Banks seized nearly 40,000 homes in Spain

Last Updated: Saturday, May 11, 2013, 20:21

The Banco de España study showed that in 83 percent of the cases the homes were primary dwellings.

Spanish economy will recover in 2014: Mariano Rajoy

Last Updated: Thursday, May 9, 2013, 18:18

Spanish Prime Minister Mariano Rajoy called Wednesday for staying the course on the reforms implemented by his government and said that adjusting the deficit target had avoided "the strangulation" of society.

Spain's consumer confidence improves

Last Updated: Saturday, May 4, 2013, 21:52

The CIS Friday said this meant a 8.8 percent increase on a monthly basis, while a 12.8 percent rise in annual terms as April 2012 Spain's consumer confidence stood at 50.3 points, reported Xinhua.

Spain to get time till 2016 to reduce deficit: EU

Last Updated: Saturday, May 4, 2013, 15:00

Spain's unemployment rate hit 27.16 percent in the first quarter of this year, with the number of jobless people topping 6 million for the first time, according to the National Statistics Institute.

Spain expects economy to contract in 2013

Last Updated: Saturday, April 27, 2013, 19:40

Those figures are more pessimistic than earlier projections of a 0.5 percent contraction and a budget deficit equivalent to 4.5 percent of the nation's gross domestic product this year.

Spain's budget deficit hits 10.6%

Last Updated: Tuesday, April 23, 2013, 10:48

Spain's budget deficit was equivalent to 111.64 billion euros ($145.5 billion) last year, with the financial industry rescue included, Eurostat said.

Spain sees renewed investor confidence: Minister

Last Updated: Monday, March 4, 2013, 10:27

Spain's economic meltdown started with the bursting of the real estate bubble in the wake of the financial crisis caused by the failure of US investment bank Lehman Brothers in 2008.

Spain could get more time to reduce deficit: EU

Last Updated: Saturday, February 23, 2013, 11:37

The European Union's economic and monetary affairs commissioner said Friday that Spain may be given more time to reduce its budget deficit if it is shown to have fulfilled its structural fiscal obligations.

Spain earmarks $4.67 bn for job creation

Last Updated: Friday, February 15, 2013, 10:11

The investment, which will be co-financed by the European Social Fund, is part of the 2013-16 Entrepreneurship and Youth Employment Strategy.

Spain extends benefits for long-term jobless

Last Updated: Saturday, January 26, 2013, 09:56

Spanish Deputy Prime Minister Soraya Saenz de Santamaria made the announcement to reporters, saying the measure will help ease the "dramatic" effects of unemployment.

Spain's economy contracts by 1.3%

Last Updated: Thursday, January 24, 2013, 10:03

The Spanish economy contracted 1.3 percent in 2012, with the recession intensifying in the last quarter of the year and the gross domestic product falling 0.60 percent, compared to the previous quarter, the Bank of Spain said Wednesday.