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Fragile Rebound in Spain, Warns IMF
The IMF warned on Friday of a fragile economic recovery with an expected growth forecast for 2011 lowered to 0.6 per cent from a 0.9 per cent forecast made in April. The report from the IMF stated that “The particular challenges facing Spain will...
Many Happy Returns
Inevitably there will always be some expatriates who wish to return to their roots; we all know of friends and neighbours who have returned to the UK or Eire. They do so for a combination of reasons. It could be financial, they are often for family...
Spain Hopes for Economic Recovery By Cutting Government Spending
The Spanish labor minister – Celestino Corbacho said that Spain’s economic recovery is going to be achieved by focusing on cutting down on government spending. This way, the massive deficit can be overcome rather quickly. “If we cut pensions,...
Spanish economy heading right back to recession
The Spanish economy will contract 0.7 per cent this year according to the Foundation of Savings Banks (FUNCAS) returning to negative growth in the third and fourth trimester, which will suppose the return of the technical recession (two consecutive trimesters...
IMF calls for urgent reform in Spain
On Monday, the IMF called on Spain for “urgent” banking and labor reforms as Zapatero’s government struggled to rein in Spain’s public deficit amid a worsening European debt crisis. “Spain’s economy needs far-reaching...
Cajasur gets bailout from Bank of Spain
May 23 (SpanishNews.es) — The Andalucian based Spanish savings bank Cajasur, controlled by the Roman Catholic Church has been taken control of by Spain’s central Bank Saturday amid growing concerns over Spain’s ability to clean out its...
Spain drags out of recession
Spain has managed to drag itself out of the recession in the first quarter, according to the latest figures published by the Central Bank on Friday, becoming the last major world economy to return to growth. Analysts however, warned that any growth would...
Spanish economy still in recession after 7 quarters
Spain has still not been able to emerge from the clutches of the global meltdown, a
Jobless count in Spain almost 4 million
Data released by the Ministry of Employment has revealed that unemployment in Spain
