Europe

Spain ^New
Just last year, alarm bells began ringing loud and clear in Spain when the Bank of Spain rushed to rescue Caja Castilla la Mancha with a €9 billion bailout. It marked the beginning of what has been a turbulent period for Spain’s traditional savings banks, known as cajas de ahorro.

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Europe ^New
Economic activity in the Euro-zone virtually came to a standstill in the fourth quarter of 2009, as Gross Domestic Product (GDP) in the 16-member bloc as well as the 27-member European Union (EU), expanded by 0.1% compared to a 0.4% growth in the previous quarter.
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France ^Updated
The global economic crisis reverberated through France, with GDP declining at a steep rate towards the end of 2008. Economic growth for the year 2008 as a whole has slowed down significantly to 0.4% compared to 2.3% in 2007.
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Germany
The German economy, Euro-zone’s erstwhile growth driver, has encountered its worst recession in the post-World War II era. As the ripples of the global financial crisis take effect, domestic consumption and investment demand have diminished significantly.
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Denmark
The Kingdom of Denmark is the southernmost and the smallest of the Scandinavian countries and borders the Baltic and the North Sea. Denmark was one of the first European colonial powers controlling Iceland, Greenland and parts of Asia and Africa.
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United Kingdom ^Updated
The U.K. economy entered into recession for the first time since 1991 in the fourth quarter of 2008, with its GDP shrinking a hefty 1.5%, following a 0.6% contraction in the previous quarter. Economic growth slowed down substantially to 0.7% in 2008 after a 2.6% expansion in 2007. 
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