Spain
Global currency and stock markets continue to bounce around as the fight over the fate of Spain’s economy continues. Will its budget cuts be enough? Will it press for a huge bailout? The nation’s...
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Paris Auto ShowThe Paris Auto Show had its usual large number of new model introductions, along with dozens and dozens of displays of cars and light trucks already on sale around the world....
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Spain Seeks Budget CutsThe search for solutions to Spain’s financial trouble continues and becomes more complicated by the moment. It has not been determined whether Spain can cut its own budget...
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Source: nationsonline.orgThe search for solutions to Spain’s financial trouble continues and becomes more complicated by the moment. It has not been determined whether Spain can cut its own budget...
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The pain in Spain appears to be about to get worse. Yields on 10-year government bonds rose 22 points to 5.93%, following an announcement from the Catalonia region that a new election that is widely...
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It was not hard to find video of Spanish workers rioting outside the parliament yesterday. They numbered into the thousands, if not more. While they took to the streets to protest austerity, their...
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The Financial Times reports that European Union officials have started to work with Spain on a bailout and European Central Bank purchases of its bonds. The paper reports:According to officials...
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The bickering over the structure that banks and sovereign bailouts should take continues among Europe’s leaders. As a meeting of the finance ministers of the region ended, two critical issues...
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Record iPhone 5 PreordersAT&T Inc. (NYSE: T) claims the Apple Inc. (NASDAQ: AAPL) iPhone 5 set a presale order record, supporting news over the weekend that even Apple itself is sold out. The news...
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This week’s economic and market news headlines have been dominated largely by Mario Draghi’s bond-buying program and now by an official unemployment rate of 8.1% with only 96,000 payrolls added...
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The unemployment rate for the 17 member nations of the eurozone did not change in July, holding steady at 11.3%. What did change was the raw number of unemployed, which is now 18.002 million...
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The notion that Spain’s economy could recover from the current flat spin on its own always was wildly improbable. The country does not have the means, either in its manufacturing, financial...
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Spain’s unemployment rate continues to rise without a break. The Instituto Nacional de Estadística (National Statistics Institute) reported that in the second quarter unemployment rose to just...
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Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government...
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Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government...
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