Spanish Flu Moody's Casts Doubt on Euro Bailout Fund

It has been a bad week for the euro, and it's only Wednesday. Spanish bond yields are surging on fears that Madrid will need a full bailout, Moody's has cut the outlook for a euro bailout fund and EU officials say Greece is "hugely off track" with reforms. Not surprisingly, German businesses are worried.
Spanish civil servants protesting against austerity measures.

Spanish civil servants protesting against austerity measures.

Foto: SERGIO PEREZ/ REUTERS
cro -- with wire reports