Spain cuts pay for rescued bank bosses The Guardian | Rajoy government cuts Bankia boss's pay by 75% to €600,000, while nationalised banks' chiefs will be limited to half of that Spain's prime minister, Mariano Rajoy. The salary move is part of a round of banking reforms that saw Spanish banks ordered to put aside €50bn for bad loans. Photograph:...
Spain approves tough labour market reforms France24 | AFP - Spain's right-leaning government slashed employees' maximum severance pay in a sweeping labour reform unveiled Friday to confront a near 23-percent unemployment rate. | Severance pay falls to a maximum of 33 days' salary for each year of employment from the previous level of 45 days, Employm...
European Union 'Very Likely' To Impose Sanctions Against Spain: Official Huffington Post | * Sanctions against Spain "very likely" - EU officials | * Delay in 2012 budget bad for confidence | * Labour and financial reforms not enough | * Spain could still win respite on deficit, softer targets | By Julien Toyer and Paul Day | BRUSSELS/MA...
Italy, Spain debt costs fall Independent online Italy's three-year borrowing costs hit their lowest since March at an auction on Tuesday, with an overnight sovereign rating cut having little impact as cheap ECB loans continued to support demand and ease its path towards an ambitious refinancing go...
Italy, Spain, Greece rates fall despite Moody's blow Jakarta Globe Italy, Spain and even Greece managed to raise fresh funds at lower borrowing rates Tuesday in spite of Moody's sovereign debt downgrades and Athens' battle to avert bankruptcy. | Italy and Spain, the eurozone's third- and fourth-biggest economies, lu...
EU to punish Spain for deficits, inaction Independent online The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation told Reuters. | A final decision still has to b...
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Airline Spanair ceases trading Irish Times | Passengers were stranded at Spanish airports today after airline Spanair abruptly went bust, cancelling all its future flights at half an hour's notice. | "Faced with the lack of...
Deadlock in Davos as pressure on Greece rises The Independent | The move to make Greece hand over control of budgetary policy as the price for agreeing a €130bn rescue package would represent a humiliating blow to Greece's hopes of controll...
World recession a danger, warns IMF The Independent | "The world recovery, which was weak in the first place, is in danger of stalling," said the fund's chief economist, Olivier Blanchard, in Washington. | The IMF hacked b...
Spain cuts pay for rescued bank bosses The Guardian | Rajoy government cuts Bankia boss's pay by 75% to €600,000, while nationalised banks' chiefs will be limited to half of that Spain's prime minister, Mariano Rajoy. The salary move is part of a round of banking reforms that saw Spanish banks order...
Spain approves tough labour market reforms France24 | AFP - Spain's right-leaning government slashed employees' maximum severance pay in a sweeping labour reform unveiled Friday to confront a near 23-percent unemployment rate. | Severance pay falls to a maximum of 33 days' salary for each year of empl...
Cristiano Ronaldo nets Real Madrid's 4000th La Liga goal at the Santiago Bernabeu in victory ... Goal The Portuguese attacker cements his legendary status at the club as he celebrates a major milestone in Madrid's history with another world class display | Bet: £5 £10 £20 £50 £100 Returns: Real Madrid £10.80 Draw £95.00 Racing £260.00 Bet: £5 £10 £20 £50 £100 Returns: Real Madrid ...
Kings of Europe - Barcelona & Real Madrid look set to rule the roost both ... Goal The Spanish giants top the Deloitte money list once again and are widening the gap on their continental rivals, making a period of domination inevitable over the next 10 years | Bet: £5 £10 £20 £50 £100 Returns: Leverkusen £70.00 Draw £42.00 Barcelona £14.00 Bet: £5 £10 £20 £50 £100 R...
