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Spain Debt

Spain's Deep Recession

Jaime Pozuelo-Monfort | Posted 01.23.2014 | Politics
Jaime Pozuelo-Monfort

Spain is in deep recession not only economic-wise, but from every other point of view. Nothing works well in the Kingdom, not even the Monarchy. Profound changes are necessary if Spaniards wish to have any future at all.

Spain's Current Economic Pain Nothing New

Lee Tunstall | Posted 03.12.2013 | World
Lee Tunstall

Financed by exuberant foreign bankers, encumbered by huge debt, and trying to dominate a dysfunctional Europe, Spain was an overextended empire that eventually squandered great wealth. There are definite echoes of the past that have come down from this time to modern-day Spain.

Spain Is Maybe Ready To Ask For Help Now

AP | CIARAN GILES | Posted 10.18.2012 | Business

MADRID -- Spain raised (EURO)4.6 billion ($6 billion) at a sharply lower cost Thursday amid growing expectations that the cash-strapped country will s...

'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...

The Euro Gets a New "Transmission" From Super Mario

Terry Connelly | Posted 09.30.2012 | World
Terry Connelly

In their view, the ECB has no treaty-based mandate to print money or undertake "quantitative easing" in this way. If that is the case, however, then the euro is a suicide pact, powerless to defend itself against its own demise.

Euphemisms for Spain

Matthias Krug | Posted 07.08.2012 | World
Matthias Krug

No, this is definitely not referring to Angela Merkel. Rather, it is a different tactical approach, looking to instill some much needed humor in the midst of an extremely serious population. And if you can laugh at your own follies, you're half-way towards some serious self-(social) criticism.

Spain Requests Help To Save Its Troubled Banks

AP | CIARAN GILES | Posted 08.24.2012 | Business

MADRID (AP) — Spain has made a formal request for a loan to help clean up its troubled banking sector, the Economy Ministry said Monday. ...

Greek Respite Leaves Euro Problems Unchanged

Theresa Bradley | Posted 06.19.2012 | World
Theresa Bradley

For European leaders, the central challenge is bigger, and has been mounting for years: How to stabilize a single monetary union that allows for 17 different fiscal policies

Time to Put Finance Back in Its Cage

Robert Kuttner | Posted 08.17.2012 | Business
Robert Kuttner

It's not that economies are too slow to appease markets. It's that the markets have too much power to destroy economies. Let's not forget -- this entire crisis was caused because markets mispriced risk.

Euro 2012: Distracting Europeans from Re-thinking Retirement

Michael Hodin | Posted 08.14.2012 | Fifty
Michael Hodin

As difficult economic questions sit on the horizon, Europe remains happily distracted by Euro 2012. And, really, who can blame them?

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.

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.

Which Road for Europe?

Robert Kuttner | Posted 08.11.2012 | Business
Robert Kuttner

Angela Merkel's increasing isolation among European leaders should increase the chances that the austerity mongers may yet relent. But Merkel, thus far, shows no sign of moderating her stance.

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 ...

Greek Opinion Polls and the U.S. GDP Figure

Richard Driver | Posted 07.29.2012 | World
Richard Driver

Figures from the German, French and eurozone-wide services and manufacturing sectors almost all disappointed, suggesting that the eurozone's avoidance of economic contraction in Q1 will prove temporary.

Sure, There's Greece... But What About Spain?

Yanis Varoufakis | Posted 07.17.2012 | World
Yanis Varoufakis

I shall concede all you want me to concede about my fellow Greeks on condition that you give me a plausible answer to a simple question: What on earth is Europe doing to Spain as part of this Grand Plan?

Spain In Recession...Again

AP | CIARAN GILES | Posted 06.30.2012 | Business

MADRID — As their losses from mortgages grow, Spanish banks have begun discussions about creating a separate entity – a "bad bank" –...

Sex Workers Punishing Banks By Not Sleeping With Employees

Posted 03.26.2012 | Business

The key to getting banks to do what you want may be as simple as adopting a strategy that women's magazines have been advocating for years: withholdin...

Spain and the Blame Game

Carles Boix | Posted 04.24.2012 | World
Carles Boix

As Spain confronts the reality of its economic woes, it's becoming increasingly difficult to separate economic fact from political fiction. Yet, while some Spanish regions have overspent their means, in the case of Catalonia (capital: Barcelona) this is far from the truth.

Spain Nears Second Recession In Three Years

AP | By CIARAN GILES | Posted 01.30.2012 | Business

MADRID -- Spain's economy contracted by 0.3 percent during the fourth quarter, according to official figures released Wednesday, edging the country cl...

Bonnie Kavoussi

Borrowing Costs For Spain Rise, As European Crisis Grows

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.18.2011 | Business

As the eurozone crisis drags on, calls are growing louder for a big bailout from the European Central Bank. Yet the fate of the euro -- and possibly t...

It's a Bad Time to Have a Home in Spain

Maryem Castillo | Posted 01.08.2012 | World
Maryem Castillo

Under Spanish law, turning over your property to the bank doesn't cancel the debt if the property is sold for less than the outstanding mortgage.

Europe Tackles Soaring Interest Rates In Spain, Italy

AP | DAVID McHUGH and GABRIELE STEINHAUSER | Posted 10.08.2011 | Business

FRANKFURT, Germany — The European Central Bank pulled Italy and Spain back from immediate financial disaster on Monday, driving down the countri...

Moody's Puts Spain On Review For Possible Credit Downgrade

Posted 09.28.2011 | Business

MADRID (Sonya Dowsett and Elisabeth O'Leary) - Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns th...

Spanish Mortgage Defaulters Face Debt Nightmare

AP | DANIEL WOOLLS | Posted 09.09.2011 | Business

ALCALA DE HENARES, Spain -- Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare...