-
Sydney Morning Herald
| 1 year ago
Story continues below Despite growing opposition to cuts during a recession with 24.4-percent unemployment in the first quarter, Economy Minister Luis de Guindos said fiscal restraint was more essential than ever. "The Spanish government does not see...
-
International Business Times
| 1 year ago
Spain's Central Bank is consulting with international bankers and property experts on setting up a holding company to value and sell off toxic real estate assets from the country's troubled financial sector, two sources said on Monday. The...
-
Al Jazeera English
| 1 year ago
Spain's economic recession has double-dipped in the first fiscal quarter, as the country faces intense pressure from the European Union to solve its financial problems and growing public unrest against austerity measures, new data shows. The official ...
-
MarketWatch
| 1 year ago
S&P also placed on CreditWatch negative most of the issuer and issuer ratings on Spanish banks that weren't already on CreditWatch. Read more on downgrades Spaniards rally against budget cuts Thousands of people demonstrate across Spain as anger...
-
The New Zealand Herald
| 1 year ago
The Government reported on Friday that unemployment rose to 24.4 per cent in the first quarter and that more than half of Spaniards under 25 are now without jobs. The bleak employment figures came a day after ratings agency Standard & Poor's...
-
Mail Online UK
| 1 year ago
28 April 2012 Spanish Foreign Minister Jose Manuel Garcia-Margallo said the country faces a financial crisis of 'enormous magnitude' Fears for Spain's 'imploding' economy grew yesterday as figures revealed that one in four people in the country are...
-
Daily News & Analysis
| 1 year ago
Spanish leaders warned on Friday that their country is mired in a "crisis of huge proportions" as the government reeled from the latest downgrade of its credit rating and was faced with record unemployment. The unemployment rate in the eurozone's...
-
Khaleej Times
| 1 year ago
Unemployment shot up to 24 per cent in the first quarter, one of the worst jobless figures in the developed world. Retail sales slumped for the twenty-first consecutive month as a recession cuts into consumer spending. The figures are terrible for...
-
Washington Post
| 1 year ago
More on this Story Officials in Madrid warned of a potential economic calamity. Though Spain has had similar bouts of high unemployment in its recent history, analysts said they foresee no quick turnaround this time, and national statistics indicated...
-
The Independent
| 1 year ago
News in pictures On Facebook Suggested Topics Spanish unemployment already the highest in Europe spiked up again yesterday, piling more pressure on the struggling Madrid government and sending investors scurrying for safety. Official figures showed...
-
Voice of America
| 1 year ago
Union picketers try to stop a truck at the entrance of Malaga's main food warehouse, early March 29, 2012...Wearing masks and exotic costumes, prostitutes demonstrated in Barcelona Friday against the city's plans to outlaw street prostitution. The...
-
The Age
| 1 year ago
In Frankfurt, the DAX 30 gained 0.91 per cent to 6,801.32 points and in Paris the CAC 40 advanced 1.14 per cent to 3,226.27 points. Madrid, down sharply by 2.65 per cent at the open following the S&P downgrade, confounded the gloomy jobless news to...
-
Newyork Times
| 1 year ago
Since the onset of the debt crisis in Europe more than two years ago, defenders of the euro currency union have stuck to a basic argument: if the euro zone's weaker economies would only keep pursuing policies of austerity, even as growth collapsed...
-
The Globe & Mail
| 1 year ago
The Toronto stock market was slightly higher Friday while Wall Street was flat as investors on both sides of the border gave a tepid response to data showing the U.S. economy grew more slowly than expected in the first quarter. The S&P/TSX composite...
-
Taiwan News
| 1 year ago
Travel & Delicacy Beauty never Ends Ecological Environment Associated Press 2009-10-07 05:05 AM A move by Australia 's central bank to raise its benchmark interest rate, the first major economy to do so since the financial crisis worsened last fall,...
