Tag: Spain

• Saturday, June 9th 2012 - 05:08 UTC

  Spain expected this weekend to ask help from the Euro zone to bail out its banks

  

  Spain is expected to ask the Euro zone for help with recapitalising its banks this weekend, sources in Brussels and Berlin said on Friday, becoming the fourth country to seek assistance since Europe's debt crisis began.

• 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, June 5th 2012 - 23:22 UTC

  G7 members agree to work together to deal with Spain’s financing problems

  

  The Group of Seven finance chiefs agreed in a teleconference call to work together to deal with the problems hitting Spain and Greece, Japanese Finance Minister Jun Azumi said on Tuesday.

• Saturday, June 2nd 2012 - 02:49 UTC

  Euro zone unemployment hits a new record low: 17.4 million out of work

  

  Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.

• Friday, June 1st 2012 - 02:20 UTC

  Spain calls on US and IMF for political support in helping the banking system

  

  The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.

• Wednesday, May 30th 2012 - 17:21 UTC

  Gibraltar celebrates outcome of UK/Spain meeting in London on fishing conflict

  

  The Gibraltar Government reacted to the outcome of the meeting between the British and Spanish foreign ministers on Tuesday in London saying that it is pleased that “it is recognised and accepted by all parties that only Gibraltar has the jurisdictional competence to deal with the issues that arise in respect of the on-going breaches of the Nature Protection Act in British Gibraltar Territorial Waters.”

• Wednesday, May 30th 2012 - 05:28 UTC

  Spain/UK join forces to defend their companies in Latam, says Garcia-Margallo

  

  Spain and the UK will join forces against attacks on their companies in Latin America, Spanish Foreign Minister José Manuel García-Margallo said, following a meeting on Tuesday in London with his counterpart William Hague.

• Wednesday, May 30th 2012 - 05:23 UTC

  “Disturbing” Falklands-style tendencies with Gibraltar claim European MPs

  

  Escalation in the long-running dispute between Britain and Spain over ownership of Gibraltar shows “disturbing” Falklands-style tendencies. The warning comes from one of the Rock's MEPs after a stand-off between Gibraltar and Spanish police patrol boats over fishing rights.

• 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.

• Monday, May 28th 2012 - 19:16 UTC

  Spanish King on high profile PPRR visit to recover “lost time and ground” in South America

  

  Spain’s King Juan Carlos will be travelling to Brazil and Chile in the first week of June to strengthen ties with two strategic associates and in preparation of the Ibero-American summit to take place in Cadiz. The King will be accompanied by Foreign Affairs minister Jose Manuel Garcia-Margallo and a business delegation.