Spain

Crumbling Greek flag with euro

More Good News for the PIIGS – Housing Prices

The European Central Bank announced a negative interest rate policy on Thursday. It may not have been enough for the stimulus-addiction crowd, but this is truly an experiment. If the ...
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Google’s Dirt Cheap Laptops Are Coming to Nine More Countries

Google’s (NASDAQ: GOOG) Chromebooks, the low-cost laptops powered by Google’s web-dependent Chrome operating system, are coming to nine more countries. Google announced, via poem, that Chromebooks would soon be available ...
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Spain

Friday Surprise: Greece and Spain Get Credit Ratings Upgrades

It seems almost too hard to believe, but we have seen two of the PIIGS upgraded by different credit ratings agencies this Friday. Fitch ratings has raised Greece's sovereign credit ...
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Spain

Is Banco Santander Becoming Safe to Invest In Again?

Banco Santander S.A. (NYSE: SAN) may be a banking giant based in Spain, and that automatically makes it one the banks of the PIIGS nations. Something hard to utter in ...
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Spain

S & P Raises Outlook On Spain–The Details

Spain, one of the most badly damaged economies in Europe got a break as S&P raised its outlook on the nation's sovereign paper to "stable" from "negative. The debt will keep ...
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Spain’s Unemployment Problem Gets Worse

Spain's Ministry of Employment and Social Security reported that in October its economy lost 87,028 jobs and the total number of unemployed in the southern European nation rose to 4,811,383. ...
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Spain

No Relief for Unemployed in Spain

Unemployment in Spain has been above 24% for several months, and there is nothing about the nation's economy that will reverse that. The central government has complained that austerity is ...
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Spain

Spanish GDP Contracts 0.5% in First Quarter

Spain’s Instituto Nacional de Estadística (INES) reported this morning that the country’s gross domestic product (GDP) shrank 0.5% sequentially in the first quarter of 2013, the seventh consecutive quarter of ...
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Greece, Spain Unemployment Rates Still the Highest in the EU

Unemployment in the euro area grew again in March, supporting the obvious conclusion that a lack of stimulus, terribly high unemployment and the crippling of the financial and industrial sectors ...
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The Countries With the Highest Unemployment

The U.S. unemployment rate continues to tick down, hitting a more than four-year low of just 7.6% in March. In much of Europe, however, the situation is very different. If ...
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Spain

Record High European Unemployment — Eurostat

Eurostat reported that unemployment in 17-nation euro area continues to hover at 12%. It is worth remembering that, at the depths of the recession, U.S. joblessness barely topped 10% during ...
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Spain

Spain’s Unemployment Edges Closer to 5 Million

Spain's number of unemployed reached a the staggering level of 4,907,817 last month, according to the government's labor arm. That almost certainly means that the 25% unemployment figure the nation ...
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Spain

Unemployment in the EU Is Still Rising

Eurostat reports that unemployment in the euro area has risen again: The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in October 2012, up from 11.6% in September. The EU271 ...
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Catalonia Votes for Independence

In a snap election announced just a few weeks ago, voters in the Spanish region of Catalonia have given a clear majority of votes to parties seeking referendum on independence ...
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What’s Important in the Financial World (11/7/2012)

Spain's Growth Slows Spain has cut its growth forecasts again (or rather, experts have), which means it will ask for more time to solve its problems. And its path to ...
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