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Fitch cuts Caja Laboral to 'BBB+' from A

Reuters

Fitch believes that it will become increasingly challenging for Caja Laboral to sustain profitability and asset quality…

Business

Eustat data

  • Industrial production of the Basque Country in December 2011 fell 2.

    Industrial production of the Basque Country in December 2011 fell 2.4%

Industrial activity in the Basque Country fell by 2.4% in December

Eustat

According to the Basque statistics office Eustat, compared to the previous month, November 2011, industrial production of the Basque…

Business

Eurostat data

Unemployment in eurozone ended 2011 at 10.4 percent, 22.9 in Spain

AP

The highest unemployment rate remains in Spain, where 22.9 percent of the working population were without work. The lowest…

Business

Debt crisis

EU opens door to possible softening of Spain deficit target

Reuters

A softer target would take account of the need for Spain, the euro zone's fourth largest economy, to stimulate growth…

Business

GDP fell by 0.3 percent

Spain on the brink of a new recession

AP

The economy is expected to slide further through March, placing Spain back in its second recession in less than three…

Business

EU Summit

Rajoy says Spain on course to avoiding slipping into another recession

APTN

Spain's economy contracted by 0.3 percent during the fourth quarter, according to official figures released Monday, edging…

Business

EU Summit

Rajoy will ask for unused EU money for job-creation programmes

APTN

Merkel voiced support for this idea and said Germany would be flexible in considering how existing European Union funds…

Business

National Statistics Institute…

Spain's unemployment figures surpass the 5 million mark

Business

Debt Crisis

IMF says Euro zone crisis escalating, poses global recession threat

Reuters

The IMF chopped its estimate for 2012 global growth to 3.3 percent from 4 percent just three months ago and warned it…

Business

International Monetary Fund

IMF says Europe should boost bailout fund to deal with Italy, Spain

Reuters

The IMF has helped fund a series of euro zone bailouts over the past two years, but with big European countries like…

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