Spanish Economy Woes

Apr. 25 | Spains economic issues have deepened as it finds itself the holder of an unenviable record with regards to its national unemployment figures. The unemployment rate in Spain now stands at 27.2%, the highest figure in decades. Whilst the bond market pressure...

Flash Floods Kill Eight In Spain

Sep. 29 | Eight people have died, four in the tourist centres of Almeria and Malaga, and hundreds have been injured following flash floods in southern Spain caused by outbreaks of torrential rain. The Murcia and Andalucia regions were worst affected by the deadly...

Spain Needs No Further Aid – Schaeuble

Sep. 21 | German Finance Minister Wolfgang Schaeuble has dismissed suggestions that Spain requires a new aid programme. Spain has been given up to €100 bn to get its collective banks in order however monies left over will not be used to purchase Spanish government...

Spanish Recession Bites Harder

Jul. 30 | Spain has seen its recession deepen in the second quarter of the year as its GDP contracted by 0.4%, this coupled with record borrowing costs have escalated fears that Spain will find it increasingly difficult now to make good on its international loan...

Spanish Bond Yields Up

Jul. 23 | Amidst fears that Spain will lose access to the debt markets and require a fully fledged sovereign bailout, the yield on ten-year bonds now stands at 7.46%. After a relatively quiet period, the markets once again reacted negatively over fresh concerns...

Spanish Bailout To Be Approved

Jul. 20 | A €100 bn bailout for Spanish banks is expected to get the final nod of approval from Eurozone finance ministers. The mooted bailout has already received overwhelming support in the Bundestag. However it is an extremely unpopular proposition with the...

Portugal Knocked Out By Spain

Jun. 28 | Following a scoreless 120 minutes, Portugal were knocked out of the European championships by Spain on penalties on Wednesday night. However it wasn’t all good news for the reigning World and European champions, as they looked both tired and easily...

Big Four Meet To Tackle Debt Crisis

Jun. 22 | Leaders of Italy, France, Spain and Germany are set to meet in Rome on Friday to discuss ideas for tackling the ongoing debt crisis. The summit is seen as a crucial precursor to the European Union summit in Brussels at the end of this month. The use of...

Spanish Borrowing Costs Rise

Jun. 19 | Spain managed to exceed its own expectations, raising just over €3 bn euro in a short-term debt sale on Tuesday, however borrowing costs have soared. Figures from the Bank of Spain have shown that the yield increased to 5.074% and 5.107% for 12 and...

End Of The Euro Road For Traps Men

Jun. 15 | Whilst even the most optimistic Irish supporter only dared to dream of a draw last night, and it seemed an outside possibility at half time, the scale of the 4- 0 drubbing by Spain is this morning becoming apparent. Concessions of early goals, lax defending...