Spanish PM says he’s focused on euro, Spain’s interests
September 3rd, 2012 - 11:19 am ICT by IANS
Madrid, Sep 3 (IANS/EFE) Spain's negotiations within the European Union have focused on measures "that benefit the general interests of the euro and those of Spain at every specific moment" ... Read more...
Posted in Business |
Spanish government approves `bad bank’ for toxic assets
September 1st, 2012 - 3:07 pm ICT by IANS
Madrid, Sep 1 (IANS/EFE) Spain's government has approved a new financial sector overhaul required by Brussels as a part of a bank-rescue programme, creating an asset-management agency - or "bad ... Read more...
Posted in Business |
Spain’s unemployment rate edges up
July 28th, 2012 - 12:24 pm ICT by IANS
Madrid, July 28 (IANS/EFE) Spain's economic crisis continued to take its toll on employment in the second quarter, with the jobless rate edging up to 24.6 percent overall and more ... Read more...
Posted in Business |
Spain’s policy will create jobs: Germany
July 23rd, 2012 - 11:33 am ICT by IANS
Palma (Spain), July 23 (IANS/EFE) German Foreign Minister Guido Westerwelle has expressed his support for the economic policy of Spain's Mariano Rajoy government, because, though it will be "very hard ... Read more...
Posted in Business |
15 arrested in anti-austerity protests in Spain
July 21st, 2012 - 11:10 am ICT by IANS
Madrid, July 21 (IANS/EFE) Fifteen people were arrested and 16 sent to hospitals with minor injuries as a result of clashes that followed an anti-austerity protest in the Spanish capital.Similar ... Read more...
Posted in Business |
Spain’s risk premium hits euro-era record
July 20th, 2012 - 12:20 pm ICT by IANS
Madrid, July 20 (IANS/EFE) Pressure on Spain's debt markets briefly sent the yield on the country's benchmark 10-year bond above 7 percent Thursday and caused the Iberian nation's risk premium ... Read more...
Posted in Business |
Spanish royals cut their own pay
July 18th, 2012 - 11:51 am ICT by IANS
Madrid, July 18 (IANS/EFE) Spain's King Juan Carlos decided to cut his salary and that of Crown Prince Felipe by 7.1 percent in line with government-mandated reductions in pay for ... Read more...
Posted in Business |
Pay cut spurs more protests by Spanish public employees
July 17th, 2012 - 12:33 pm ICT by IANS
Madrid, July 17 (IANS/EFE) Protests by public employees against the Spanish government's decision to cut their pay as part of a new austerity package continued here Monday.Prime Minister Mariano Rajoy's ... Read more...
Posted in Business |
Spanish government approves austerity package
July 14th, 2012 - 1:01 pm ICT by IANS
Madrid, July 14 (IANS/EFE) Spain's conservative Popular Party government has approved a new austerity package, its fourth in seven months, saying the measures it contains are justified by the country's ... Read more...
Posted in Business |
Spain to trim another $80 bn with new austerity measures
July 12th, 2012 - 12:41 pm ICT by IANS
Madrid, July 12 (IANS/EFE) Spanish Prime Minister Mariano Rajoy announced Wednesday the fourth austerity package of his seven-month-old administration, a move aimed at achieving 65 billion euros ($80 billion) in ... Read more...
Posted in Business |
Finland expects tough loan collateral talks with Spain
July 6th, 2012 - 12:07 pm ICT by IANS
Berlin, July 6 (IANS/EFE) Finland's finance minister said she expects "long and difficult" talks with Spain on the collateral to be offered to the Nordic country in exchange for aid ... Read more...
Posted in Business |
Spain wins Euro 2012 final, smashing Italy 4-0 (Lead)
July 2nd, 2012 - 9:48 am ICT by IANS
Kiev, July 2 (IANS/EFE) Spain won the Euro 2012 championship here Sunday, trouncing a valiant, but outmatched, Italy 4-0.The victory makes Spain the first team in history to win ... Read more...
Posted in Uncategorized |
EU needs fiscal, bank integration: Spanish PM
June 6th, 2012 - 12:06 pm ICT by IANS
Madrid, June 6 (IANS/EFE) The European Union should move toward fiscal and banking integration, said Spanish Prime Minister Mariano Rajoy.Rajoy also said that the EU should make clear that the ... Read more...
Posted in Business |
Spanish, Chinese firms sign deals valued at $626 mn
May 25th, 2012 - 12:29 pm ICT by IANS
Madrid, May 25 (IANS/EFE) Spanish and Chinese companies have signed five cooperation agreements and nine sales contracts for Spanish goods being bought by the Asian giant valued at around 500 ... Read more...
Posted in Business |
Thousands protest in Spain to defend health care, education
April 30th, 2012 - 12:30 pm ICT by IANS
Madrid, April 30 (IANS/EFE) Thousands of people turned out Sunday in cities all over Spain to defend health care and education and to express their rejection of the government's plans ... Read more...
Posted in Politics |
Spanish jobless rate climbs above 24 percent
April 28th, 2012 - 12:28 pm ICT by IANS
Madrid, April 28 (IANS/EFE) The ranks of Spain's unemployed expanded by nearly 366,000 in the first quarter to a record 5.63 million, or 24.44 percent of the workforce, the government ... Read more...
Posted in Business |
S&P; cuts Spain rating
April 27th, 2012 - 12:57 pm ICT by IANS
New York, April 27 (IANS/EFE) Standard & Poor's Thursday reduced its long-term sovereign credit rating on Spain by two notches to BBB+ from A, expressing concern about the country's ... Read more...
Posted in Business |
Spain on course to meet deficit target: Minister
April 25th, 2012 - 1:59 pm ICT by IANS
Madrid, April 25 (IANS) Spain was on course to meet its deficit cutting target, despite a year-on-year increase in the deficit-to-GDP ratio in the first quarter of 2012, said Treasury ... Read more...
Posted in Business |
Spain marks bicentennial of its first constitution
March 20th, 2012 - 11:19 am ICT by IANS
Cadiz (Spain), March 20 (IANS/EFE) King Juan Carlos called Monday for a revival of the "spirit of harmony" and "civic commitment" of the parliament that met in this southern city ... Read more...
Posted in Politics |
Spanish government prods banks to modify mortgages
March 11th, 2012 - 12:13 pm ICT by IANS
Madrid, March 11 (IANS/EFE) Spanish banks that voluntarily sign on to a newly approved code of good practices will be required to restructure the mortgage debts of certain distressed borrowers ... Read more...
Posted in Business |
Spain faces recession, growing unemployment in 2012
March 3rd, 2012 - 11:53 am ICT by IANS
Madrid, March 3 (IANS/EFE) Spain's gross domestic product will shrink 1.7 percent this year and the jobless rate will climb to 24.3 percent, the government said Friday.Those are the assumptions ... Read more...
Posted in Business |
Much to be done to overcome economic crisis: Spanish PM
February 20th, 2012 - 11:53 am ICT by IANS
Seville (Spain), Feb 20 (IANS/EFE) Spanish Prime Minister Mariano Rajoy has warned about the "hard road" that remains to be travelled before the economic crisis can be overcome.He delivered the ... Read more...
Posted in Business |
Spanish banks’ bad loans ratio highest since 1994
February 18th, 2012 - 12:43 pm ICT by IANS
Madrid, Feb 18 (IANS/EFE) Spanish banks' ratio of non-performing loans to total loans came in at 7.61 percent last year, the highest percentage since 1994.According to provisional data published Friday ... Read more...
Posted in Uncategorized |
Spain unveils new rules to shore up banking sector
February 3rd, 2012 - 12:03 pm ICT by IANS
Madrid, Feb 3 (IANS/EFE) The government has outlined a programme aimed at shoring up Spain's ailing financial sector.The goal of the overhaul is to achieve in short order a healthier ... Read more...
Posted in Business |
Spanish economy expected to shrink in 2012
January 24th, 2012 - 2:42 pm ICT by IANS
Madrid, Jan 24 (IANS/EFE) The Spanish economy will contract 1.5 percent and unemployment will climb to 23.4 percent, the country's central bank said Monday.While predicting a "modest recovery" in 2013, ... Read more...
Posted in Business |
Spanish king confers highest honour on Sarkozy
January 17th, 2012 - 6:16 pm ICT by IANS
Madrid, Jan 17 (IANS/EFE) Spain's King Juan Carlos has conferred the Order of the Golden Fleece on French President Nicolas Sarkozy, and praised him for his efforts against terrorist group ... Read more...
Posted in Uncategorized |
Sarkozy set to meet Spanish PM after S&P; downgrade
January 16th, 2012 - 1:45 pm ICT by IANS
Madrid, Jan 16 (IANS) French President Nicolas Sarkozy will visit Spain and meet Spanish Prime Minister Mariano Rajoy Monday, according to Spanish government.Sarkozy is the first foreign leader to visit ... Read more...
Posted in World |
Spanish debt auction attracts strong demand
January 13th, 2012 - 3:33 pm ICT by IANS
Madrid, Jan 13 (IANS/EFE) Spain's Treasury sold nearly 10 billion euros ($12.8 billion) in debt Thursday at lower yields than previous auctions, raising nearly double the target amount for the ... Read more...
Posted in Business |
Madrid’s first woman mayor takes office
December 28th, 2011 - 11:24 am ICT by IANS
Madrid, Dec 28 (IANS/EFE) Ana Botella, the wife of former Spanish prime minister Jose Maria Aznar, was sworn-in Tuesday as Madrid's first woman mayor.She succeeds Alberto Ruiz-Gallardon, mayor of the ... Read more...
Posted in Politics |
`Spanish economy contracting’
December 27th, 2011 - 12:06 pm ICT by IANS
Madrid, Dec 27 (IANS/EFE) Spain's new economy minister said Monday that the nation's economy will post negative growth in the fourth quarter of this year and the first three months ... Read more...
Posted in Business |
Spanish budget deficit falls
December 21st, 2011 - 1:18 pm ICT by IANS
Madrid, Dec 21 (IANS) The Spanish budget deficit stood at 4.8 percent of the country's gross domestic product (GDP) by the end of November, down by 4.9 percent as against ... Read more...
Posted in Business |
Spain’s PM-elect vows to slash deficit, boost pensions
December 20th, 2011 - 3:12 pm ICT by IANS
Madrid, Dec 20 (IANS/EFE) Spanish Prime Minister-elect Mariano Rajoy Monday unveiled the general policies of his government, including reducing the public deficit by 16.5 billion euros ($21.4 billion) in 2012 ... Read more...
Posted in Politics |
Spain’s incoming PM warns of unpleasant economic measures
December 16th, 2011 - 2:00 pm ICT by IANS
Madrid, Dec 16 (IANS) Incoming Spanish Prime Minister Mariano Rajoy has said the measures his government plans to undertake will not be "pleasant".
Rajoy made the remark Thursday after his ... Read more...
Posted in Politics |
Spain’s king warns of hard times to come
December 14th, 2011 - 11:35 am ICT by IANS
Madrid, Dec 14 (IANS/EFE) Spain's King Juan Carlos said Tuesday that his country is facing "very hard times", calling on Spaniards to "win the battle" against high unemployment and consolidate ... Read more...
Posted in Business |
Markets hammer Spanish bonds
August 3rd, 2011 - 1:20 pm ICT by IANS
Madrid, Aug 3 (IANS/EFE) Prime Minister Jose Luis Rodriguez Zapatero decided to postpone his summer break after the risk premium on Spanish government bonds climbed to a record 400 basis ... Read more...
Posted in Business |