jose luis rodriguez zapatero
March 3rd, 2011
Spain’s registered unemployment advanced for a second month in February, deepening the divide between peripheral economies struggling to recover from the financial crisis and Germany’s booming labor market. The number of people registering for jobless benefits in Spain rose by 68,260, or 1.6 percent, from January to 4.3 million, the Labor ...
Continue reading Spanish Unemployment Rises in February
March 2nd, 2011
Qatar will invest 300 million euros in Spanish banks and has discussed other investments with Spain's prime minister, Qatari Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani said on Monday. The prime minister said the move would be to "invest in these companies and capitalise them." "We have confidence in the ...
Continue reading Spanish Banks to Get €300 Million Cash Injection from Qatar
March 1st, 2011
The Bank of Spain didn't exactly bare all last week, but its report on Spain's cajas was the best peek we've had yet inside these troubled savings banks. The cajas account for 42% of the country's total banking assets, but so far trying to divine the scale of their losses ...
Continue reading Bank Disclosures a Good Sign for Spain
February 28th, 2011
Spanish Prime Minister Jose Luis Rodriguez Zapatero is beating his Portuguese counterpart Jose Socrates as they battle to convince investors they can stem the debt crisis and restore economic growth. The extra yield investors demand to own Portuguese 10-year bonds rather than Spanish securities has climbed this year, approaching levels reached ...
Continue reading Spain Leading Portugal in Debt Race
February 24th, 2011
Spain is winning the struggle to restore financial market confidence and is convinced Germany will back a stronger euro zone rescue fund despite Chancellor Angela Merkel's domestic troubles, Prime Minister Jose Luis Rodriguez Zapatero said. "We are winning the battle, but I still have my guard up because we have to ...
Continue reading Spain Winning the Financial Battle, Says Zapatero
February 11th, 2011
Prime Minister Jose Luis Rodriguez Zapatero is keeping Spanish voters guessing on whether he will stand again in elections next year. "We must dedicate ourselves throughout 2011 to talking not about the Socialist Party, but about Spain," Zapatero said recently. "We mustn't talk about the future of the party, but the future ...
Continue reading Zapatero Keeps Voters Guessing Over 2012 Elections
February 7th, 2011
German Chancellor Angela Merkel on Thursday hailed reforms undertaken by eurozone member Spain to revive its battered economy and fend off the need for an Irish-style bailout. "Spain has really done its homework and for that reason I think Spain is on a very good path," she said when asked during ...
Continue reading German Chancellor Praises Spain's Economic Reforms
February 4th, 2011
Spanish Prime Minister Jose Luis Rodriguez Zapatero said Wednesday that an accord signed with labor unions and employers' federations marks a new step toward economic recovery and job creation. The broad economic and social pact is aimed at lifting the country out of recession and improving Spain's dire employment picture. The ...
Continue reading Zapatero Hails Pact for Economy Overhaul
February 2nd, 2011
Spain's La Caixa took a major step forward in the wider overhaul of the country's savings bank sector on Thursday, setting out plans to boost its capital and become a listed bank. Spain's regional savings banks -- known as cajas -- are under pressure from the government of Prime Minister Jose ...
Continue reading Spain's La Caixa to Create New Listed Bank
January 21st, 2011
Spain's regional savings banks are planning a March road show to Asia to drum up investor interest, having failed as yet to strike any private sector deals, savings bank sector sources told Reuters on Tuesday. The latest attempt to attract private capital into the unlisted savings banks, or 'cajas', follows similar ...
Continue reading Spanish Cajas Campaign to Attract Asian Investors
January 13th, 2011
Spain’s savings banks still need to boost their capital ratios and can tap resources from a government rescue fund under “rigorous” market conditions, Prime Minister Jose Luis Rodriguez Zapatero said. The fund “is in place as a mechanism for capitalization and restructuring in unexpected situations,” Zapatero said in a speech in ...
Continue reading Spanish Cajas Need to Boost Capital, Says Zapatero
January 12th, 2011
In the euro zone's simmering debt crisis, the Battle of Spain will likely be decisive in 2011. But the European Union is preparing to fight it with one hand tied behind its back because Germany is blocking any financial lifeline for a country until it is actually drowning. Astonishingly China, which pledged ...
Continue reading Spain Faces Tough Fiscal Challenge
January 5th, 2011
Spain’s jobless numbers fell for the first time in five months in December, data showed Tuesday, and the prime minister said the government beat its target for reducing its public sector deficit last year as it fights to fend off a debt crisis. Weighed down by massive unemployment and shrinking tax ...
Continue reading Spanish Deficit Down as Unemployment Eases
December 29th, 2010
Spain needs five years to “correct” imbalances in its economy, Prime Minister Jose Luis Rodriguez Zapatero said, as he pledged not to backtrack on an “ambitious” pension overhaul. “We have been fighting the crisis for two years and we will need five years to correct the structural imbalances in this economy,” ...
Continue reading Spanish PM Calls for Unity to Solve Economic Difficulties
December 28th, 2010
Spanish Prime Minister Jose Luis Rodriguez Zapatero and King Juan Carlos last Saturday opened the country's fourth high-speed rail line, making the country the European leader in the technology. The 438-kilometre (272-mile) route will slash travel time between the Spanish capital and the Mediterranean port of Valencia, Spain's third-biggest city, from ...
Continue reading Spain Becomes European High Speed Rail Leader
