Economy

Prime Minister Rajoy has lost credibility since his election seven months ago.

Stocks and bonds move higher after Moodys cuts its ratings on 15 global banks.

Stocks and bonds move higher after Moodys cuts its ratings on 15 global banks.

Credit Suisse rating lowered three notches, Morgan Stanley by two.

Credit Suisse rating lowered three notches, Morgan Stanley by two.

German chancellor opposes proposal to use bailout funds to buy indebted nations bonds.