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.
The global economic crisis is causing a major shift in the demographics of European soccer with cash-strapped Spain and Portugal witnessing an exodus of talent to rival leagues, a study has found.Saturday, 26 January, 2013, 4:16am
Thousands of winners of Spain's US$1.1 billion El Nino lottery broke open champagne and wept for joy, savouring their luck at a time when the country faces its most severe economic crisis in decades .8 Jan 2013 - 6:59am
Spain's King Juan Carlos said he had "energy and hope" to continue ruling in his first public interview in more than a decade, after a year blighted by scandals.6 Jan 2013 - 3:40am
Spain's anti-doping body mixed samples23 Dec 2012 - 3:43am
Ibrahimovic opens floodgates for PSG23 Dec 2012 - 3:43am
Tensions between Spain's Catalonia region and the central government have flared over a national education reform that targets the sensitive issue of Catalan language teaching in schools.
Catalonia's leaders and media jumped on the defensive after Spanish Education Minister Jose Ignacio Wert proposed an education reform focusing on Spanish language teaching in all regions.7 Dec 2012 - 4:34am
Who wants to buy a home in the world's worst-performing markets right now? Even at seemingly giveaway prices, what could possibly entice a sale in places where values have disintegrated and no sign of recovery appears anywhere on the horizon?
Throwing in freebies is a marketing ploy that can work, but free steak knives won't cut it. How about if the prize was residency?6 Dec 2012 - 12:22pm
Host Brazil will play Japan in the opening match of next year's Confederations Cup, while world champions Spain will debut against Uruguay.2 Dec 2012 - 4:27am
I like Madrid a lot, but I love leaving it. There's something about the regions just beyond the city limits that fills me with a sense of freedom, especially when I'm driving.6 Dec 2012 - 2:09pm
Catalonia's leader Artur Mas says the powerful region's economy can stand tall in Europe without Spain. But could Spain survive without Catalonia?
The prospect of an independent Catalonia of 7.5 million people lying to the northeast of Spain seems distant, with Prime Minister Mariano Rajoy's government vowing to block any referendum.27 Nov 2012 - 5:56am
Catalan parties pushing for a referendum on breaking away from Spain won strong backing in an election on Sunday, while voters punished the rich region’s leader Artur Mas, forcing him to share power.29 Aug 2013 - 4:13am
Independence flags fluttering from balconies, Catalans voted on Sunday in an election that could set the region on a path to divorce from Spain.
Artur Mas, president of the northeastern region, is promising to hold a referendum on self-determination if he wins a mandate.29 Aug 2013 - 4:13am
Spain's 74-year-old King Juan Carlos had successful hip replacement surgery, the royal palace said, after two operations on the other hip caused by a fall during a controversial African elephant-hunting safari.
"The operation, which lasted 90 minutes, was carried out under general anaesthetic and was completely satisfactory," the palace said.25 Nov 2012 - 4:02am
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 to a woman.24 Nov 2012 - 3:14am
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 in the European Union.
For the first time, Madrid may have to pay more into the bloc than it receives, a dramatic change from 10 years ago when it was the biggest recipient.
It is an unfortunate paradox at a time of deep crisis.21 Nov 2012 - 11:11am