Argentine Planning Minister Julio de Vido lashed out at Spanish Industry Minister José Manuel Soria by saying that oil company YPF is an Argentine corporation run by Spanish investors and should not be considered an asset of the European country.
Italy is in recession, final data confirmed Monday. Italy's economy shrank 0.7% in the fourth quarter of 2011, following a 0.2% decline in GDP in the third quarter.
The number of people claiming unemployment benefit in Spain rose by 112.269 in January, taking the overall figure to 4.7 million. Spain’s unemployment rate stands at 22.9%, the highest in the 17-nation Euro-zone.
Spain and Argentina formed a working group to resolve their “differences” over YPF, the Argentine oil company majority-owned by Madrid-based Repsol-YPF, Industry Minister Jose Manuel Soria said.
The government of President Cristina Fernandez is preparing the legal framework to take control of Spain’s Repsol-YPF subsidiary in Argentina which it has accused of not investing sufficiently and has triggered a round of discussions with the Spanish corporation’s top official, reports the Buenos Aires media.
Spain's Supreme Court cleared former judge Baltasar Garzón of overstepping his authority when he ordered an investigation into the murders of more than 100,000 people by forces loyal to late dictator Francisco Franco.
Foreign Affairs minister Jose Manuel García-Margallo assured that the Spanish government “is doing what must be done” to defend the interests of Spanish companies in Argentina, but has avoided releasing details.
Spain rejected Peru's claim to a huge multimillion-dollar undersea treasure recovered from the wreckage of a galleon that had left from Montevideo port more than 200 years ago loaded with precious metals originally from the Peruvian highlands.
Gibraltar Chief Minister Fabian Picardo received at Convent Palace neighbouring La Linea Mayor Gemma Araujo to review issues of mutual interest and concern, during a meeting followed by a press conference which was described as very positive.
A report examining Spain’s current levels of poverty has made national headlines after its launch revealed shocking figures. Caritas Spain has drawn attention to the precariousness facing millions of people at a time when networks of social aid are in danger of disappearing.