Tag: Mariano Rajoy

• Saturday, June 30th 2012 - 05:25 UTC

  Relief in EU: German parliament approved Euro rescue fund and fiscal pact

  

  As expected, more than two-thirds of the lawmakers in Germany's parliament moved on Friday to approve the permanent Euro rescue fund, the European Stability Mechanism, and a fiscal pact long championed by Chancellor Angela Merkel.

• Tuesday, June 26th 2012 - 22:37 UTC

  Spanish regions cripple Madrid’s attempts to keep budget deficit target

  

  Spain is considering raising consumer, energy and property taxes, the government said, as it struggles to reduce a public deficit that may have already exceeded one of its budgeted ceilings for the full year.

• Friday, June 22nd 2012 - 07:39 UTC

  Political deal in Germany on the ESM; mini summit in Rome to rescue Spain

  

  The German government and opposition reached on Thursday a deal that will allow parliament to approve the European Stability Mechanism, ESM, next week, but Germany's top court may delay the rescue fund's start date, saying it needed time to study the treaty.

• Monday, June 18th 2012 - 03:24 UTC

  Brussels willing to soften austerity measures for the Greek pro-bail out government

  

  European governments signaled a willingness to relent on Greece’s austerity measures as leaders turn from an election victory by Greek bailout proponents to focus on safeguarding the other 98% of the Euro economy

• Monday, June 11th 2012 - 03:52 UTC

  Positive reactions to Spanish bail out, but next Sunday Greece puts the Euro to test

  

  The future of the Euro may be determined in the coming weeks, as Greek voters decide whether to honour the country’s international bailout and create a first test for Spain’s newly built 100 billion-Euro banking firewall.

• Friday, June 8th 2012 - 02:54 UTC

  Germany ready to bail out Spain; sovereign rating down to BBB negative outlook

  

  German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the Euro zone as Spain's credit rating was cut by three notches amid expectations it may soon seek EU help for banks beset by bad debts.

• Tuesday, May 29th 2012 - 04:02 UTC

  Spain calls on Europe for a show of force “to dissipate any doubts about the Euro”

  

  Spanish Prime Minister Mariano Rajoy called for a show of force from European authorities as his government sought ways to avoid tapping markets to fund the bailout of the nation’s third-biggest lender.

• Wednesday, May 23rd 2012 - 18:38 UTC

  Euro-zone tells members to prepare contingency plans for a possible Greek exit

  

  Euro zone officials have told members of the currency area to prepare contingency plans in case Greece quits the bloc, an eventuality which Germany's central bank said would be testing but “manageable”.

• Monday, May 14th 2012 - 19:16 UTC

  Spain's ‘indignados’ promise a great turnout on first anniversary, May 15

  

  Protests of “indignados” continue in Madrid and Barcelona in spite of arrests and members of the 15-M movement have promised they will not abandon streets and plazas until after the anniversary of the first protest in Puerta del Sol a year ago on Tuesday.

• Thursday, May 10th 2012 - 05:28 UTC

  Spain takes over fourth largest bank to try and calm markets

  

  Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after the banks were hit by a property market crash.