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Spain Bailout

Spain Needs a Democratic Bailout

Carlos Carnicero Urabayen | Posted 12.01.2012 | World
Carlos Carnicero Urabayen

The costs of saving the euro and keeping Spain within the club are too high, both in social and democratic terms. We may succeed but, should we follow this path, we may be leaving democracy behind.

'Robin Hood' Mayor Robs Supermarkets, Gives Food To Poor

Reuters | Paul Day | Posted 08.15.2012 | Money

MADRID, Aug 15 (Reuters) - A Spanish mayor who became a cult hero for staging robberies at supermarkets and giving stolen groceries to the poor sets o...

Spain's Brutal Cuts Can't Lead to Growth

Jeffrey Rubin | Posted 09.18.2012 | Business
Jeffrey Rubin

If financially wayward countries such as Greece and Spain are to get back on the path of economic growth, they do have at least one arrow left in the quiver -- leaving the euro.

Euro Leaders Agree To Spain Bailout Terms

Reuters | Posted 09.08.2012 | Business

By Robin Emmott and Francesca Landini BRUSSELS, July 10 (Reuters) - Euro zone ministers agreed early on Tuesday to grant Spain an extr...

Here Comes The Spanish Firesale

Reuters | Posted 08.26.2012 | Business

* Equity stakes at risk of sale worth 22 billion euros -UBS * As much as 9 pct of blue-chip index market cap at stake * ...

Procrastination Is Costly, Action Is Priceless

Otaviano Canuto | Posted 08.25.2012 | World
Otaviano Canuto

Haven't similar experiences in the debt crises of the 1980's, Russia in 1998, and Argentina in 2001 taught us that waiting too long to restructure in situations of clear insolvency can be more costly in the end?

Euro Crisis: If We're Heading Towards a 1930s-Style Depression -- Why Is the Stock Market So Bullish?

Steven Strauss | Posted 08.19.2012 | World
Steven Strauss

This crisis is not happening quickly. It's more of a slow-motion train wreck -- Greece's crisis started in 2009. But that leaves a puzzle -- why is the American stock market not reacting to obvious warning signs?

Spain's Bank Bailout Can't Save Europe

Michael Pento | Posted 08.14.2012 | Business
Michael Pento

After the euphoria from the Spanish bailout ends, look for sovereign bond yields to once again rise, along with credit default swaps on that debt, and for global markets to continue lower. There is simply no magic bullet or elixir that can save Europe from a tremendous amount of pain.

Merkel: Fiscal Union An Unavoidable 'Herculean Task'

Reuters | Posted 08.13.2012 | Business

* Merkel speaks in parliament before June 18-19 G20 summit * Calls debt mutualisation "counterproductive" * German leade...

Germany To Italy: Stick To Austerity Measures To Avoid Crisis

Reuters | Posted 08.13.2012 | Business

* Italy's Monti appeals for politicians' backing * Schaeuble offers Monti encouragement * Investors still wary of Spain ...

Market Comeback Could Undo 'All The May Losses'

Reuters | Posted 08.12.2012 | Business

* Volatile trading before weekend Greek elections * Spanish bond yields come off euro-era high * Short interest on NYSE highest since Octobe...

Spain Shows Policymakers Are Running Out of Time

Mohamed A. El-Erian | Posted 08.12.2012 | Business
Mohamed A. El-Erian

Difficult decisions need to be made now, and not just about individual countries but also about the composition and functioning of the euro zone as a whole. There is still time for policymakers to regain control. But not much.

Italy Next In Line For Bailout?

Reuters | Posted 08.12.2012 | Business

* Fekter says Rome's high borrowing costs may drive it to aid * Italy's Monti calls comments "totally inappropriate" * ...

It Could Have Been Worse

Emilio Ontiveros | Posted 08.11.2012 | World
Emilio Ontiveros

Solutions must be contemplated in relation to the magnitude of the problems for which they're destined. And the open-ended problem of the Spanish banking system was, until Saturday, certainly complicated.

Ireland: Our Bailout Is Just As Good As Spain's Bailout

Reuters | Posted 08.11.2012 | Business

* Spanish PM, Irish opposition say Spain got better deal * Irish govt says some of its terms better than Spain's * Says ...

Nobel Prize-Winning Economist: Spain Bailout 'Not Going To Work'

Reuters | Posted 08.10.2012 | Business

By Tiziana Barghini NEW YORK, June 10 (Reuters) - Europe's plan to lend money to Spain to heal some of its banks may not work because ...

Europe's Recapitalization Support for Spain Should Be Sufficient

Georges Ugeux | Posted 08.10.2012 | Business
Georges Ugeux

The recent decision of the Spanish government to ask for a $125 billion recapitalization program was not an easy one. However, the Spanish package is substantially different from its predecessors.

Mark Gongloff

Big Questions Remain After Spanish Bailout | Mark Gongloff | Posted 06.09.2012 | Business

While European soccer players were expertly kicking the ball down the field this weekend in the Euro 2012 tournament, European finance ministers were ...

Biggest European Country So Far To Request Bailout

Reuters | Posted 08.08.2012 | Business

(Adds Spanish spokeswoman, background) * Sources-euro zone finance ministers to hold conference call Saturday * Stateme...

Spain's Rating Slashed Three Notches By Fitch

Reuters | Posted 08.07.2012 | Business

* BBB rating lowest among three major agencies * Cites higher than forecast bank recapitalisations needs * Contagion ris...

Spanish Bank Rescue Plan Being Urgently Explored

Reuters | Posted 08.05.2012 | Business

* Lawyers exploring ways for EU to help Spanish banks * Spain says awaiting audits before decision on banks * ECB holds ...

Portugal Decides To Seek European Financial Aid

Posted 06.07.2011 | Business

By Shrikesh Laxmidas and Andrei Khalip LISBON - Portuguese bank stocks rallied on Thursday after the caretaker government requested European financia...

European Debt Crisis Escalates: Will Spain Be The Next To Fall?

Washington Post | Anthony Faiola | Posted 05.25.2011 | World

The debt crisis in Europe escalated sharply Friday as investors dumped Spanish and Portuguese bonds in panicked selling, substantially heightening the...