LONDON (AP) — The weekend plan to rescue Spain’s ailing banks was supposed to boost confidence in Spain and the other 16 countries that use the euro. The skeptics said it would only provide temporary relief for the markets. In the end, it barely even did that.

Stocks and bonds surged in the first hour of trading on Monday, a knee-jerk reaction to the weekend news that Spain would funnel to banks up to €100 billion ($124.7 billion) in loans from its euro partners. But hours later, stock prices were back down, government borrowing costs up and bad economic news piled up across Europe.