New black day for global financial markets due to the fall of Spain, whose index Ibex 35 drops to 9580 points.
In Argentina, the stock fell more than 1%, the country risk goes up 735 points and Argentine bonds shrink by almost 3%.
The Bovespa in Brazil also operates falls, but more moderate. The Brazilian stock market [...]
The unemployment rate in Spain will rise to 19.4 percent this year and 19.7 percent in 2011, the country´s central bank has said.
Job creation will not start until the “final quarters” of 2011, the Banco de Espana said Tuesday in a report on the economic outlook for the country.
The central bank´s job creation forecast, however, [...]
Severe plans to sort out the finances of Castilla La Mancha have been approved that will aim to eradicate absenteeism, postpone the inauguration of hospitals, revise maternity aid and reduce public spending.
The belt-tightening will be tough and varied, trying not to touch social spending. The nine autonomous regions who have submitted their plan at the [...]
Spain´s Cabinet will pass economic regulations including measures to improve financing for small and mid-sized companies in a decree on March 30, El Pais reported, citing Prime Minister Jose Luis Rodriguez Zapatero.
The government will also approve tax breaks for renovations to housing in an attempt to get unemployed builders back to work, the newspaper said.
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The Council of Ministers once again focused its attention on those social groups most affected by the economic crisis and those in a more severe situation of social vulnerability. Therefore, approval was granted for those measures that will best enhance and support this year’s National Action Plan for Social Inclusion.
The First Vice-President of the Government, [...]
A wave of industrial and social unrest is building across Europe as workers resist attempts by governments and private companies to impose austerity policies, drive down wages and rescue some nations from near-bankruptcy.
Huge protest rallies took place in cities across Spain yesterday; today a general strike could paralyse Greece while industrial action at French airports [...]
Spain´s public debt is still at manageable levels, and less than the OECD average in relation to GDP, but it must be brought be under control, OECD Secretary General Angel Gurria said in Madrid on Tuesday.
He also said Spain´s debt situation is not comparable with that of Greece.
“I believe that the situation with Greece´s debt [...]
Spanish trade unionists will pour on to the streets to protest against Socialist prime minister José Luis Rodríguez Zapatero´s attempts to reform a moribund economy that has left one in five Spaniards out of work.
Marches are due in Madrid, Barcelona and Valencia in a show of union muscle designed to head off reforms to both [...]