MADRID/LISBON (Reuters) -A huge power outage brought parts of Spain and Portugal to a standstill on Monday, grounding planes, halting public transport, causing panic buying and leaving the two countries scrambling to restore power to millions of homes and businesses.

A major power outage in Spain and Portugal has knocked out subway networks, traffic signals and ATMs. Spanish power distributor Red Eléctrica said resto

Several airports, including Madrid airport, which is Spain's busiest, had no electricity, El Mundo reported. Major cities including Barcelona, Seville and Valencia were without power. Parts of France were also affected by power loss.