Spanish banks don't need European rescue: PM France24 | AFP - Spanish Prime Minister Mariano Rajoy said he did not believe that Spain's banks would need rescuing by Europe. | "I don't think so," Rajoy told journalists on Saturday after arriving in Chicago to take part in a two-day NATO summit, expressing surprise after French President Francois Holland...
Obama: Eurozone 'must focus on jobs and growth' BBC News US President Barack Obama has said there is an "emerging consensus" that European countries must now focus on jobs and growth. | Speaking after the G8 summit of some of the world's leading economies, he said the US is confident that Europe can meet its challenges. | President Obama sa...
Obama: Eurozone 'must focus on jobs and growth' BBC News US President Barack Obama has said there is an "emerging consensus" that European countries must now focus on jobs and growth. | Speaking after the G8 summit of some of the world's leading economies, he said the US is confident that Eu...
Spain faces crisis of confidence Gulf News | Madrid: Spain's government faces a crisis of confidence from nervous investors after admitting late on Friday its 2011 public deficit was higher than it had previously reported due to adjusted accounts in three of its regions. | Spain revised its 2...
Greece, Spain weigh on shares Gulf News | Frankfurt: European stocks posted the biggest weekly drop since September as Greece moved closer to a possible exit from the euro and concern mounted that Spanish banks will need rescue. | A gauge of lenders slumped for the third week, as Banco Esp...
East Midlands Airport: Monarch to take over bmibaby routes BBC News Monarch Airlines has confirmed it will be taking over some routes to Portugal and Spain from East Midlands Airport, from bmibaby. | The budget airline will be grounded from September, with some routes being stopped from June after British Airways bou...
AP / Paul White
Moody's lowers rating of 16 Spanish banks Xinhua | MADRID, May 17 (Xinhua) -- Risk Qualification agency Moody's lowered its rating of 16 Spanish banks late on Thursday evening. | The move came after a difficult day on the stock m...
Spain borrowing costs set to rise amid Greece fears BBC News Spain's borrowing costs look set to spike on Thursday when the country's treasury sells up to 2.5bn euros (£2bn; $3.2bn) of three- and four-year sovereign bonds. | It co...
Thousands march in Europe, protest austerity measures Tulsa World At least 100,000 Spaniards angered by grim economic prospects and the political handling of the international financial crisis turned out for street demonstrations in the country's...
Markets bet against beleaguered Spain The Independent | The assault on the eurozone struggler came after the ratings agency Moody's cut its credit scores on 16 of the country's banks, citing concerns over their huge exposure to Spain's collapsed property market and Madrid's reduced creditworthiness. | T...
Rising level of bad loans adds to Spain's economic crisis Irish Times | JULIEN TOYER and JESÚS AGUADO | SPANISH BANKS' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector...
Spain stretched in trying to reach for the sun Gulf News | Alburquerque, Spain: When officials in Madrid slashed support for alternative-energy programmes this year as part of the campaign of government austerity sweeping Europe, ripples quickly hit this rural town with the cancellation of plans for a...
Obama: Eurozone 'must focus on jobs and growth' BBC News US President Barack Obama has said there is an "emerging consensus" that European countries must now focus on jobs and growth. | Speaking after the G8 summit of some of the world's leading economies, he said the US is confident that Europe can meet its challenges. | President Obama said leaders had made good progress on a range of is...
Spanish stocks focus of investor concern The Wichita Eagle | MADRID — The level of bad loans on the books of Spain's banks has risen to an 18-year high, the country's central banker reported Friday, increasing concern for the stability of Spain's financial sector and the country's place in the fragile eurozone economy. | The Bank of Spain reported Friday that lenders' and savings banks' bad loan rati...
