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.
If this was revolution, it was a remarkably calm affair.Sunday, 2 September, 2012, 4:45am
Having claimed the season's first piece of silverware with victory over Barcelona in the Spanish Super Cup, Real Madrid return to domestic action needing to close a five-point deficit to the Catalan giants in La Liga.
Madrid coach Jose Mourinho uncharacteristically tore into his team's performance in their 2-1 derby defeat to Getafe last weekend, calling it "unacceptable".1 Sep 2012 - 3:43am
Thousands of people were evacuated after a huge wildfire reached the edge of the popular tourist beach resort of Marbella on Spain’s southern Costa del Sol, Spanish authorities said on Friday.31 Aug 2012 - 6:40pm
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.29 Aug 2012 - 4:11am
A Spanish Super Cup comeback against arch-rivals Barcelona and the arrival of Croatia playmaker Luka Modric may provide the perfect springboard for Real Madrid to kick-start their season.
Jose Mourinho's stuttering side, still seeking a first league win of the season, need to overturn a 3-2 deficit from last week's first leg when they host Barca at the Bernabeu tonight.29 Aug 2012 - 2:12am
An angry Jose Mourinho gave his Real Madrid players a rare public tongue lashing after they squandered the lead and slumped to a 2-1 defeat at city neighbours Getafe in La Liga.
The shock reverse ended the Spanish champions' unbeaten run of 24 league matches, their longest in 15 years, and was the first time they had lost in La Liga after leading at half-time in more than five years.28 Aug 2012 - 2:22am
Live bullfighting is returning to Spain's public broadcaster after six years of viewers being unable to watch, in real time, the last few minutes of a bull's life.
A fight at the bullring in Valladolid is set to be broadcast on September 5, allowing bullfight fans to see half a dozen animals fought and killed on the sand of the city's arena.27 Aug 2012 - 6:11am
An embarrassing blunder from Barcelona goalkeeper Victor Valdes allowed Real Madrid to grab a late second goal that kept them alive in the Spanish Super Cup as Barca ran out 3-2 winners in their home leg.
Pedro, Lionel Messi from the penalty spot, and Xavi scored for the holders as they stormed back after Cristiano Ronaldo had headed the opener at the Nou Camp in the 55th minute.25 Aug 2012 - 3:17am
Barcelona forward David Villa said his injury troubles were behind him after celebrating his return from an eight-month lay-off by scoring in a 5-1 rout of Real Sociedad in their La Liga opener.21 Aug 2012 - 1:40am
Valencia goalkeeper Diego Alves clatters into Real Madrid striker Gonzalo Higuain while going for the ball during their season opener at the Santiago Bernabeu stadium. Real had a frustrating start to the defence of their La Liga title as they were held to a 1-1 draw despite dominating the match.21 Aug 2012 - 1:42am
The mining families of Donetsk like their footballers to do as the bread-winners do beneath the ground and attack the coal face from the moment the shift clocks in. Any pussy-footing around has them sneering into their borscht and dumplings.29 Jun 2012 - 12:00am
Hong Kong and mainland Chinese investments in the euro zone fell sharply this year, with investors spooked by Spain's debt troubles.
The Spanish senior trade commissioner in the city expects the trend to continue.14 Jun 2012 - 12:00am
It seems to be a great time to be in Europe if you are not from Europe. But for those who are, the harsh realities are overwhelming. Unemployment is through the roof. In Spain, Greece and Turkey over 50 per cent of the people under the age of 25 are without a job. That is beyond staggering, that's a lost generation with zero hope.10 Jun 2012 - 12:00am
Spain, the world's best team for the past four years, are favourites as they try to retain the European Championship but the question for punters is whether their momentum has slowed or even gone into reverse.4 Jun 2012 - 12:00am
The world series lies in wait for Canada, Spain and Portugal as they finished one, two, and three respectively in the IRB's qualifying experiment.
Just how much the results meant to the players and coaches was reflected in the wild celebrations at the end of their games, with substitutes and support staff flooding onto the field.26 Mar 2012 - 12:00am