billion
MADRID — Spain became the fourth and largest country Saturday to ask Europe to rescue its failing banks, a bailout of up to €100 billion ($125 billion) that leaders hoped would stabilize a financial crisis that threatens to break apart the 17-country eurozone.
The rescue offer follows growing pressure from international investors and the Obama administration and comes a week before elections in Greece, whose voters could decide whether the country leaves the euro.
AP Photo/Andres Kudacki
Spain's Economy Minister Luis de Guindos gestures during a news conference at the Minist...