Three suspected members of the al-Qaida terror group are being questioned in a Spanish court, where a judge will decide whether they remain behind bars. Armed police shut down streets in Madrid Friday as the three men were led into the Audiencia Nacional Court. Spanish officials say the suspects are of Russian and Turkish origin, […]
Spain Arrests 3 Suspected al-Qaida Members
Posted August 2nd, 2012 at 8:05 am (UTC-5)
Spanish authorities say they have arrested three suspected members of al-Qaida. Spanish Interior Minister Jorge Fernandez Diaz told reporters Thursday that there was a “clear indication” that those detained could have been planning an attack in Spain or Europe. Authorities accuse the men of storing explosives that the minister said would be especially damaging with […]
4 Killed in Spanish Wildfires
Posted July 23rd, 2012 at 6:45 am (UTC-5)
Spanish firefighters are battling wind-driven wildfires raging along the border between Spain and France that have killed four people since Sunday. The government of Catalonia said Monday that the fire has so far burned 13,000 hectares of land near the port of Porbou and the border town of La Junquera. French officials say they have […]
Thousands Protests Against Austerity Measures in Spain
Posted June 21st, 2012 at 6:20 am (UTC-5)
Thousands of Spanish union members led protests against austerity measures in the streets of Madrid, Wednesday. The protesters want the government to consider new policies, saying the austerity cutbacks approved by the new conservative administration has not improved employment or the economy. They are concerned that Spain may have to take a European Union bailout, […]
Thousands Protests Austerity Measures in Spain
Posted June 21st, 2012 at 1:05 am (UTC-5)
Thousands of Spanish union members led protests against austerity measures in the streets of Madrid Wednesday. The protestors want the government to consider new policies, saying the austerity cutbacks approved by the new conservative administration has not improved employment or the economy. They are concerned that Spain may have to take a European Union bailout […]
Spanish PM Hails Bank Rescue Plan
Posted June 10th, 2012 at 11:15 am (UTC-5)
Spanish Prime Minister Mariano Rajoy has welcomed a European financial lifeline of up to $125 billion to rescue his country’s failing banks. Mr. Rajoy told reporters Sunday that efforts by his center-right government had prevented a wider state bailout and that the assistance his country is receiving is different than that received by Greece, Ireland […]
Spanish PM Hails Bank Rescue Plan
Posted June 10th, 2012 at 9:30 am (UTC-5)
Spanish Prime Minister Mariano Rajoy has welcomed a European financial lifeline of up to $125 billion to rescue his country’s failing banks. Mr. Rajoy told reporters Sunday that efforts by his center-right government had prevented a wider state bailout and that the assistance his country is receiving is different than that received by Greece, Italy […]
EU Approves $125 Billion Loan for Spain’s Banks
Posted June 9th, 2012 at 4:35 pm (UTC-5)
Euro zone finance ministers have agreed to lend Spain up to $125 billion to shore up its failing banks. Ministers of 17 countries that use the common currency made the decision Saturday after heated debate. Economy Minister Luis de Guindos announced earlier in the day that the Spanish government is asking for European financial help […]
EU Approves $125 Billion Loan for Spain’s Banks
Posted June 9th, 2012 at 4:00 pm (UTC-5)
Euro zone finance ministers have agreed to lend Spain up to $125 billion to shore up its failing banks. Ministers of 17 countries that use the common currency made the decision Saturday after heated debate. Economy Minister Luis de Guindos announced earlier in the day that the Spanish government is asking for European financial help […]
Moody’s Downgrades 16 Spanish Banks
Posted May 17th, 2012 at 6:45 pm (UTC-5)
Moody’s Investors Service has cut the debt ratings of 16 Spanish banks by one to three notches, citing the effects of the ongoing recession and the reduced creditworthiness of the Spanish government. Thursday’s action affects the leading Santander bank as well as the second largest BBVA bank. Two other large banks, Banesto and CaixaBank, were […]
