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 predictability of so much of the second-day Sevens action was finally interrupted by one of the most unlikely sources imaginable yesterday: Thailand.Sunday, 29 March, 1998, 12:00am
THERE were three days in the past week when STAR showed no soccer at all.
A shocking state of affairs. And even then the only football programming throughout the week on STAR was repeats of the Spanish League highlights.
The consolation is that if you have to watch one show over and over again you could have much worse than this one.23 Jan 1998 - 12:00am
In Spain, it is crucial to get the drinking, eating and dancing hours right. If not, you may find yourself alone in the right place at the wrong time - and I speak from experience.14 Nov 1997 - 12:00am
The Running of the Bulls (Sanfermines) in Pamplona in July is probably Spain's best-known festival but many others are equally fascinating.
At La Tamborrada, in San Sebastian, in February, the entire town dresses up and parties. Carnivals take place throughout the country in late February with the wildest in Sitges. In March, Valencia has a week-long party known as Las Fallas.12 Oct 1997 - 12:00am
On the occasion of Spain's National Day, I would like to take the opportunity to send my warmest regards to the authorities of the Special Administrative Region of Hong Kong, to the Spanish community and to all Hong Kong residents.
Since my arrival in Hong Kong, I have noticed that the Spanish community has grown significantly and continues to do so.12 Oct 1997 - 12:00am
Anglo-Norwegian industrial group Kvaerner has denied it expressed interest in buying shipyards in Spain. A report in Lloyd's List said Kvaerner had declared an interest in buying shipyards when Spain's Astilleros Espanoles was privatised.25 Jul 1997 - 12:00am
Mexican company Transportacion Maritima Mexicana (TMM) has launched a US$20 million ship for its Spain-Canary Islands route.
TMM said the Marques de Comillas was built through its Spanish affiliate, Compania Transatlantica Espanola, which TMM acquired in April.7 Jul 1997 - 12:00am
On the occasion of Spain's National Day, I would like to extend my warmest greetings to the authorities and residents of Hong Kong, as well as to the Spanish community in the territory.12 Oct 1996 - 12:00am
Spain's spring and summer designs for next year will be on display at the Asia-Pacific Leather Fair - Fashion and Finished Products Autumn Show.
Seventy-five Spanish producers will show their wares on level five of the convention and exhibition centre.1 Oct 1996 - 12:00am
8.00 pm: Fencing: M & W individual foil 1st round, 2nd round, round of 16, quarter-finals.22 Jul 1996 - 12:00am
CHINESE authorities are considering buying Spanish naval technology to modernise the country's armed forces, according to a spokesman for a Spanish shipbuilder.
A delegation from the state owned firm, Bazan de Construcciones Navales, is visiting China to present its products.24 Jan 1996 - 12:00am
ASIAN experts from Spain's largest bank believe Spanish exports to Hong Kong and other Asian nations will continue to skyrocket next year.
But they have warned Spanish businesses and those interested in capitalising on the export boom not to concentrate solely on consumer products, which are mainly responsible for enormous increases in export trade from Spain.12 Oct 1995 - 12:00am
ACCORDING to latest figures, the outlook for improved trade between Hong Kong and Spain looks positive.
Spain's economy continues to improve with exports high as a result of the weak peseta.
With the value of the peseta remaining low, the Hong Kong market is not the only one to be cashing in on trade purchases, This applies particularly in the consumer area.12 Oct 1995 - 12:00am
ACHES AND PAINS: Jose Maria Olazabal of Spain played well enough to finish five-under, including an even-par 71 in the last round, although he was a little hobbled.15 Aug 1995 - 12:00am
THE Netherlands economy is ranked 13th in the world and is the sixth largest in Europe after Germany, France, Italy, Britain and Spain.30 Apr 1995 - 12:00am