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Tag: Spain

Spain Likely to Unveil New Austerity Steps on Second Week of July -Sources

Jul 04 2012 14:01:07 in Market

Spain's Govt is finalizing and giving finishing touches to an up to 30 billion euro package of spending cuts and tax hikes - govt source Spain's Govt is likely to announce the first measures next week of July Spain is set to accept the offer of the European Commission to take an extra year, un... Read more

Spain Service Sector Remains In Negative Territory

Jul 04 2012 08:01:02 in Market

The Spain service sector contracted in June, but the rate of decline slowed from the prior month, Markit Economics said Wednesday. The headline seasonally adjusted Purchasing Managers' Index rose to 43.4 in June from 41.8 in May. The reading below 50 indicates contraction in the sector. Read more

Spain Jobless Claims Tumble In June

Jul 03 2012 13:01:09 in Market

Spain's unemployment numbers declined for a third consecutive month in June as the country prepared for the start of the summer tourism season. The country is in the throes of a deepening recession as well as a debt crisis and has the highest jobless rate in the euro area. Read more

Spain to take Cautious Steps to Meet Deficit Targets says Econ Min Guindos

Jul 03 2012 09:01:09 in Market

Spain's Govt will pass additional measures in order to achieve its annual deficit target, Economy Minister Guindos said The Govt said it was considering raising consumer, energy and property taxes to make up for the shortfall Guindos said toxic real estate assets are parked to later be sold off, ... Read more

Rajoy - Spain Has No Plans Use European Tool to Stabilize Markets

Jun 29 2012 13:31:23 in Market

News    Rajoy said he did not plan to use the European rescue funds to stabilize financial markets after new flexibility was agreed at EU summit Rajoy said: "no, the truth is that we're not planning anything along those lines. Read more

Ewg Discussing Finland's Proposal of Primary Mkt Help, covered Bonds in Italy, Spain - Officials

Jun 28 2012 19:31:07 in Market

European Working Group discussing Finland's proposal for Spain and Italy to issue covered bonds to make their debt issues more attractive and allow ESM to bid at primary auctions of the two countries "The EWG is discussing the Finnish proposal on covered bonds and their role in primary market s... Read more

Eu Leaders to Discuss Primary Market Support for Italy, Spain -Official

Jun 28 2012 14:31:02 in Market

EU leaders are likely to discuss the possibility of the eurozone's bailout funds intervening to buy Spanish and Italian bonds, EU officials said. Read more

Research: Sentiment in Spain and Italy Bounces Back on Bank Bailout

Jun 28 2012 11:31:02 in Market

Quotes from Societe Generale Cross Asset Research: -The latest European Commission survey appears to be a classic example of the triumph of hope over expectations. Overall, the headline economic sentiment index fell by 0.6 points to 89.9, its lowest level since October 2009. Read more

Cyprus, Spain Applications to Join the Efsf have Been accepted by Finance Ministers of Ez

Jun 27 2012 15:31:09 in Market

Cyprus finance minister said Cyprus and sprain's application to join EFSF is accepted after teleconference with euro zone finance ministers Quotes "Today, a short while ago, in a teleconference of the finance ministers of the euro zone the application of Cyprus was accepted with that of Spain,"&n... Read more

Spain's Recession Deepening In Q2: Bank Of Spain

Jun 27 2012 10:31:08 in Market

Spain's recession will intensify in the second quarter, the Bank of Spain said in its monthly bulletin on Wednesday. The most recent information, referring to the second quarter, suggests that the activity has continued declining at a faster rate, the bank said. Read more

Spain Recession to Worsen in Q2 -

Jun 27 2012 09:31:06 in Market

Spain's economic indicators suggest that economy will contract at a faster rate in the Q2 than Q1 said C bank The economy shrunk by 0.3 pct in the Q1 as Spain fell back into recession for the first time in three years. Read more

Ez Finance Ministers to Discuss Cyprus, Spain in Call on wed - Officials

Jun 26 2012 17:31:07 in Market

EZ finance ministers will hold a teleconference on Wednesday to discuss request from Cyprus, Spain - officials Cyprus might need up to 10 billion euros from EZ govts to finance its budget needs and to recapitalize its banks The material has been provided by Instaforex Company - instaforex. Read more

Spain & Italy Face Soaring Borrowing Costs

Jun 26 2012 13:01:03 in Market

Spanish and Italian borrowing costs surged at auctions on Tuesday as investors were increasingly concerned about the outlook for the eurozone ahead of a crucial summit of EU leaders. Read more

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