Tag: Spain

• 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

• Monday, July 23rd 2012 - 08:18 UTC

  Gibraltar demands action from UK, after latest incident with Spain’s Guardia Civil

  

  The Gibraltar government has told the UK that 'the time has now come for action, not simply written protests from London to Madrid' in defence of British Gibraltar Territorial Waters, following the latest incident where a Gibraltar vessel was boarded by the Guardia Civil in Gibraltar waters 'and forcibly conveyed' together with its occupants to Algeciras 'at high speed and without navigational lights.'

• Monday, July 23rd 2012 - 04:06 UTC

  EU parliament president warns economic crisis could spark “social explosion”

  

  European Parliament president Martin Schulz warned this weekend that Spain's economic crisis could spark a “social explosion” across the continent.