Spain

With the Brexit Vote only adding that much more uncertainty, the reality is setting in that this could spell long-term trouble for the European Union. Britain never did share its currency, but they...
Jon C. Ogg
Source: thinkstockThe 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...
Jon C. Ogg
Google’s Chromebooks, the inexpensive laptops powered by Google’s Chrome operating system, are coming to New Zealand, the Philippines, Norway, Denmark, Mexico, Chile, Belgium, Spain and Italy. In...
Evan Hanson
Source: ThinkstockIt 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...
Jon C. Ogg
Source: ThinkstockBanco 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 the same...
Jon C. Ogg
Source: ThinkstockSpain, 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...
Douglas A. McIntyre
Source: ThinkstockSpain’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...
Douglas A. McIntyre
Source: ThinkstockUnemployment 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...
Douglas A. McIntyre
Source: ThinkstockSpain’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,...
Paul Ausick
Source: ThinkstockUnemployment 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...
Douglas A. McIntyre
Source: ThinkstockThe 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 the...
Michael B. Sauter, Alexander
Source: ThinkstockEurostat 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...
Douglas A. McIntyre
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...
Trey Thoelcke
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...
Trey Thoelcke
Source: ThinkstockIn 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 from...
Paul Ausick