Whatever short-term benefits government money had for Wall Street, the precedent has bad tidings for the economy's future
Nationalised Bankia and three others to shed 10,000 jobs in return for €37bn to clean out toxic real estate assets
Fifteen of the world's biggest banks downgraded hours after Spain admits its banks might need up to £50bn of bailout money
Lack of progress over Bankia rescue sent Spanish shares falling again
