In order to make sure that Spain's banking system keeps on moving, the European Stability Mechanism has provided the country with an aid package worth 39.5 billion euros.

It was the second largest operation of the year in Spain against the child pornography industry, which has caused arrest of 28 people, a recent report has revealed. A first international operation had been carried out for child porn in February, which was dubbed `KOBEN'.

The regional government of Madrid, the Spanish capital, has decided to privatize the management of public medical centers as well as hospitals. On Sunday, thousands of health workers were seen protesting against the plans.

It seems that Spain has not been playing right cards, as that could be the reason that it has taken such steps to tackle loans, which have been keeping investors to remain at bay. Experts said that there are a number of questions that need answers, but it seems that Spain has no answers for them or has preferred to leave them unanswered.

Situation is becoming terrible for Greece with its unemployment levels climbing to a new record of 26 percent in September. Worst is the fact that Greece has topped Spain to become the highest in the euro area.

According to a recently-released report by security vendors Versafe and Check Point Software Technologies, an amount of approximately €36million ($47) million was stolen from European banking customers over the last one year; with the hackers using a new Zeus botnet version dubbed `Eurograbber.'

Germany will soon be seen as a state shareholder with France and Spain in the new ownership structure of the European aerospace and defense company EADS.

The announcement of the new ownership came from the company on Wednesday, in which, it confirmed Germany's joining to the panel of state shareholders even though the government's influence has shrink at the company.

Israel's recent announcements of withholding the transfer of tax revenue to the Palestinian Authority has sent the Israeli ambassador summon from not only the European Union but from several Western nations too like Britain, France, Spain, Sweden and Denmark, to express its concerns over settlement expansion plans.