EU, OECD press Spain to focus on reforms, growth
MADRID (Reuters) - The European Union and the OECD group of wealthy countries piled pressure on Spain on Wednesday to step up economic reforms and focus on growth not just...
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Spain admits recession worse but gets deficit leeway
MADRID/BRUSSELS (Reuters) - Spain acknowledged that its economy would shrink more than initially expected in 2013 and its budget deficit would be higher than promised, but the European Union gave...
Europe austerity debate to weigh on Spain’s new economic plans
MADRID (Reuters) - Spain will unveil new economic plans on Friday that government officials say will tread a fine line between growth and austerity. Prime Minister Mariano Rajoy will present...
Spain to revise down 2013 GDP growth target to -1 percent
MADRID (Reuters) - Spain will revise down its economic growth forecast for 2013 next week and seek more time from the European Union to reduce its budget deficit as recession...
Spain mulls merger of Catalunya Banc and Bankia: sources
MADRID (Reuters) - Spain is mulling a full or partial merger of nationalized lenders Bankia and Catalunya Banc to minimize the cost for taxpayers of maintaining the two banks, three...
Long-suffering Bankia shareholders set for more losses
MADRID (Reuters) - Spain's Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses on bad loans at the...
Long-suffering Bankia shareholders set for more losses
MADRID (Reuters) - Spain's Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses on bad loans at the...
U.S. fiscal cliff, Europe’s debt woes worry G20
MEXICO CITY (Reuters) - Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called...
U.S. fiscal cliff, Europe’s debt woes worry G20
MEXICO CITY (Reuters) - Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called...
Analysis: Rajoy’s bailout shyness adds to Spain’s risks
MADRID (Reuters) - The longer Prime Minister Mariano Rajoy puts off asking for aid from the euro zone, the greater the risk of further financial turmoil and an even worse...