Spain Reaps Investment Boon as Rajoy Reforms Lure FDI

Prime Minister Mariano Rajoy’s progress in luring investors back to Spain is spreading well beyond the bond market.

IMF says Spanish recession 'may end soon'

MADRID: Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment rate, the IMF warned Wednesday.

Spain, Portugal push for full banking union as Germany finds hurdles

(Reuters) - Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced.

Spain Has EU’s Largest Deficit, Undermining Rajoy Pickup

Spain’s budget deficit was the largest in the European Union last year, underlining the challenge faced by Prime Minister Mariano Rajoy as he prepares a new plan to foster an economic recovery.

Portugal faces no-confidence austerity vote

Portugal's government faces a no-confidence motion on Wednesday, brought by opposition Socialists amid mounting unhappiness with the country's austerity measures.

Spain borrowing costs dip despite Cyprus crisis

MADRID: Spain's borrowing costs dipped in a bond auction Thursday, easing concerns that a feared banking meltdown in Cyprus could scare investors away from other troubled eurozone states.

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.

Spain sells debt despite regions, recession

MADRID (Reuters) - Spain sold more short-term debt than planned on Tuesday, with demand shored up by expectations the country will ask for aid after ratings for some of its most indebted regions were cut to 'junk'.

Spanish bailout stance to dictate demand

(Reuters) - A Spanish bond sale next week will be a gauge of investor confidence in euro zone policymakers' latest efforts to defuse the region's debt crisis, with markets on the lookout for signs of stronger demand.

Spain Expects to Tap About $75 Billion in Rescue Financing for Its Banks

MADRID — Spain expects to use about 60 billion euros, or $75 billion, of the 100 billion euros of bank rescue financing offered by European finance ministers in June, according to the Spanish economy minister, Luis de Guindos.

Debt crisis: Murcia could request €700m from Spanish government

Spain’s Murcia region could request up to €700m (£550m) from the central government to keep it afloat, amid growing concern over the state of the regions’ finances.

Spain will not seek bailout if new conditions: EU source

Spain will not seek eurozone financial aid beyond an agreed rescue for its banks if more conditions than those already agreed for recapitalising lenders are attached, an EU source said Tuesday.

Spanish recession to last until 2014, IMF warns

Spain's unprecedented double-dip recession will last for at least a further 18 months and poses a threat to the rest of Europe, the International Monetary Fund said.

Spain relieved, angry over humiliating bank rescue

MADRID (AP) — Spain's grinding economic misery will get worse this year, despite the country's request for a European financial lifeline of up to €100 billion ($125 billion) to save its banks, Prime Minister Mariano Rajoy said Sunday.

Spanish savings banks mull merger as debt crisis bites

Three Spanish savings banks, Ibercaja, Liberbank and Caja3, are considering a merger to strengthen their balance sheets as the country's debt crisis continues to bite.

Spanish minister calls on ECB to buy more bonds

Jaime Garcia-Lehaz, a deputy minister in Luis de Guindos's economy ministry, said on Friday: "They [the ECB] should step up the purchase of bonds" after the cost of insuring Spain's bonds against default surged to record levels.

ECB may act to bring down Spanish borrowing costs

The European Central Bank may intervene to pull down Madrid's borrowing costs as prime minister Mariano Rajoy warned that debt had created a "vicious circle that strangles Spain".

Brussels' austerity drive must be stopped if eurozone is to survive

Looking back over 2012, it was clear where it had all started to go wrong for the eurozone. Markets had rallied strongly in the first two months of the year following the decision by the European Central Bank in late 2011 to provide cheap three-year loans to commercial banks starved of credit.

Why Spain’s now threatening to drag down Europe

Just when we thought the euro crisis had subsided for a bit, Spain is bursting back up as a trouble spot. On Wednesday, Prime Minister Mariano Rajoy said the country is “facing an economic situation of extreme difficulty.”