Global shares, euro jump as EU aids Spanish banks

TOKYO (Reuters) - Shares, commodities and the battered euro jumped on Monday after euro zone finance ministers agreed to lend Spain up to $125 billion to shore up its struggling banks, relieving markets that had feared for the country's fiscal collapse. The relief may be short lived though as investors look forward to Greek national elections on June 17 that could lay the path for Athens to leave the bloc and precipitate a deeper crisis over the future of the euro. The euro rose nearly 1 percent to $1.26694 on Monday, its highest level since May 23. ...

View the Entire Article