Tag: Spain

• Monday, April 11th 2011 - 23:50 UTC

  FT forecasts Spain will be next in seeking financial assistance

  

  The mix of high external indebtedness, the fragility of the financial sector and the probability of further declines in asset prices increase the probability of a funding squeeze at some point means that “Spain will be the next country to seek financial assistance from the EU and the International Monetary Fund”, argues one of the Financial Times respected columnists.

• Monday, April 11th 2011 - 22:32 UTC

  Barcelona in unofficial referendum votes for independence from Spain

  

  The citizens of the Spanish city of Barcelona voted on Sunday by more than 90% in favor of independence for the province of Catalonia from the central government in Madrid.

• Friday, April 8th 2011 - 17:09 UTC

  Spain an “insurmountable dam protecting the Euro zone” says Deputy PM

  

  Spain has gone from being “another domino” to “an insurmountable dam that it protecting the Euro zone” due to its tough economic reforms, the government said Friday.

• Wednesday, April 6th 2011 - 06:13 UTC

  Spain’s official unemployment above 20%, with 43% of young Spaniards jobless

  

  Spain’s official unemployment advanced for a third month in March, deepening the divide between peripheral economies struggling to recover from the financial crisis and Germany’s booming labour market. It was the worst record for Spain since 1996.

• Saturday, April 2nd 2011 - 20:37 UTC

  Spain’s Prince Felipe recalls Gibraltar at state dinner for Prince of Wales

  

  Spain’s longstanding claim over the sovereignty of Gibraltar looked destined to continue into the next generation of Spanish politics as the heir to the Spanish throne, the Prince of Asturias, used a state dinner for the Prince of Wales and Duchess of Cornwall to reiterate Spain’s desire to ‘progress’ on Gibraltar.

• Saturday, April 2nd 2011 - 17:39 UTC

  Spanish Socialist PM steps down from 2012 re-election bid

  

  The Socialist Spanish Prime Minister, Jose Luis Rodriguez Zapatero, says he will not seek a third term in the country’s general election next year. Spain is in the midst of a deep recession. At 20% it has the highest unemployment rate in the Euro zone.

• Thursday, March 24th 2011 - 17:44 UTC

  Spain top three banks left out of Moody downgrading of 30 institutions

  

  Moody's risk ratings agency on Thursday downgraded the ratings of 30 Spanish banks, a direct consequence of its decision earlier this month to downgrade indebted Spain's sovereign rating.

• Thursday, March 24th 2011 - 06:05 UTC

  Spanish cooperation program for Uruguayan fishing industry experts

  

  Uruguayan fish industry instructors, technicians and professionals concluded this week a twenty day training course sponsored by Spain’s Ministry of environment, rural and marine affairs, on board the Spanish scientific research vessel Intermares.

• Saturday, March 12th 2011 - 05:48 UTC

  Bordering Spanish towns want to improve cooperation with Gibraltar

  

  Spanish towns neighbouring with Gibraltar have said they want to improve cooperation and day to day communications with the Rock. Isabel Beneroso president of the Mancomunidad de Municipios (Commonwealth of municipalities) visited Gibraltar’s Chief Minister Peter Caruana, the second PSOE politician to call within the space of a week.

• Thursday, March 10th 2011 - 17:56 UTC

  Moody’s downgrades Spain’s sovereign debt rating

  

  Moody's Investors Service on Thursday slashed Spain's sovereign debt rating by a notch to Aa2 with a negative outlook, saying it was uncertain about the country's ability to improve its finances.