The Spanish official stock market index, the Ibex 35, at times dipped to its lowest level in nine years on Monday. (© AP/dapd)
Speculation over Greece's euro exit and Spain's precarious situation have caused turbulence in Europe's financial markets. The euro fell on Monday to its lowest level in two years, Spain's interest rates hit a record high, and risk premiums are also rising steeply in Italy. Commentators are baying for the ECB to buy up government bonds and decrying Berlin's blockade mentality in the deepening euro crisis.