Spain continues to slide deeper into recession. Economic output fell by 0.7 percent on the same period in 2011. It's the steepest decline in three years. Spending cuts and tax hikes are putting the brakes on growth.
The Turkish economy is in turmoil as fears over an ongoing currency and debt crisis grow. While the problem is being billed in some quarters as a primarily domestic one, concerns of wider contagion abound.
Spanish Prime Minister Pedro Sanchez's political allies have pulled their support for his budget proposals. The move casts doubt over the future of Spain's new government which was sworn in just two months ago.
The Spanish parliament has voted in favor of a no-confidence motion against Prime Minister Mariano Rajoy over a funding scandal. His likely successor is the man who eventually brought him down.
Prime Minister Mariano Rajoy has fended off calls to resign as Spain's parliamentary debate heads for a no-confidence vote. The Socialist opposition hopeful Pedro Sanchez is pitching to Catalan and Basque nationalists.
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