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  1. Business - Economy - SPAIN

    Crisis-hit Spain pays price of joining EU rich club

    Posted Nov 21st 2012, 11:03am

    ... Agence France-Presse in Madrid Blighted by recession and tottering on the edge of a sovereign bailout, Spain is about to pay the price of joining the club of richest nations ... at a time of deep crisis. Spain was ready to accept such a change so long as it is gradual, said a diplomatic source ahead of a November 22-23 European Union summit on the budget for 2014-2020. ...

  2. News - World - EUROPE

    Spain loses out as European Central Bank names Yves Mersch to its board

    Posted Nov 24th 2012, 12:00am by Bloomberg in Brussels

    ... Bloomberg in Brussels Spain loses out on ECB board seat Yves Mersch of Luxembourg was named to the European Central Bank's board after the longest battle over an appointment in the euro's 13-year history, bolstering the ECB's anti-inflation wing. Mersch, 63, overcame Spain's attempt to retain the seat and a plea by European parliamentarians to give the post ...

  3. News - World - EUROPE

    One in five Spaniards live in poverty

    Posted Oct 24th 2012, 12:00am by McClatchy-Tribune in Madrid

    ... McClatchy-Tribune in Madrid One in five Spaniards lives in poverty Every fifth resident in Spain lives in poverty, new figures show. The national statistics institute INE said 21.1 per ... their costs went up to 12.7 per cent from 9.8 per cent. Charity organisations have warned about the growth of poverty in Spain. The country is experiencing its second recession in three years, ...

  4. the greek drama

    Posted Feb 25th 2010, 12:00am by Staff Reporter

    ... Persia, Italy, Greece and Serbia b. Portugal, Ireland, Greece and Spain c. Peru, India, Greece and China d. Portugal, India, Greece and Spain 4 Roughly how many Greeks work for the government? a. ...

  5. Business - Economy

    France's growth push sets up showdown with Brussels

    Posted Apr 03rd 2014, 10:10am by NICHOLAS SPIRO

    ... "peripheral" members of the bloc, notably Spain, undertook much-needed product and labour market reforms. France is flirting with deflation, making the country’s public debt burden even less ... into the core of the bloc. After registering no growth over the past two years, France's economy is expected to expand 1 per cent this year, roughly on a par with Spain and Portugal and below ...

  6. Business - China Business - BRIEFS

    Briefs, November 29, 2012

    Posted Nov 29th 2012, 12:00am

    ... Four Spanish banks to get €37b in loans The European Union has approved the payment of €37 billion (HK$371 billion) in bailout loans to four of Spain's struggling banks- provided each of them cut its loans and investments by 60 per cent. The sum is part of a €100 billion credit line approved by the other 16 euro-zone countries to shore up Spain's banks. AP   US to halt new ...

  7. Business - Economy

    EU exec to move spotlight from austerity to reforms on Wed

    Posted May 28th 2013, 10:03am by Reuters

    ... France, the euro zone’s second biggest economy, and Spain, the fourth largest, two extra years to bring their budget deficits below the EU ceiling of 3 per cent of GDP, and other countries are also expected to get a year’s extension. But in exchange, both France and Spain will have to commit to broad structural and labour-market reforms intended to make their economies more ...

  8. EU foreign policy chief raises hopes of end to arms embargo

    Posted Sep 07th 2005, 12:00am by Bill Savadove

    ... Bill Savadove in Shanghai The European Union still hopes to lift an arms embargo imposed on China after the 1989 Tiananmen Square crackdown, EU foreign policy chief Javier Solana said yesterday, a day after the two sides held an annual summit and reached ...

  9. Business - Banking & Finance

    IMF says Europe's banks may need to sell more assets

    Posted Oct 11th 2012, 12:00am by Bloomberg

    ... Portugal and Spain. "There is definitely a need for deleveraging in Europe," said Michael Seufert, an analyst at Norddeutsche Landesbank in Germany. "The danger is that this produced ... does not need to lend money to Spain to help the country tackle its fiscal crisis, managing director Christine Lagarde indicated yesterday. The Washington-based fund earlier this week cut its ...

  10. Business - Economy

    European banks fail to cut assets US$1.2tr as pledged

    Posted Sep 19th 2012, 12:00am by BLOOM

    ... trillion (HK$350 trillion) in the year to July, according to the European Central Bank. BNP Paribas, Banco Santander and UniCredit, the biggest banks in France, Spain and Italy, all expanded ... for funding. It also may be making European lenders dependent on more central-bank aid. "Deleveraging isn't taking place, especially in Spain and Italy," said Simon Maughan, a bank ...




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