Tag: Spain

• Monday, June 11th 2012 - 20:09 UTC

  Stiglitz negative about Spanish bail-out, calls it “voodoo economics”

  

  The plan to lend money to Spain to heal some of its banks may not work because the government and the country's lenders will in effect be propping each other up, Nobel Prize-winning economist Joseph Stiglitz said.

• Monday, June 11th 2012 - 04:52 UTC

  Spain separates fishing dispute with Gibraltar from any sovereignty discussions

  

  Spanish Foreign Minister José Manuel García-Margallo said over the weekend that the solution to the fishing dispute was separate to any discussion on the sovereignty of Gibraltar or its waters.

• 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.

• 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.