Tag: Spain

• Wednesday, September 19th 2012 - 06:12 UTC

  Bad debts held by Spanish banks reach 169bn Euros or 10% of total loans

  

  The value of bad debts held by Spain's banks in July rose to 169.3bn Euros, according to latest figures from the central bank. The Bank of Spain said 9.9% of banks' total loans were in arrears, up from 9.4% a month before.

• Wednesday, September 19th 2012 - 06:10 UTC

  Leading political figure of Spain’s contemporary history dies

  

  Veteran Communist leader Santiago Carrillo, Spain's last surviving public figure to have taken an active part in the civil war and the reinstatement of democracy has died at age 97, sources close to the family said.

• Tuesday, September 18th 2012 - 23:33 UTC

  Rajoy and Franco will address Paraguay’s attendance to Ibero-American summit

  

  President Federico Franco and the head of the Spanish government Mariano Rajoy will address the participation of Paraguay in the coming Ibero-American summit scheduled for November in Cadiz, taking advantage of their presence in New York next week for the UN General Assembly.

• Tuesday, September 18th 2012 - 06:30 UTC

  Rajoy loses the influential leader of the conservative wing of the ruling party

  

  Madrid regional president Esperanza Aguirre, an influential Spanish politician and a leader of the conservative wing of the ruling centre-right People's Party (PP), resigned on Monday in a surprise announcement.

• Monday, September 17th 2012 - 02:30 UTC

  Thousands of Spaniards take to the streets to protest: “enough is enough”

  

  Tens of thousands of Spaniards rallied in Madrid to protest against spending cuts and tax rises in a country reeling from high unemployment and a gruelling recession. Teachers, nurses and social services workers thronged the capital's central Plaza Colon a day after Spain said it would present new economic reforms at the end of September likely to contain more austerity measures.

• Saturday, September 15th 2012 - 06:54 UTC

  Growing number of Spanish companies looking to make business in Latin America

  

  An ever growing number of Spanish companies are setting their eyes on Latin America, a region with an expanding economy, abundant natural resources and much to be done as reported by Spain’s trade offices and Spanish chambers of commerce.

• Wednesday, September 12th 2012 - 01:23 UTC

  Spanish bankruptcy spurs separatism: Catalonia the main tax contributor takes to the streets

  

  Hundreds of thousands of Catalans took to the streets of Barcelona in an unprecedented show of mass support for autonomy from Madrid, blaming Spain's economic crisis for dragging their wealthy region down.

• Saturday, September 8th 2012 - 06:49 UTC

  Net capital outflows from Spain equalled more than 50% of country’s output

  

  Bank of Spain figures show that net capital outflows—including bank withdrawals and sell-offs of Spanish stocks and bonds—equaled more than 50% of the country’s economic output over the year ended July 31.

• Saturday, September 8th 2012 - 06:35 UTC

  Spain announces plant to regulate fishing and bunkering in Gibraltar waters

  

  Spain’s Foreign Minister issued a clear threat to Gibraltar in the latest salvo of words in the fishing dispute. Jose Manuel García-Margallo said Gibraltar’s stance in the row would lead to repercussions in other areas affecting the Rock.

• Friday, September 7th 2012 - 05:41 UTC

  ECB bond-buying scheme announcement boosts world markets

  

  Asian shares looked set for their biggest daily gain in nearly five weeks on Friday after the European Central Bank outlined its bond-buying scheme to help calm the Euro zone's debt crisis, while firm US data fed speculation of a strong jobs report later in the day.