Germany's borrowing costs fell to fresh record lows at an auction Wednesday as the prospect of new elections in Greece and the cash-strapped country's possible exit from the euro zone sparked an investor flight to safety.

WSJ: European Stocks Post Small Losses

Real currently top Spain's La Liga ahead of arch-rivals Barcelona, but their exit from the Champions League mirrors a humiliating defeat to third-flight Alcorcon in the Copa del Rey earlier this season, with Pellegrini again placed in the spotlight.

CNN: Real give vote of confidence to Pellegrini