Spanish workers are protesting in the streets against government plans to impose new austerity measures that will cut their wages. Thousands of people poured into the streets of Madrid Sunday night in a spontaneous protest sparked by calls on Internet social networking sites. A smaller group of firefighters, police and other government workers marched again […]
Spanish Workers Protesting Austerity Measures
Posted July 16th, 2012 at 11:10 am (UTC-5)
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Spanish Workers Protesting Austerity Measures
Posted July 16th, 2012 at 10:40 am (UTC-5)
Spanish workers are protesting in the streets against government plans to impose new austerity measures that will cut their wages. Thousands of people poured into the streets of Madrid Sunday night in a spontaneous protest sparked by calls on Internet social networking sites. A smaller group of firefighters, police and other government workers marched again […]
New Signs of Europe’s Weak Economy
Posted July 12th, 2012 at 9:15 am (UTC-5)
There is new evidence of Europe’s weak economic fortunes. The value of the euro used by the 17-nation currency union fell to a two-year low against the U.S. dollar — below $1.22 in Thursday trading. Meanwhile, the jobless rate in debt-ridden Greece reached a new high in April of more than 22 percent — up […]
Spanish PM Unveils $80 Billion Austerity Plan
Posted July 11th, 2012 at 10:05 am (UTC-5)
Spain’s prime minister has announced a package of spending cuts and higher taxes that he says will save the country $80 billion by the end of 2014. Prime Minister Mariano Rajoy unveiled the austerity plan to lawmakers Wednesday, saying the country is at a “crucial” moment and must end its budget crisis as soon as […]
Spanish PM Unveils $80 Billion Austerity Plan
Posted July 11th, 2012 at 6:40 am (UTC-5)
Spain’s prime minister has announced a package of spending cuts and higher taxes that he says will save the country $80 billion by the end of 2014. Prime Minister Mariano Rajoy unveiled the austerity plan to lawmakers Wednesday, saying the country is at a “crucial” moment and must end its budget crisis as soon as […]
Spanish PM Unveils $80 Billion Austerity Plan
Posted July 11th, 2012 at 6:05 am (UTC-5)
Spain’s prime minister has announced a package of spending cuts and higher taxes that he says will save the country $80 billion by the end of 2014. Prime Minister Mariano Rajoy unveiled the austerity plan to lawmakers Wednesday, saying the country is at a “crucial” moment and must end its budget crisis as soon as […]
Euro Finance Ministers Agree to $37 Billion for Spanish Banks
Posted July 10th, 2012 at 1:25 pm (UTC-5)
Eurozone finance ministers have agreed to a $37 billion bailout for Spain’s ailing banks. Eurogroup President Jean-Claude Juncker said Tuesday the money should be available by the end of the month pending final approval of the deal. Spain has asked for $125 billion in aid as its borrowing costs have soared. Officials said Tuesday the […]
Euro Finance Ministers Agree to $37 Billion for Spanish Banks
Posted July 10th, 2012 at 3:25 am (UTC-5)
Eurozone finance ministers have agreed to a $37 billion bailout for Spain’s ailing banks. Eurogroup President Jean-Claude Juncker said Tuesday the money should be available by the end of the month pending final approval of the deal. Spain has asked for $125 billion in aid as its borrowing costs have soared. Officials said Tuesday the […]
Greek PM Wants to Alter, Delay Austerity Plan
Posted July 6th, 2012 at 3:40 pm (UTC-5)
Greek Prime Minister Antonis Samaras says the country needs to alter some parts of its austerity spending plan so that it can try to emerge from its deep recession. Mr. Samaras told parliament Friday his new coalition government will not seek to escape the pledges it made to the country’s international creditors to impose widespread […]
Spanish Bank Fraud Investigation Targets Ex-IMF Chief
Posted July 4th, 2012 at 10:00 am (UTC-5)
A Spanish court has launched a fraud investigation against former executives of key lender Bankia, including the one-time chief of the International Monetary Fund. Spain’s top National Court said Wednesday it would examine fraud, embezzlement and stock price manipulation charges against 33 officials. Among them is Rodrigo Rato, the bank’s former chairman and the IMF’s […]
