World news about “Spanish economy” published by euronews.
Spain’s record unemployment rate highlights plight of jobless generation Spain’s new record level of unemployment – 27.2 percent – has put the focus on a generation growing accustomed to life without work. Six million Spaniards… 25/04/2013
Spain ill prepared for any job recovery Economists find the most troubling element of Spain’s unemployment total jumping to a record 27.2 percent is that almost a third of those jobless have been… 25/04/2013
Spanish unemployment edges down There is a glimmer of good news for the Spanish government as the number of people registered as unemployed there edged down in March. It is the first time in… 02/04/2013
Compromise over job cuts may end Iberia strikesSpanish airline Iberia and its unions seem to be close to an agreement on mass job cuts. The idea did not find favour with some employees, who chanted “We… 11/03/2013
Spanish jobless total officially tops 5 million For the first time ever, Spain has over five million people registered as unemployed. The Labour Ministry said there was an increase of almost 60,000… 04/03/2013
No change for Spain The markets – including Madrid – may have been in turmoil on Tuesday because of Italy’s election stalemate, but the Spanish Economy Minister Luis de Guindos… 26/02/2013
Spain unveils anti-political corruption measures Spain’s Prime Minister Mariano Rajoy is to table new anti-corruption laws on political parties’ financial activities along with tougher sanctions for… 20/02/2013
Political scandal, weak economy impact Spanish bonds Spain’s borrowing costs climbed at its latest bond auction due to an alleged corruption scandal amongst top politicians and concerns over its weak… 07/02/2013
Bankia to limit job cuts Nationalised Spanish lender Bankia has agreed to lay off fewer staff. Talks with unions saw the total reduced by 400, to 4,500. Those who are leaving will… 06/02/2013
Rajoy scandal fears hit Spanish bonds The rate of interest the Spanish government is having to offer to get investors to buy its bonds rose sharply on Monday. A row over slush fund allegations… 04/02/2013
Spain’s political crisis In this News Plus, we take a look at Spanish Prime Minister Mariano Rajoy’s precarious position – the man who reached the pinnacle of his career on an… 04/02/2013
That wasn’t supposed to happen! US economy shrinks The US economy unexpectedly shrank at the end of last year, news that was released just as the Federal Reserve policymakers were holding their regular monthly… 01/02/2013
Spain’s borrowing costs ease Though still mired in recession, Spain has made a good start to the year in terms of selling government bonds. In the first debt auction of 2013, Madrid… 10/01/2013
Bond auction beats target for Spain Spain’s treasury has sold 3.9 billion euros of medium and long-term debt, seen as the country’s first step in building funds for a predicted difficult… 22/11/2012
Spanish inflation hits a high The financial gloom enveloping Spain deepened as October figures showed consumer prices hit a high. Data revealed the rate of inflation rose at its fastest… 13/11/2012
Spanish recession continues to bite Spain fell deeper into recession in the third quarter of 2012, new figures published on Tuesday show. The news is likely to pile further pressure on Prime… 30/10/2012
Bailout pressure mounts on Spain The latest grim Spanish jobs numbers put further pressure on the government to seek international aid. A majority of economists say the official forecasts… 26/10/2012
Santander profit plunges on property losses Santander, the eurozone’s biggest bank, says its net profit for the first nine months of the year fell by two thirds from the same period last year. That… 25/10/2012
Grim numbers force Spain towards a bailout Spain’s economy continues to contract. The country’s central bank has calculated GDP shrank by 0.4 percent between July and September from the previous… 23/10/2012
Basques and Catalans eye chance in crisis One effect of the financial crisis on Europe is its encouraging of the efforts of separatists who think their regions would be better off if they were not… 22/10/2012
End of the road for Spanish motorway The AP-41 motorway linking Madrid and Toledo has gone bankrupt as Spanish motorists steer clear of toll-roads to save money. There are 21 companies running… 12/10/2012
European markets at close: 11.10.2012 11/10/2012
Spanish bank stress tests move Madrid closer to bailout An independent audit of Spanish banks has found the country’s troubled lenders would need 59.3 billion euros to stay solvent if there were a serious economic… 28/09/2012
Spain takes its time over rescue Spanish Prime Minister Mariano Rajoy is playing his cards close to his chest. While in New York, visiting the UN, he did not announce anything relevant to his… 26/09/2012
Bailout call delay pushes up Spain’s borrowing costs The amount of interest that the Spanish government is having to offer to borrow money in the short term is again creeping up. That is because investors… 25/09/2012
Spain borrowing costs ease, Catalonia unhappy Spain’s borrowing costs on its 10-year government bonds fell to the lowest level since January on Thursday. At its latest debt auction raised 4.8 billion… 20/09/2012
Inflation adds to Spain’s woes There is more economic pain for the people of Spain in the form of higher inflation. Consumer prices surged in August for the second month running. They… 30/08/2012
Catalonia wants 5 billion euros from Madrid Spain’s northeastern region of Catalonia has asked Madrid for just over five billion euros in rescue aid from a central government fund. Catalonia, which… 28/08/2012
Spanish recession set to deepen Spain is falling deeper into recession as Madrid moves closer to seeking a European rescue package. Data released on Tuesday show the economy shrank 1.3… 28/08/2012
Spain weaker than previously thought It seems Spain’s economy was in a worse state than we knew. GDP contracted by more than previously estimated in 2010 – by 0.3 percent – more than the 0.1… 27/08/2012
ECB support hopes help Spanish borrowing costs The amount of interest that Spain had to pay fell at its latest short-term debt auction on Tuesday. That implies investors believe the European Central Bank… 21/08/2012
Spain’s bank bad loans hit record high The number of so-called bad loans – that is those that are unlikely to ever be repaid – held by Spanish banks rose to a record high in June. The loans that… 17/08/2012
Spain bailout report as unemployment hits new high Spain’s unemployment has worsened again. Between April and June, the jobless rate rose to 24.6 percent of the workforce from 24.4 percent in the first… 27/07/2012
Spain’s borrowing costs hit new highs It is getting more difficult for Spain’s government to borrow money. The Spanish Treasury did manage to sell just under three billion euros worth of… 19/07/2012
Spain’s bad bank loans rise The number of bad loans held by Spanish banks continues to rise. In May those so-called non-performing loans, which are unlikely to ever be repaid, now… 18/07/2012
Spanish crisis dragging more into homelessness Every day, Spain sinks a little deeper into crisis. And many Spaniards are caught up in the vicious circle with unemployment figures topping 24 percent… 18/07/2012
Spain’s economy: getting enough help? Spain is still struggling with its problems: new austerity measures recently announced by the prime minister together with the EU bailout may ease the crisis… 13/07/2012
Europe Weekly: Brussels warns Bucharest to protect democracy In this week’s Europe Weekly we focus on the latest financial aid for Spain and we explore the increasingly tense relationship between Bucharest and Brussels… 13/07/2012
Spanish inflation steady Inflation in Spain held steady in June at a 21-month low. That is well below the eurozone average and signals consumer spending is falling in the recession… 13/07/2012
European markets at close: 10.07.12 10/07/2012
Spanish unemployment falls, more austerity promised There was some good news on jobs for Spain but more austerity is coming. The total number of people out of work there fell by nearly 100,000 in… 03/07/2012
Spain faces fight to save regions Spain’s banks are not the only worry for the Madrid government – the country’s overspending regions were largely responsible for Spain missing its deficit… 20/06/2012
Reality check for European stocks Reaction in Madrid’s stock exchange to the European bailout fund for Spanish banks went from euphoria to realism on Monday. Most of the banking sector’s… 11/06/2012
Reaction to Spain’s bank rescue The Spanish government’s decision to seek help from other eurozone countries to prop up its stricken banking system doesn’t appear to have been taken lightly… 11/06/2012
European markets enjoy a bailout bounce European markets enjoyed a sustained surge in early trading thanks to a bigger-than-expected EU bailout of Spain’s ailing banks. It was the country’s banks… 11/06/2012
Little relief in bank bailout for Spain’s jobless The EU bailout of Spain’s banks may have brought some relief to Madrid and eurozone leaders, but for those struggling to find work in the country the outlook… 11/06/2012
Spain, one battle in the bigger euro war Around Europe the banking community has been holding its collective breath aware that if Spain’s banks did not get outside help their collapse would send… 08/06/2012
Report sees little hope for Spain’s jobless youth With a 50 percent youth unemployment rate, Spain’s young jobless have been dubbed ‘the screwed generation.’ A new report by a Spanish government body… 06/06/2012
EU, Germany explore Spanish bank rescue German and EU officials are reportedly urgently exploring how to rescue Spain’s debt-laden banks, even though Madrid has not yet requested assistance and is… 06/06/2012
Spain’s Bankia a red flag Spain’s third-largest lender, Bankia, has become the symbol of the country’s runaway debt. The bank’s need for extremely serious amounts of cash has… 06/06/2012
Rajoy calls for eurozone fiscal authority The number of unemployed people in Spain fell slightly in May. The decrease was seen across all sectors, the largest being agriculture. The number of… 04/06/2012
Spain’s fiscal survival Spain has elbowed Greece out of the spotlight. The concerns over its ability to survive fiscally have been growing everywhere, except in Madrid. The Spanish… 01/06/2012
Spanish banking crisis worsens Spain’s borrowing costs continued to lurch higher and share prices tumbled on the Madrid stock exchange this week as investors become more convinced the… 30/05/2012
Spain’s bank bailout plans boost borrowing costs Spain’s shaky banks, the country’s indebted regional governments and Madrid’s plans for helping them have pushed up its borrowing costs to unsustainable… 29/05/2012
Black Monday for Spanish banks Newly nationalised Bankia saw its share price plunge after asking for an additional 19 billion euros in state aid. With investors doubting the ability of… 28/05/2012
Bankia’s black hole to be plugged Spain’s government is to inject at least nine billion euros into Bankia, the country’s fourth largest lender, in the process taking control of it. Economy… 23/05/2012
Spain warns of second quarter contraction Spain is forecasting an economic contraction for the second quarter of 0.3%. This would be in line with the contraction from January to March. The Economy… 21/05/2012
Bankia’s woes Bankia continued its descent into hell on Thursday in Madrid, despite partial nationalisation. The share price of Spain’s fourth biggest bank was down 1.1… 10/05/2012
Spain part nationalises Bankia Trying to draw a line under a four-year banking crisis, the Spanish government has effectively taken over Bankia, one of the country’s biggest lenders. The… 10/05/2012
Spanish bank rescue plans moves forward Spain is stepped up it efforts to save the country’s troubled banks with a plan to make them recognise the huge losses from the bursting of the property… 09/05/2012
Spanish bank chairman steps down The chairman of Spain’s Bankia, Rodrigo Rato, announced his resignation on Monday. The Spanish government is on the verge of announcing a rescue plan for the… 07/05/2012
Spain jobs: glimmer of hope or flash in the pan? Spain’s jobless rate fell very slightly in April, by 6,632, but a closer look at the figures shows that was due to seasonal short-term jobs over Easter and… 04/05/2012
Spain mulls ‘bad bank’ to cure financial sector With Spain now officially back in recession, a quarter of its working adults out of work, and its financial sector bombed-out by bad debt the government has… 30/04/2012
Spain’s lost generation Currently, the best Spain’s 10.5 million 18-35 year olds can hope for is to find a job, even if it is temporary and underpaid. Some still live at home with… 26/04/2012
Banks count cost of crisis Quarterly reports from some of Europe’s top banks are showing how the eurozone crisis is biting. First quarter net profit at Spain’s Santander dropped by… 26/04/2012
Spain to spend less on health, education To calm euro zone debt crisis fears, the Spanish conservative government plans to axe ten billion euros in spending on health and education to meet a deficit… 24/04/2012
Property bubble slams CaixaBank The bursting of the Spanish property bubble continues to hit bank profits there. On Thursday CaixaBank shares fell over two percent after it posted an 84… 19/04/2012
Spanish Repsol anger threatens trade There are potentially major financial ramifications to both Spain and Argentina from the decision by the South American country to re-nationalise Repsol… 18/04/2012
Spain’s economy forces families to sleep at the wheel Nearly a quarter of the workforce unemployed, the cost of borrowing going up – Spain’s financial crisis is often a list of seemingly sterile figures. The… 16/04/2012
Rajoy: Spain’s deficit reduction is urgent Spanish Prime Minister Mariano Rajoy has admitted his country has a huge task ahead to get its finances back on track, but there is no alternative… 11/04/2012
Eurozone’s debt troubles continue Amid increasing worries about the eurozone’s debt problems, countries are finding it difficult to borrow money by selling government bonds – for different… 11/04/2012
Spain warns on bank capital The head of Spain’s central bank is warning the country’s lenders may need to raise more capital if the economy deteriorates. Miguel Angel Fernandez… 10/04/2012
Big contrast in Iberian debt Spain’s tough austerity budget has failed to reassure the financial markets, and at its latest auction of government bonds Madrid had to offer higher interest… 04/04/2012
Rajoy seeks to calm investor nerves in Spain Spanish Prime Minister Mariano Rajoy has given his first speech since the government published its 2012 budget last week, promising his austerity policies… 02/04/2012
Spain under pressure from EU ministers Spain is not yet the new Greece but it is raising some eyebrows in Brussels. Mariano Rajoy’s new government has admitted it will miss a deficit goal agreed in… 12/03/2012
Spain’s jobless claims hit new high Spain’s unemployment rate has got even worse reaching 22.9 percent of the workforce. The number of Spaniards filing for unemployment benefits rose in… 02/03/2012
Greek deal helps Italy, Spain and Portugal’s borrowing costs In terms of sales of government bonds, Italy and Spain benefited from Greece securing its new bailout. The amount of interest Rome and Madrid had to offer… 21/02/2012
Spain’s economy shrinks but bond demand stays high There was confirmation of the grim state of Spain’s economy with the release of figures showing gross domestic product shrank by 0.3 percent at the end of… 16/02/2012
Spain parliament agrees to debate eviction lawThe Spanish parliament has bowed to public pressure and agreed to debate a citizens’ motion that would protect indebted homeowners from eviction. Hundreds… 13/02/2013
Spanish jobs pain worsensThere is no respite in sight for Spain’s unemployed. The jobless rate there has now soared to its highest level since government statisticians first… 24/01/2013
Spain to re-house nearly 6,000 evicted familiesThe Spanish government is to offer low-rent housing to vulnerable families who have had their own homes repossessed. Officials hope the homes will help some… 18/01/2013
Catalonia: ceremony for President MasArtur Mas has taken up his post as Catalonian President in a ceremony at the Generalitat Palace, after he was re-elected on Friday. Mas heads the… 24/12/2012
Protesters angry at Spain’s ‘hunger budget’Protesters marched through the streets of Madrid after Spanish lawmakers approved next year’s budget with 39 billion euros worth of painful cuts. Some had… 21/12/2012
Madrid prepares for protests as budget is passedThe Spanish parliament has approved the 2013 budget with savings of 39 billion euros. The government says the tough cuts are needed to fix the public finances… 20/12/2012
Spain’s jobless rate hits 4.83 millionThe number of people out of work in Spain has climbed again. An extra 128,000 people were unemployed in October, according to the latest figures from the… 05/11/2012
Budget cuts push Spain jobless to 25 percentOne in four Spaniards are now out of work as the unemployment rate hit a record high in the third quarter. More are expected to lose their jobs next year as… 26/10/2012
Spain budget minister: 2013 may be ‘last year of recession’Spain’s budget minister has presented an optimistic assessment of the country’s economy, putting on a brave face over the latest gloomy figures. Cristóbal… 23/10/2012
Spain minister: 2013 may be ‘last year of recession’Spain’s budget minister has presented an optimistic assessment of the country’s economy, putting on a brave face over the latest gloomy figures. Cristóbal… 23/10/2012
Standard and Poor’s downgrade Spain’s ratingSpain’s credit rating has been downgraded to BBB-minus – in other words, just above junk status. Standard and Poor’s say the country’s deepening economic… 11/10/2012
Spain seeks to avoid bailout as debt soarsEurope’s Economy Comissioner, Olli Rehn, has been meeting with Spanish officials to discuss its options in the wake of its bleak outlook. It comes after the… 01/10/2012
Spain braced for more misery as Madrid unveils 2013 budgetA budget to get the country out of a crisis – that is how Madrid is describing a new swathe of austerity measures for Spain for 2013. It includes tax hikes –… 28/09/2012
More misery for Spain as Madrid unveils 2013 budgetSpain can look forward to a new round of spending cuts and tax hikes after the government unveiled its 2013 budget. Public sector pay is to be frozen for a… 27/09/2012
Thousands turn out to demand Catalan autonomyAn unprecedented one-and-a-half million Catalans turned out onto the streets of Barcelona for their annual independence day – but this year the call for… 12/09/2012
VAT hikes add to Spanish woesAusterity linked sales tax increases in Spain saw the rate on meat and fish increase from eight to ten percent. Shoppers have been complaining about the… 01/09/2012
Spaniards dash to the shops to beat VAT hikeSpaniards made a last minute dash to the shops on Friday as they looked to beat new VAT tax hikes that comes into effect this weekend. Tax on non-basic… 31/08/2012
Spanish jobless protest against benefits reformProtesters in Madrid rallied against a government move on Friday that will make it harder for the unemployed to claim benefits. Jobless people receive 400… 25/08/2012
ECB hopes pull down Spain’s debt costsThe amount of interest that Spain had to pay to borrow fell at an auction of short-term government bonds on Tuesday. That implies investors believe the… 21/08/2012
Rajoy wants to know bailout conditions as Spain protests austerity cutsRail workers strike in Spain as the country edges towards a possible sovereign bailout. They were protesting against the privatisation of the rail sector as… 03/08/2012
Spain anti-privatisation rail strike disrupts trainsHundreds of trains have been cancelled in Spain amid a one day strike by rail workers protesting against privatisation plans. The government wants to sell… 03/08/2012
