Spain

EU to Give Spain, France More Time to Cut Deficit

The European Commission will propose giving Spain, France and several other euro zone states more time to cut their public deficits below the target limit of 3 percent of GDP, newspaper El Pais said on Saturday.

Spain to Get EU Bank Aid December 15 in Return for Job Losses

European authorities will transfer 35 billion euros to Spain's state bank rescue fund on December 15 in exchange for massive layoffs at Spain's four nationalized banks, including state-rescued Bankia (BKIA.MC), El Pais newspaper reported on Sunday.

Spain Suspends Home Evictions for Most Needy

Spain approved measures on Thursday to help the most needy families facing eviction, a growing problem in the recession-bound nation highlighted last week by the suicide of a woman whose home bailiffs came to seize.

Spain targets London investors for "bad bank"

Spain's Economy Minister will meet investors in London on Thursday in the hope of tempting them to buy into a 'bad bank' that will house billions of euros of the country's soured real estate assets.

Spain debt rises on aid to banks, regions, finance cost

Spain's debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, its budget showed on Saturday.

Spain to be careful, calm on aid request decision

Spain will analyse the conditions and modalities of the European Central Bank's bond-buying program carefully and at length before taking a decision on an aid request, Spain's Deputy Primer Minister Soraya Saenz de Santamaria said on Friday.

Rajoy says Spain already meets conditions for aid

Spain will consider seeking extra aid from Europe on top of a 100 billion rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers on Sunday.

Armstrong storm creates few waves at Tour of Spain

RadioShack-Nissan, a fusion of Lance Armstrong's former team and Leopard-Trek, are focused on the Tour of Spain and had no comment on overnight developments that threaten the American's Tour de France wins.

Spain in talks with euro zone over sovereign aid -sources

Spain is negotiating with euro zone partners over conditions for aid to bring down its borrowing costs, though the country has not made a final decision to request a bailout, three sources with knowledge of the matter said on Thursday.

Spain says there must be no limit set on ECB bond buying

The European Central Bank must take forceful and unlimited steps to buy sovereign debt to help Spain reduce its refinancing costs and eliminate doubts over the euro zone's future, Spain's economy minister said in comments published on Saturday.

Spain exports a cushion, no springboard for growth

Spanish goods exports extended a strong run of growth in June, but a reliance on European buyers and the slow pace of structural reform mean policymakers' hopes that a rapidly improving trade balance may rescue the economy look misplaced.

Pages