Income Spain Latest Information

Income Spain Latest Information

Does Spain deserve its financial battering?
The country, which is in its fifth year of recession, has recently proved ungovernable and has a debt it can probably never repay despite bailouts, may find itself forced to default and reissue its own currency.

Spain's White Elephants Feel the Pinch of Economic Crisis
The City of Arts and Sciences rises from the edge of Valencia's center like a modern-day Xanadu. Designed largely by native son and internationally renowned architect Santiago Calatrava, its marvelous collection of spiny, bleached white buildings has been a major tourist attraction in this Spanish port city ever since it was inaugurated in 1998. But more recently, the complex has lost some of ...

Yen advances; Greece, Spain woes slam euro
The safe-haven yen posted sharp gains against the euro and dollar on Thursday on concerns about banks in Spain and Greece, chances of contagion if Greece leaves the euro and disappointing U.S. economic ...

Spain clears bond sale, but borrowing costs up
Spain’s borrowing costs lurch again higher at a bond auction Thursday as mounting doubts over Greece’s future in the euro zone have spurred investor fears that other fiscally frail nations could be the next weak links in the currency bloc.

Spain's most indebted village pays the price of its profligacy
East of Madrid stands village of Pioz, which has the dubious titled of most indebted place Spain, writes Fiona Govan.

Inside Spain's Consolidation Program
Governments in the eurozone have been cutting almost everything these days. Discover if the strategy is working.

In Spain, Jobless Find a Refuge Off the Books
As the recession deepens, more workers are getting by on the black-market economy that amounts to as much as a fifth of the country’s gross domestic product.

Spain's Bankia delays results, shares dive
Troubled Spanish bank Bankia delayed publishing first quarter results on Wednesday, stoking fears over the scale of losses at the newly nationalized lender and sending shares down 10 percent. Bankia was ...

FOREX-Yen advances; Greece, Spain woes slam euro
* Worries about Greece euro exit, banking sector hurt euro * Euro hits 4-month low vs firmer dollar, 3-month low vs yen * Spain's Bankia shares tumble, talk of possible downgrades (Adds quote, updates ...

NEW PROBLEMS FOR SPAIN
Borrowing costs rose in Spain Wednesday, with the 10-year yield crossing the 6% mark for the first time in two weeks amid rising concerns about the banking sector.

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