Posts Tagged ‘Spain’

Tens of thousands in Spain protest economic policy, corruption

MADRID (Reuters) – Tens of thousands of Spaniards marched through cities across the country on Saturday to protest deep austerity, the privatization of public services and political corruption. Gathering under the banner of the "Citizen Tide", students, doctors, unionists, young families and pensioners staged rowdy but non-violent demonstrations as a near five-year economic slump shows [...]

Spain grumbles as king’s son-in-law appears in court

PALMA DE MALLORCA, Spain (Reuters) – The Spanish king's son-in-law appeared before a judge on the island of Mallorca on Saturday to respond to charges of tax fraud in a six-million-euro embezzlement case that has eroded public support for the once-popular royal family. The scandal and other corruption cases in which politicians are accused of [...]

EU’s Rehn signals Spain might get more time to cut deficit

BRUSSELS (Reuters) – Spain has made an effort to cut its structural budget gap and the country’s economic growth turned out weaker than expected, EU Economic and Monetary Affairs Commissioner Olli Rehn said, signaling Madrid might get more time to cut its budget gap. “In the case of Spain, we have to take into account [...]

Canada push Spain to brink of shock Davis Cup exit

(Reuters) – Canada raced to a 2-0 lead over Spain in their Davis Cup world group first round tie on Friday, pushing the five-times champions to the brink of defeat and moving to within a doubles victory of a maiden win at this level. With top-ranked Spain missing big guns Rafa Nadal, David Ferrer and [...]

Exclusive: Catalonia complains to Brussels about unfair treatment by Spain

BRUSSELS (Reuters) – Debt-laden Catalonia has complained to Brussels that it is being unfairly treated by Spain's central government in the country's drive to cut its public deficit and avoid fiscal meltdown. In a January 25 letter to European Economic and Monetary Affairs Commissioner Olli Rehn and seen by Reuters, Catalonia's economy chief Andreu Mas-Colell, [...]

Spain seizes assets owned by Egypt’s Mubarak

MADRID (Reuters) – Spanish police have found 28 million euros ($ 36.5 million) in assets owned by ousted Egyptian president Hosni Mubarak and people close to him, including Marbella beach properties and luxury cars, the government said on Thursday. Egypt had asked Spain to track down assets in the country belonging to the former president [...]

Spain bond sale falls short of top-end target

MADRID (Reuters) – Spain fell short of its targeted amount at a triple bond auction on Wednesday, prompting a rise in yields on the secondary market as investors await the government's move to trigger European Central Bank bond-buying. The Treasury sold 4.3 billion euros ($ 5.6 billion) of bonds compared to a target range of [...]

EU approves Spain bank restructuring, opens door to aid

BRUSSELS (Reuters) – The European Commission gave the go ahead for Spain to overhaul its stricken nationalized banks on Wednesday and opened the door for nearly 40 billion euros in euro zone aid to be disbursed, offering hope for an end to Spain's banking crisis. Lenders Bankia, NCG Banco, Catalunya Banc and Banco de Valencia [...]

Spain to tap up to 42.5 billion euros in EU funds for banks: report

MADRID (Reuters) – The Spanish government will request between 40 billion and 42.5 billion euros ($ 52 billion-$ 55 billion) in European financial aid for its troubled banks, El Pais reported on Monday, citing government sources. Spain’s Economy Ministry declined to comment on the report. Spain was granted up to 100 billion euros of aid [...]

Catalan election weakens bid for independence from Spain

BARCELONA, Spain (Reuters) – Separatists in Spain's Catalonia won regional elections on Sunday but failed to get the resounding mandate they need to push convincingly for a referendum on independence. Catalan President Artur Mas, who has implemented unpopular spending cuts in an economic crisis, had called an early election to test support for his new [...]