Tag: Spain

• Tuesday, August 7th 2012 - 17:19 UTC

  Spain says the Gibraltar dispute is back on the ‘Brussels process” bilateral track

  

  Spain’s new Ambassador to the United Kingdom, Federico Trillo-Figueroa, has claimed that his Foreign Minister, Jose Garcia Margallo, has managed to revive bilateral dialogue with UK over Gibraltar within the Brussels context.

• Thursday, August 2nd 2012 - 07:04 UTC

  Massive capital outflow in Spain: €163 billion left in five months

  

  Capital outflows from Spain more than quadrupled in May to €41.3 billion compared with May 2011, according to figures released on Tuesday by the Spanish central bank. In the first five months of 2012, a total of €163 billion left the country, the figures indicate. During the same period a year earlier, Spain recorded a net inflow of €14.6 billion.

• Monday, July 30th 2012 - 07:15 UTC

  PM Rajoy not handling the economic crisis, say 80% of Spaniards

  

  Support for Spanish Prime Minister Mariano Rajoy fell sharply in July after his government announced a new round of deep spending cuts and tax hikes to fight the sovereign debt crisis, an opinion poll showed.

• Thursday, July 26th 2012 - 19:51 UTC

  ECB to the rescue of Spain and Italy and avoid collapse of Euro zone

  

  European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the Euro zone from collapse, including acting to lower unreasonably high government borrowing costs.

• Wednesday, July 25th 2012 - 07:04 UTC

  Germany and France express support for Spain but markets demand more than words

  

  German Finance Minister Wolfgang Schaeuble and his counterpart from Madrid said Spain’s borrowing costs don’t reflect the strength of its economy as they pledged to work toward deeper integration to fight the debt crisis.

• Tuesday, July 24th 2012 - 23:36 UTC

  Chavez unveils 3D image of Simon Bolivar based on his exhumed body

  

  Venezuela's Hugo Chávez unveiled a 3D image of South America's 19th century independence hero Simon Bolivar on Tuesday, based on bones the president ordered exhumed two years ago to test his theory that Bolivar was murdered.

• Tuesday, July 24th 2012 - 15:27 UTC

  UK reaffirms sovereignty over Gibraltar territorial waters following incident with the Guardia Civil

  

  The UK reaffirmed sovereignty over Gibraltar and Gibraltar territorial waters following an incident with the Spanish Guardia Civil which detained two Gibraltar British Nationals in British jurisdiction and transferred them to Spain.

• Tuesday, July 24th 2012 - 06:26 UTC

  Euro down to lowest in 11 years as Spain crumbles and investors flee

  

  The Euro weakened to the lowest in more than 11 years against the Yen as investors sought safer assets amid mounting concern that European leaders are failing to control the region’s debt crisis.

• Monday, July 23rd 2012 - 20:21 UTC

  Spanish politician warns cuts are necessary “if we don’t want to become another Argentina”

  

  The President of the Community of Madrid, Esperanza Aguirre, has warned about the “difficult” situation Spain is going through, and said “If we don’t want to become another Argentina, with a ‘corralito’ and inflation rates around 20-40%, we must cut the public spending and find the accounts’ balance.”

• Monday, July 23rd 2012 - 20:16 UTC

  Spain’s economy sinks deeper into recession; financial costs balloon

  

  Spain's economy sank deeper into recession in the second quarter, its central bank said as investors spooked by an undeclared funding crisis in its regions pushed the country ever closer to a full bailout