Finland's foreign minister said the country is taking measures to prepare itself for a full-blown currency crisis in Europe.
The European Commission is set to lay out new plans today for a unified approach to tackling tax evasion across member states, including setting up a dedicated team of auditors.
Cyprus has told European authorities it intends to apply for a bailout, making the country the fifth eurozone country to request international aid.
Moody's Investors Service has downgraded the credit rating on 28 Spanish banks, including Banco Santander, less than a month after cutting the nation's sovereign rating.