Mario Draghi, president of the European Central Bank, criticises Spain for underestimating the problems faced by Bankia, the troubled nationalised bank.

Business correspondent Sarah Smith gives a numerical guide to just how bad the Euro-crisis looks in Spain.

Europe is threatened by an acute crisis in Spain's banking system and predictions seen by Channel 4 News suggest a 50 per cent fall in house prices could force Spain to seek an international bailout.

The FTSE 100 index opens 44 points down after Moody's cuts the credit ratings of 16 Spanish lenders, including the UK arm of Banco Santander.

The Spanish government denies that customers have withdrawn one billion euros from their accounts after shares in Spanish bank Bankia fall 25 per cent on Thursday as worries mount over its future.

Spain partially nationalised banking giant Bankia SA after concerns about its real estate exposure in a scenario reminiscent of the Irish crisis following the 2008 implosion of Lehman Bros.

With voters in Greece, France and Italy using elections to reject austerity, Channel 4 News looks at what happens next and whether a break-up of the eurozone is now on the cards.

Chelsea achieved a remarkable Champions League victory against Barcelona in the Nou Camp - but did the excitement deflect attention from the long-term decline of club football in this country?

Multi-millionaire fraudster Michael Brown could remain in Spain for at least six months while Spanish authorities organise his UK extradition hearing and any appeals, lawyers say.