Spain reeling over financial fears: 'Will my money be safe?' ask customers in Madrid banks

19 May 2012, 1:39 pm

Spain's economy has been battered by bad news. And in Madrid, worried savers are asking where it will end.... Read More »

Spain revises 2011 deficit upwards as regions weigh

18 May 2012, 2:22 pm

MADRID (Reuters) - Spain was forced to revise its 2011 budget deficit upwards on Friday, after three of the country's regions restated their own figures, exposing the struggle the autonomous communities have had curbing spending even ahead of deeper cuts this year. Spain said its 2011 public def... Read More »

Spain stocks extend losing streak after downgrade

18 May 2012, 5:50 am

(05-18) 03:04 PDT MADRID, Spain (AP) -- Spain's stock market flirted with seven-year lows Friday as investors continued to worry about the stability of the eurozone's financial system in light of the downgrading by...... Read More »

Spain to kick off banking sector audit

18 May 2012, 1:40 am

MADRID (Reuters) - Spain, under pressure from the European Union to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the financial sector and determine how big a state bailout is needed. The Spanish government has also hired Goldman S... Read More »

Spain beset by bank crisis, downgrades, bond pressure

17 May 2012, 9:02 pm

By Carlos Ruano and Julien Toyer MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalised Bankia ...... Read More »

Spain auctions nearly $3.2 billion in debt, demand strong but yields higher amid euro crisis

17 May 2012, 3:00 am

MADRID - Spain managed to auction nearly €2.5 billion ($3.18 billion) in medium-term debt Thursday amid strong demand but at sharply higher interest rates, reflecting concerns that the country will be caught up in the fallout of the Greek crisis.... Read More »

Spain slides back into recession in Q1

17 May 2012, 1:11 am

MADRID: Spain's gross domestic product shrank by 0.3 percent in the first quarter after contracting at the same rate in the final three months of 2011, confirming a return to recession, according to final statistics published on Thursday.... Read More »

Spain’s Prime Minister Warns Country Is in Danger of Being Shut Out of Markets

16 May 2012, 7:40 am

MADRID — Spain‘s prime minister warned Wednesday that the country faced the danger of being locked out of international markets as investors continued to fret about the future of the euro and Greece’s place in the 17-country eurozone. “Right now there is a serious risk that (investors) will ... Read More »

Spain to Greek parties: form a government fast or all of us in euro zone will pay dearly

14 May 2012, 8:55 am

MADRID - Spain got caught up in the uncertainty surrounding the European single currency and the electoral stalemate in Greece Monday as it saw its borrowing costs rise and stock prices fall at alarming rates.... Read More »

Spain raises nearly $3.8 billion in debt auction

14 May 2012, 5:35 am

(05-14) 04:12 PDT MADRID, Spain (AP) -- Spain managed to raise (EURO)2.9 billion ($3.8 billion) in a short-term bond auction on Monday, but concerns over the future of the euro currency union pushed investors to demand...... Read More »