Last Updated: Monday, July 2, 2012, 11:56
Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product than occurred in the first three months of the year, when it slipped by 0.30 percent.
Last Updated: Tuesday, June 12, 2012, 12:31
The cut comes just one day after Fitch downgraded the country's two biggest banks, Santander and BBVA, and one week after cutting Spain's sovereign ratings to BBB from A, Xinhua reported.
Last Updated: Saturday, June 9, 2012, 11:56
Government officials in various European capitals and EU authorities in Brussels said on Friday evening that they are standing by to act immediately if the Spanish government finally makes a request for EU aid.
Last Updated: Thursday, June 7, 2012, 12:53
Economy Minister Luis de Guindos on Wednesday said that Spain has no immediate plans to request a European bailout of its banks, a news wire has reported.
Last Updated: Tuesday, May 29, 2012, 15:35
Spanish retail sales fell 9.8 percent in April as against the revised fall of 3.8 percent in March, official data showed on Tuesday.
Last Updated: Tuesday, April 24, 2012, 10:51
Spain's gross domestic product shrank 0.4 percent in the first three months of this year after contracting 0.3 percent in the fourth quarter of 2011, according to figures released Monday by the central bank.
Last Updated: Thursday, April 5, 2012, 10:50
Spain's Treasury raised 2.59 billion euros (USD 3.4 billion) Wednesday in an auction of bonds maturing in 2015, 2016 and 2020, but paid sharply higher interest rates on the debt compared to the previous sale.
Last Updated: Monday, January 30, 2012, 23:16
Spain's economy contracted by 0.3 percent during the fourth quarter, according to official figures released Monday, edging the country closer to a new recession as it deals with huge levels of unemployment and painful austerity cuts.
Last Updated: Friday, December 30, 2011, 09:04
Spain's centre-right government will announce billions of euros in savings measures on Friday, using its first decrees since sweeping to power at November elections to give the nation a foretaste of tougher austerity to come.
Last Updated: Tuesday, December 20, 2011, 12:55
Spanish Prime Minister-elect Mariano Rajoy Monday unveiled the general policies of his government, including reducing the public deficit by 16.5 billion euros (USD 21.4 billion) in 2012 and increasing the portion of the budget going to pensions.
Last Updated: Sunday, November 20, 2011, 09:32
Spaniards are expected to throw out the Socialists they blame for a disastrous economic situation in an election Sunday and to vote in a center-right party likely to dole out more bitter medicine in the form of public spending cuts.
Last Updated: Wednesday, October 19, 2011, 13:53
A double-notch downgrade to Spain's credit ratings has piled more pressure on European leaders to make rapid progress on solving the region's debt crisis or face unbearable borrowing costs.
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