Spain's fourth biggest bank, Bankia says * government for around 24 billion dollars in what would be the largest bank bailout in Spanish history. In a statement the struggling lender said would ask Spain's bank restruction fund for a capital increase. Bright in announcement, the Spanish market suspended trade in the bank's plan in shares. Spain's banking industry is seen as a major raise for the Euro zone. It feed the Spanish government might have to ask for international A to property's lenders. 

Greece's upcoming election ease when heavily on the country stockmarket. The Greek market has closed at historical low overnight, the index closed at low the level of 500 points for the first time since 1989. Analysts had predicted the period of uncertainty in the Greek market leading up the next election on June 17th. Greece fail to form a government following in junior vote earlier this month.