Tag: Spain

• Friday, March 30th 2012 - 16:58 UTC

  Spain announced toughest austerity budget since the return of democracy

  

  Spain is cutting 27bn Euros from its budget this year as part of one of the toughest austerity drives in its history. Changes will include freezing public sector workers' salaries and reducing departmental budgets by 16.9%.

• Friday, March 30th 2012 - 07:51 UTC

  Rajoy challenged by general strike, recession and more loss of jobs

  

  As Spain heads for its second recession since 2010 and unemployment stands at 23%, workers angry at a labour reform the government calls an “unstoppable” necessity staged a general strike on Thursday, bringing factories and ports to a standstill and igniting flashes of violence on the streets.

• Thursday, March 29th 2012 - 01:25 UTC

  “Malvinas and the ‘Gallegos’ (Spaniards) always get the blame” in Argentina

  

  “Malvinas and the Spaniards (‘gallegos’) are always to blame” warned UK PM David Cameron to his peer Mariano Rajoy when they met in London over a month ago to talk bilateral issues and the growing irritation caused to both countries by Argentina with its claims over Falklands’ sovereignty and natural resources.

• Tuesday, March 27th 2012 - 12:20 UTC

  Spanish conservatives win in Socialist stronghold but fall short of full control

  

  Spain's conservative People's Party won a regional election in Andalucia but did not secure the outright majority it expected, depriving Prime Minister Mariano Rajoy of a symbolic boost to help him push through harsh spending cuts.

• Sunday, March 25th 2012 - 10:32 UTC

  Italy fears about Spain; Madrid says: ‘total nonsense to make comparisons with Greece”

  

  Italian Prime Minister Mario Monti expressed concern about Spain's public finances and said it would not take much to reignite the Euro zone debt crisis and revive the risk of it spreading to Italy.

• Sunday, March 25th 2012 - 08:48 UTC

  Gibraltar and Spain in direct discussions to solve fishing controversy

  

  The British Government is understood to be supporting a local Gibraltar–Campo (Spain) fishermen resolution to the recent spate of exchanges over fishing rights in British Gibraltar territorial Waters.

• Thursday, March 22nd 2012 - 01:55 UTC

  Argentine government and YPF can’t agree on the future of the oil company

  

  Argentina and Repsol-YPF oil corporation again clashed on Wednesday over the future of the Spanish owned company while members of President Cristina Fernandez administration said measures “can not be discarded” thus re-launching fears about further government actions.

• Wednesday, March 21st 2012 - 04:27 UTC

  Gibraltar exposed to a repeat of Spanish provocations from a decade ago

  

  Gibraltar appeared to be heading back to scenes of over a decade ago: clashes with Spanish fishermen and politicians. On Monday evening the Spanish ruling Popular Party from neighbouring Algeciras Mayor, Jose Ignacio Landaluce, boarded the vessel ‘Joaquina’ backing a protest sail into Gibraltar waters.

• Tuesday, March 20th 2012 - 23:51 UTC

  Spain vows to defend Repsol-YPF interests in Argentina; board meeting to decide on YPF profits

  

  Adding fuel to the quarrel between Argentina and Spain for disagreements over Spanish investors administrated YPF, Spanish Industry minister of José Manuel Soria vowed on Tuesday to defend his country’s interests.

• Tuesday, March 20th 2012 - 21:49 UTC

  Moody’s: Spain needs to implement more austerity; 4.000 town councils financially ‘non viable’

  

  Rating agency Moody's said on Tuesday that Spain's fiscal outlook remained challenging despite recently softened deficit targets. The announcement comes when the Secretary for Public administration admitted that 4.000 ‘ayuntamientos’ town councils in Spain are not financially viable.