Spain economy to be better in 2013: Mariano Rajoy

Last Updated: Monday, October 29, 2012, 11:49

Spanish Prime Minister Mariano Rajoy has expressed confidence that 2013 will be a better year and that the economic crisis can begin to be overcome in the near future.

Spain jobless rate hits record high; tops 25%

Last Updated: Saturday, October 27, 2012, 10:56

The ranks of Spain's unemployed climbed by 85,000 in the third quarter to more than 5.75 million, pushing the jobless rate to a record 25.02 percent, the National Statistics Institute, or INE, said Friday.

Spain to announce austerity measures in 2013 budget; protest continues

Last Updated: Thursday, September 27, 2012, 09:17

Spain will announce a series of economic reforms and a tight 2013 budget on Thursday even as thousands of anti-austerity demonstrators are demanding the resignation of that Prime Minister Mariano Rajoy.

Spanish PM says he's focused on euro, Spain's interests

Last Updated: Monday, September 3, 2012, 10:17

Spain's negotiations within the European Union have focused on measures "that benefit the general interests of the euro and those of Spain at every specific moment" and decisions are made "on that basis", Spanish Prime Minister Mariano Rajoy said in an interview published Sunday.

Spanish government approves `bad bank' for toxic assets

Last Updated: Saturday, September 1, 2012, 13:48

Spain's government has approved a new financial sector overhaul required by Brussels as a part of a bank-rescue programme, creating an asset-management agency - or "bad bank" - to segregate troubled real-estate assets and paving the way for the orderly resolution of non-viable entities.

Spanish govt approves 65 bn euro austerity package

Last Updated: Saturday, July 14, 2012, 11:52

Spain's economy has been battered by the global recession and the collapse of a massive real-estate bubble, which has left banks saddled with toxic property assets.

Spain govt announces $79 billion austerity package

Last Updated: Wednesday, July 11, 2012, 12:51

Spain's government on Wednesday announced a 65 billion euro (USD 79.85 billion) austerity package to be shaved off the state budget over the next two years by hiking sales tax and cutting on spendings.

EU needs fiscal, bank integration: Spanish PM

Last Updated: Wednesday, June 6, 2012, 10:45

The European Union should move toward fiscal and banking integration, said Spanish Prime Minister Mariano Rajoy.

Spain threatens Argentina over YPF seizure

Last Updated: Wednesday, April 18, 2012, 09:18

An incensed Spain threatened swift economic retaliation against Argentina on Tuesday after it unveiled plans to seize YPF, the South American nation's biggest oil company which is controlled by Spanish energy group Repsol.