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As Spain Goes Downhill, Zapatero Remains in Denial
Spanish Prime Minister, José Luis Rodríguez Zapatero, said Friday that he “absolutely” rules out a rescue of Spain similar to that of Ireland. Zapatero added that “despite the reduction in salaries of government employees, there...
Spain’s IBEX Loses 7% in Turbulent Week
Spanish stocks dropped 1.80% Friday with the IBEX 35 ending the week at 9,547.20 points, registering its fourth losing session this week. The turbulent week began Monday when stocks lost 2.68 per cent closing at 9,996.40, the first time the IBEX 35...
Marbella Mayor’s Magazine costs 10,000 euros per month
(Updated) The PSOE party of Marbella has revealed the cost the government has spent on the printing of the Mayor’s new “AM” magazine, without counting the cost of distribution. In the following six months, from July to December, 59,900...
Fitch downgrades Spain’s debt rating
Ratings agency Fitch downgraded Spain’s debt Friday due to Spain’s austerity measures which are seen as a threat to the country’s economic growth. “The downgrade reflects Fitch’s assessment that the process of adjustment...
U.S. congressman says Spanish economy is “five times worse than that of Greece
Republican Mark Kirk stated the Spanish economy is “five times worse than that of Greece” at the hearing of Mary Shapiro, president of the regulator and supervisor of the markets in the U.S. (SEC) in the House of Representatives. Kirk demanded...
Spanish trade unions plan massive strikes
Trade unions in Spain have announced plans to protest against Spanish Prime Minister Jose
Spanish property debt is unbearable, warns Assocation
The president of AHE (Spain’s Mortgage Association), Santos Gonzalez, has warned that the banks do
Spain’s debt mushrooms
Spain has suffered a massive increase in its national debt; according
Spain sweeps aside huge Bolivian debt
Bolivia’s 60 million euro debt to Spain was cancelled yesterday by the Spanish government
