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  • September 19, 2014
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    Spain's economic plight worse than previously thought: official data

    Posted Aug 28th 2012, 04:34pm

    ... Spain is engulfed in a deepening recession that has barely released its jobs-killing grip since a global economic crisis and property crash struck in 2008, latest data showed Tuesday. ... revised figures also painted grimmer picture of the Spanish performance in previous years. They showed that Spain has barely escaped recession since mid-2008 when the global financial crisis ...

  2. Business - Economy - ECONOMY

    Spanish economy falls deeper into recession as austerity measures bite

    Posted Aug 29th 2012, 12:00am by Bloomberg

    ... Bloomberg in Madrid Austerity pushes Spain deeper into recession The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published yesterday showed, while the economically important Catalonia region said it needed a rescue from Madrid. Spain's recession grew stronger in the second quarter and is expected to get ...

  3. Business - Economy - ECONOMY

    Euro endgame

    Posted Jun 09th 2014, 03:29am by DAVID BROWN

    ... is far from guaranteed. Distressed, cash-starved euro-zone economies such as Cyprus, Greece, Ireland, Portugal, Spain and Italy will clearly relish quantitative easing. They are in desperate need ...

  4. Business - Economy - ECONOMY

    Germany's selfishness hangs over its weaker euro-zone partners

    Posted Mar 24th 2014, 04:45am by DAVID BROWN

    ... in France, Italy and Spain ballooned. Germany's current account surplus probably hit a new record in 2013, about US$250 billion, even greater than that of China. Before the creation ... in Germany enjoy growing success, while the motor industries in France, Italy and Spain slide into decline. At some stage, this trend must be addressed. Germany's massive export engine gives ...

  5. Business - Economy - ECONOMY

    Welcome to euro casino

    Posted Apr 14th 2014, 05:07am by DAVID BROWN

    ... for the euro zone's financial jugular. Speculative investor shorts piled the pressure on Greece, Ireland, Portugal, Spain and Cyprus at their weakest hours. They helped fuel the euro-zone crisis ...

  6. News - World - ECONOMY

    85 richest own wealth of half world's population, says Oxfam

    Posted Jan 21st 2014, 01:33am by AFP

    ... Opinion polls in Spain, Brazil, India, South Africa, the US, UK and Netherlands found that a majority in each country believe the wealthy exert too much influence. Concern was strongest in Spain ...

  7. Business - Economy - ECONOMY

    Euro zone sucked into a black hole

    Posted Feb 24th 2014, 04:27am by DAVID BROWN

    ... The domestic credit contraction has opened up deep fissures in economic confidence and bodes badly for recovery prospects ahead. These economic and social fractures are scary. In Italy, Spain ...

  8. Business - Economy - ECONOMY

    ECB says it has no set limit to bond-buying

    Posted Jun 10th 2013, 12:00am by AFP, Reuters

    ... at the "troika" of international powers whose insistence on austerity is blamed for worsening their economic hardship. There were angry scenes in Frankfurt near the European Central Bank, and in Spain ... and the European Central Bank, have imposed strict conditions on countries such as Greece and Portugal in exchange for bailout funds. In Greece and Spain, the unemployment rate has reached 27 per cent, ...

  9. Business - Economy - ECONOMY

    Factory data points to uneven global recovery

    Posted Oct 02nd 2013, 12:00am by Reuters

    ... Manufacturing growth in Italy and Spain, the euro zone's third and fourth-biggest economies, eased off last month, suggesting economic recovery there remains fragile. In France, the region's ...

  10. Business - Economy - ECONOMY

    IMF calls for action as euro zone crisis festers

    Posted Oct 11th 2012, 11:26am by Reuters in Tokyo

    ... in borrowing costs for debt-laden countries such as Spain may prove short-lived unless euro zone leaders come up with a comprehensive and credible plan. In its financial stability report on Wednesday, ... instead of safer German bonds would nearly double. Standard & Poor’s cut its rating on Spain on Wednesday to a level just above junk territory, and Moody’s may soon follow. The IMF has said ...




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