Business
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
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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
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…
More articles
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Unemployment rate rose 0.6% in the fourth quarter of 2011
According to the Basque statistics office Eustat, the number of people in work dropped by 1.1%.
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Mariano Rajoy will push ahead within weeks on labour reform
It is difficult to see how the reforms can help Spain's immediate battle with a chronically-weak economy…
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Spanish Parliament approves first batch of austerity measures
The measures, which also include income and property tax hikes, were approved Wednesday in the lower…
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Spanish Govt. expects banks to come up with additional provisions
Economy Minister Luis de Guindos said this had to be done without posing a burden for public finances.…
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Euro zone funding fears pushes European stocks lower, hits Euro
The euro eased 0.1 percent to around $1.2930 on Thursday, nearing a 2011 low of around $1.2856 hit on…
-
Number of people filing for unemployment benefits hits 15-year high
The Labor Ministry said Tuesday that 4.42 million people are now out of work and receiving benefits,…
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