Austerity to Increase as Spanish Recession Deepens

Spain’s recession worsened in the second quarter as consumer spending was battered by an austerity effort that is set to triple in scope through 2014 to tackle the euro area’s third-biggest budget deficit.

What's Feeding the Global Rally in Bank Stocks?
22:51 - Bloomberg Intelligence's Jonathan Tyce looks at the improving fundamentals behind banks as stocks of the biggest firms rally by nearly 25 percent in the past month. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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