Tag: Spain

• Friday, December 30th 2011 - 21:39 UTC

  New Spanish government announces draconian measures to balance the budget

  

  Spain's new government revealed on Friday that the public deficit for 2011 would come in at 8% of GDP, well above a target of 6%, and announced income and property tax hikes and a civil servant wage freeze in response.

• Thursday, December 29th 2011 - 21:33 UTC

  Spanish royals exposed: son in law involved in scandal and Crown expenses made public

  

  The Spanish king's son-in-law was charged Thursday in a fraud and embezzlement case that has damaged the royal family, which this week took the unprecedented step of disclosing its income.

• Wednesday, December 28th 2011 - 03:31 UTC

  Madrid has first woman mayor; promises to bid for 2020 Olympic Games

  

  Ana Botella, the wife of former Spanish Prime Minister Jose Maria Aznar, was sworn-in Tuesday as Madrid’s first woman mayor. She succeeds Alberto Ruiz-Gallardon, mayor of the capital since 2003, who resigned to serve as Justice Minister in the new Conservative government of Prime Minister Mariano Rajoy.

• Monday, December 26th 2011 - 11:21 UTC

  Falklands’ flagged vessels: Spanish fishermen call on Madrid to fight Argentine blackmail

  

  The President of the Spanish Association of Marine Fishing Officers (Aetinape), José Manuel Muniz, has asked the new Spanish government to get involved and act against the pressure placed on Falklands-flagged vessels by the Argentines, according to an article in the Galician newspaper Faro de Vigo, which examined the Spanish reaction to the ban on the entry of Falklands flagged vessels to Mercosur ports.

• Thursday, December 22nd 2011 - 05:08 UTC

  Orthodox economists will manage the Spanish economy with Rajoy

  

  New Spanish Prime Minister Mariano Rajoy named on Wednesday a cabinet of mostly close advisers charged with reviving the sluggish economy while slashing spending to reassure investors the Euro zone's No. 4 economy can stay solvent.

• Wednesday, December 21st 2011 - 02:26 UTC

  Congress votes Rajoy PM who anticipates even tougher austerity measures

  

  Spanish lawmakers voted Tuesday to make conservative leader Mariano Rajoy the new prime minister, approving his program of sweeping budget cuts and tough economic reforms.

• Wednesday, December 21st 2011 - 00:48 UTC

  ”Gibraltar at this moment, a minor issue” says Spanish Conservative think-tank

  

  A senior director at a Conservative think-tank founded by Jose Maria Aznar, Spain’s former Popular Party prime minister, said Gibraltar was low on the list of priorities for Madrid, particularly at a time of crisis when it needed the UK as an ally.

• Tuesday, December 20th 2011 - 00:08 UTC

  Rajoy announces to Spain deep spending cuts and tax breaks for companies

  

  Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.

• Monday, December 19th 2011 - 01:35 UTC

  Spain criticizes Argentina for trying to intercept fishing vessel when leaving Montevideo

  

  Spanish ambassador in Uruguay Aurora Diaz-Rato criticized Argentina following an incident with an Argentine Coast Guard unit which tried to intercept a Spanish flagged vessel when exiting Montevideo en route to the Falkland Islands.

• Tuesday, December 13th 2011 - 21:00 UTC

  Advanced economies unemployment reaches 8.3%; Spain worst case with 22.8%

  

  Unemployment rates remain stubbornly high in the world's most advanced economies according to data released Tuesday by the Organization for Economic Cooperation and Development.