Spain cuts growth forecasts but says no need for 'major reforms'

The eurozone’s fourth-largest economy had previously forecast that growth would fall by 0.5pc this year.

Spanish banks halt evictions amid growing protests

MADRID (AP) — Spain's major banks agreed on Monday to suspend some evictions of homeowners unable to pay their mortgages after hundreds of thousands of Spaniards lost their homes during the crushing economic crisis and two recently committed suicide.

EU fin mins blocked on thorny banking union

LUXEMBOURG (AP) — Europe made little progress Tuesday in its efforts to secure the region's stricken financial system and ensure that failing banks never risk an entire country's economy again when finance ministers from the 27-country European Union failed to agree on how a single banking supervisor should be set up.

Spain says convinced will find investors for bad bank

LONDON (Reuters) - Spain's Economy Minister said on Thursday he was certain the country would find interest from the private sector for the 'bad bank' it is setting up to park billions of euros in soured real estate assets.

Europe bailout of Spain could cost $125 billion

MADRID: Spain will ask for a bailout for banks felled by bad real estate loans, in an about-face that European officials welcomed Saturday and said could cost up to (euro) 100 billion ($125 billlion).