Spain

Two al-Qaeda suspects arrested in Spain

Two North African suspects thought to be linked to al-Qaeda in the Islamic Maghreb have been arrested in Spain

Two North African suspects thought to be linked to al-Qaeda in the Islamic Maghreb (AQIM) have been arrested in Spain, according to police. An Algerian identified as Nou Mediouni was arrested in Zaragoza, northern Spain, the interior ministry said. The other suspect, a Moroccan named Hassan El Jaaouani, was arrested in Murcia in the south. [...]

Bankia reports record 19.2 billion euros loss for 2012

Spain's troubled Bankia has reported a record loss of 19.2 billion euros for 2012

Spain’s troubled Bankia – formed of the merger of seven floundering savings banks – has reported a record loss of 19.2 billion euros ($25.2 billion) for 2012. Bankia, which received aid of 18 billion euros, made a loss of 19.2 billion euros for 2012 and put aside provisions of 26.8 billion euros. Last year, Bankia [...]

Catalonia’s independence rally in Barcelona gathers 1.5 million people

About 1.5 million people have taken part in Catalonia's annual independence rally in Barcelona

About 1.5 million people have taken part in Catalonia’s annual independence rally in Barcelona, police say. Tens of thousands of people poured into the city waving the region’s independence flag and brandishing the colors red and yellow. This year’s march, which aimed to be the biggest ever, was also a protest against the Spanish government’s [...]

Spain rattles markets as Valencia is seeking for funding help

Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets

Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets. A local newspaper in Murcia, one of Spain’s smallest regions, quoted the regional government’s head as saying it would ask for funding help of up to 300 million Euros. On Friday Valencia asked the central government for a [...]

Spain: nationwide anti-austerity protests end in unrest

Tens of thousands of people held largely peaceful protests across Spain against the latest government austerity measures

Police in Spain have fired rubber bullets to clear demonstrators in Madrid as a day of nationwide protests against spending cuts ended in unrest. Protesters set alight rubbish bins as riot police charged them in the city centre, near the parliament building. Seven people were arrested and at least six injured, officials said. Earlier, tens [...]

Spain’s borrowing costs increased with 3 billion Euros

Debt-laden Spain has raised 2.98 billion Euros on the financial markets

Debt-laden Spain has raised 2.98 billion Euros on the financial markets, but was forced to pay higher interest rates. The average yield on bonds repayable in five years rose to 6.46%, against 6.07% at an auction last month. The average yield on seven-year bonds was 6.7%, up from 4.83% last time. “They [Spain] sold what [...]

Spanish and Italian borrowing costs rise ahead of eurozone summit

Italian and Spanish 10-year bond yields have been rising ahead of a summit of eurozone finance ministers on Monday

Italian and Spanish 10-year bond yields have been rising ahead of a summit of eurozone finance ministers on Monday. The yield on Spanish 10-year bonds, which are taken as a strong indicator of the interest rate the government would have to pay to borrow money, rose above 7%, while Italian bond yields rose to 6.1%. [...]

Euro 2012: Spain wins final after beating Italy with 4-0

Spain wins Euro 2012 final after beating Italy with 4-0 and claiming a successive European crown to add to their 2010 World Cup triumph

Spain wins Euro 2012 final after beating Italy with 4-0 and claiming a successive European crown to add to their 2010 World Cup triumph. Vicente del Bosque’s side staged a compelling claim to be the greatest international side of all time as the Euro 2012 final was transformed into an exhibition with Italy – who [...]

Spain rejects bailout speculation

Spain's economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its bank sector

Spain’s economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its bank sector. Luis de Guindos said no decision would be made until audits of the banks were completed, possibly by the end of June. There have been reports in the past few days that Spain [...]

Indignants movement marks its first anniversary with protests in Madrid and other Spanish cities

Tens of thousands of people have protested in capital Madrid and in a number of Spanish cities to mark the first anniversary of the "Indignants" movement

Tens of thousands of people have protested in capital Madrid and in a number of Spanish cities to mark the first anniversary of the “Indignants” movement. In central Madrid, many protesters occupying Puerta del Sol square ignored a midnight deadline to disperse. However, by 05:00 a.m. on Sunday police had mainly evicted them. Indignants movement [...]

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