After adopting the euro, the Spanish economy initially benefited from sharply lower interest rates, spurring a property bubble. However, with the onset of the global financial crisis, property prices collapsed, causing widespread layoffs, and pushing unemployment to more than 26 per cent by the end of 2012. Spain received a bank bailout from the European Central Bank in 2012. 

Jese Rodriguez's strike sends Real Madrid into King's Cup semi-finals

Espanyol's goalkeeper Francisco "Kiko" Casilla makes a save during their Copa del Rey match against Real Madrid at Santiago Bernabeu stadium. Photo: AP

Real Madrid eased into the semi-finals of the Copa del Rey with a 1-0 win over Espanyol at the Santiago Bernabeu to progress 2-0 on aggregate.

Wednesday, 29 January, 2014, 11:11pm

Spanish police bust voodoo sex ring operating in Barcelona and Malaga

Police arrested six Nigerian nationals, including the suspected female ringleader, as part of an investigation launched last year after one of the prostitutes filed a complaint with the authorities.

3 Jun 2013 - 5:59am

Chinese suspects seized over drug money scam in Spain

Cash and goods including wine seized in the raids. Photo: EPA

Spanish police have arrested six suspects, including one from Hong Kong, who allegedly laundered hundreds of thousands of euros a week in drug money. Officers exposed a network including two Chinese nationals, one suspect from Hong Kong and three Moroccans in raids at locations including a major Chinese trading estate near Madrid.

10 May 2013 - 3:33am

Spain's government, under Church pressure, vows to tighten abortion law

Spain's centre-right government, under pressure from the Catholic Church and its own ultraconservative wing, has vowed "promptly" to tighten the nation's abortion laws, angering the opposition Socialist Party, which had eased access to the procedure.

19 Apr 2013 - 3:05am

King Juan Carlos falls from grace in scandal-weary Spain

Spain's King Juan Carlos (right) waves beside Queen Sofia. Photo: Reuters

Spain’s King Juan Carlos stood with a throng of smiling journalists and onlookers, exchanging pleasantries, laughing at jokes and even trying on a pair of sunglasses proffered by a reporter from a comedy show.

18 Apr 2013 - 6:15pm

Spain's Princess Cristina is suspect in corruption case

Princess Cristina and Inaki Urdangarin face embezzlement claims

Spain's Princess Cristina has been summoned to testify as a suspect in a corruption case, a judicial source said yesterday, dealing a blow to the prestige of the royal family including her father King Juan Carlos.

4 Apr 2013 - 2:59am

Spain back on track as big guns hit the target

Spain's midfielder Jesus Navas (centre) beside France's midfielder Paul Pogba (right) during the World Cup 2014 qualifying football match France vs Spain on Tuesday in Saint-Denis, outside Paris. Photo: AFP

Europe’s top teams took important steps towards next year’s World Cup finals in Brazil with qualifying victories on Tuesday, notably world champions Spain who scored a hugely significant 1-0 win over France in Paris.

27 Mar 2013 - 8:36am

Briefs, March 11, 2013

Syrian families at a refugee camp in Lebanon. Photo: AFP

Kenya's press called for reconciliation between the winners and losers in the country's presidential election, as calm prevailed a day after the results were declared, in striking contrast to the aftermath of the 2007 polls.

11 Mar 2013 - 6:10am

Madrid accused of covering up Cuban dissident Oswaldo Paya's death

Oswaldo Paya, one of Cuba's most respected opposition leaders, Photo: Reuters

Spain's government is aiding a cover-up of the mysterious death of one of Cuba's most respected opposition leaders, who died after an unmarked police car rammed the car he was travelling in, according to his daughter.

9 Mar 2013 - 4:17am

Beijing's late move in extradition fight over fugitive accountant revealed

Beijing's late move in extradition fight over fugitive accountant revealed

A Spanish court freed a fugitive accountant wanted by Hong Kong over an alleged multimillion-dollar fraud despite an eleventh-hour intervention by Beijing, the Sunday Morning Post has learned.

3 Mar 2013 - 5:14am 2 comments

Spain king's son-in-law distances royal family from fraud scandal

Spanish Duke of Palma Inaki Urdangarin, son-in-law of Spanish King Juan Carlos I. Photo: EPA

Spanish King Juan Carlos' son-in-law Inaki Urdangarin was questioned by a judge on the island of Majorca over allegations that he embezzled millions of euros of public money paid to Noos, a charity he managed.

24 Feb 2013 - 6:25am

Extradition refusal reflects poorly on Spain

Supreme Court of Spain ordered that Gabriel Ricardo Dias-Azedo be freed on the grounds that Hong Kong, not being a sovereign state, had no power to ask for his return.

Hong Kong has regrettably lost a long-running battle in the Spanish courts to have a high-profile fugitive accountant sent back for trial in connection with an alleged multimillion-dollar fraud case. In a landmark ruling last week, Spain's highest court ordered that Gabriel Ricardo Dias-Azedo - who allegedly fleeced investors out of more than HK$90 million and was arrested in a casino in the Spanish city of Salamanca in 2010 - be freed on the grounds that Hong Kong, not being a sovereign state, had no power to ask for his return.

20 Feb 2013 - 4:12am

Fraud case fugitive Azedo freed by Spanish court

Harry's view

A fugitive accountant wanted over an alleged multimillion-dollar fraud has been freed from custody in Spain after that country's highest court called into question the independence of Hong Kong's legal system. The Constitutional Court of Spain ordered the release of Gabriel Ricardo Dias-Azedo after a battle to have him extradited that has lasted more than two years. The court argued that Hong Kong had no power to ask for his return because it was not a sovereign state and did not have a reciprocal extradition treaty with Spain.

19 Feb 2013 - 6:02am 2 comments

Protests erupt after Spain PM denies corruption

Protestors shout slogans and wave banners placards reading "Rajoy go home" during a demonstration against corruption in Madrid, on Saturday. Photo: AP

Speaking at a special executive committee meeting on Saturday at his party’s Madrid headquarters, Prime Minister Mariano Rajoy said “it is false” that he received or distributed undeclared money.

3 Feb 2013 - 11:38am

Rajoy breaks his silence on corruption scandal

Spanish Prime Minister Mariano Rajoy. Photo: Reuters

Spanish Prime Minister Mariano Rajoy yesterday fought back over allegations that he received undeclared payments from his ruling party, as he sunk deeper into a major corruption scandal.

3 Feb 2013 - 5:26am