Tag: Spain

• Tuesday, May 25th 2010 - 00:57 UTC

  IMF bluntly tells Spain austerity and reform measures are not enough

  

  The International Monetary Fund has raised fresh concerns about Spain's economy, saying “far-reaching” reforms are needed to ensure its recovery. It said the country faced “severe” challenges, including the need to urgently reform a “dysfunctional” labour market, and its banking sector.

• Tuesday, May 18th 2010 - 04:14 UTC

  Chile/EU agree to improve energy cooperation and increase trade

  

  Within the framework of the European Union/Latam leaders’ summit held in Madrid, the EU and Chile agreed to “improve and strengthen relations,” with a special focus on energy and trade, five years after the launch of the Association Agreement.

• Saturday, May 15th 2010 - 04:49 UTC

  World Stock Markets Plunge and Euro Falls to 18-Month Low

  

  World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.

• Saturday, May 15th 2010 - 03:51 UTC

  “Nick and I Don’t Talk about Gibraltar at Home”

  

  Miriam González, the Spanish wife of recently appointed United Kingdom Deputy Prime Minister Liberal Democrat leader Nick Clegg, has captured the imagination of the media, especially in her native country.

• Friday, May 14th 2010 - 04:40 UTC

  Portugal Joins Euro Belt-Tightening Bandwagon but with Strong Political Support

  

  Portugal has become the latest country to introduce austerity measures, after both Greece and Spain took similar steps to stabilize public finances in the face of massive debt.

• Thursday, May 13th 2010 - 11:09 UTC

  Ten “Grumpy” Countries Challenge Resumption of EU/Mercosur Trade Talks

  

  Ten European countries, fearing the impact on agriculture, are openly challenging the EU decision to resume trade talks with Mercosur which is to be officially announced next Monday when the opening of the Latin America, the Caribbean and the European Union Summit in Spain.

• Wednesday, May 12th 2010 - 22:15 UTC

  Spain Under Pressure from Europe Unveils Drastic Cuts to Contain Budget Crisis

  

  Under pressure from Europe to deliver (shape up or ship out) Spain's PM has outlined a plan to tackle the country's budget crisis, amid concerns that problems afflicting Greece may spread across the Eurozone.

• Wednesday, May 12th 2010 - 07:09 UTC

  World Markets Lower After Taking a Second Look at Euro Rescue Plan

  

  United States shares closed lower on Tuesday as global stock markets stalled on niggling worries over European debt problems. On Wall Street, the Dow Jones index closed down 0.34% following a turbulent day's trading, and a nearly 4% rise on Monday.

• Wednesday, May 12th 2010 - 03:54 UTC

  IMF: Euro Countries Must Focus on Cutting Deficits; Denies “Blanket Commitment”

  

  European countries saddled with debt should focus on cutting deficits in the wake of policy makers' unprecedented efforts to contain the region's sovereign-debt crisis, said John Lipsky from the International Monetary Fund.

• Saturday, May 8th 2010 - 06:39 UTC

  Spanish Recession and Lack of Jobs Forces Latam Immigrants to Return Home

  

  More immigrants from non-European Union countries are returning to their native lands this year with help from the Spanish government, a situation similar to 2009, when the number of immigrants forced to pack up and go doubled because of the economic crisis.