Tag: Spain

• Monday, January 30th 2012 - 09:37 UTC

  Over five million Spaniards out of a job; recession forecasted in 2012 first quarter

  

  Spain’s unemployment total has passed the five million mark, with the jobless rate shooting up from 21.5% to 22.8%, which represents something like one out of four workers don’t have a job.

• Monday, January 30th 2012 - 09:20 UTC

  Gibraltar Tripartite dialogue dead, announces Spanish Vice president

  

  Spanish Foreign Minister Jose Garcia Margallo has sent a letter to his UK counterpart William Hague responding to Prime Minister David Cameron’s remarks on self-determination.

• Saturday, January 28th 2012 - 10:11 UTC

  Fitch downgrades Italy and Spain ratings; Milan police raid agencies offices

  

  The credit ratings of Italy, Spain and three other Euro-area countries were cut by Fitch Ratings, which said the five nations lack financing flexibility in the face of the regional debt crisis.

• Friday, January 27th 2012 - 11:18 UTC

  Foreign Office has not discussed Gibraltar with new Spanish government

  

  Foreign Office Ministers have not discussed Gibraltar with the new Spanish Government, a Foreign Office spokesman said on Wednesday.

• Wednesday, January 25th 2012 - 20:41 UTC

  Gibraltar “joke time over” Spanish minister tells Foreign Secretary Hague

  

  “This joke is over” Jose Garcia-Margallo, Spanish Foreign Minister told his British counterpart William Hague this week regarding the Gibraltar sovereignty dispute.

• Monday, January 23rd 2012 - 16:32 UTC

  Spain’s central banks says economy forecasted to shrink 1.5% in 2012

  

  Spain’s economy contracted in the fourth quarter and will shrink 1.5% this year, the Bank of Spain estimated, undermining government efforts to cut the budget deficit amid the second recession in two years.

• Monday, January 23rd 2012 - 15:15 UTC

  New Spanish minister proposes Gibraltar ‘quadripartite’ talks on cooperation

  

  Spanish Foreign Affairs minister Jose Garcia-Margallo is seeking to revisit talks on co-operation with the disputed Gibraltar UK Overseas Territory on a new variation of the formulas for talks: a quadripartite forum.

• Friday, January 6th 2012 - 07:01 UTC

  Spanish banks must set aside 50bn Euros to cover ‘toxic’ real estate assets

  

  Spain's Conservative government ruled out a bad bank to deal with toxic property assets, wary of adding more debt to a nation fighting to control its deficit and putting the onus on lenders to make their own provisions.

• Wednesday, January 4th 2012 - 06:16 UTC

  Unemployment in Spain climbs to 4.4 million at end of 2011

  

  Spain ended 2011 with record high unemployment, according to data released Tuesday as the new conservative government of Prime Minister Mariano Rajoy considers additional austerity measures to reduce the budget deficit.

• Monday, January 2nd 2012 - 21:59 UTC

  Spanish government confirms Euro zone fourth largest economy is in recession

  

  Spain’s economy is forecasted to contract in the first quarter of 2012 after shrinking in the previous six months admitted Economy Minister Luis de Guindos confirming analysts’ expectations that the Euro zone fourth largest economy is already in recession.