spain

Can humanity afford to have history repeat itself? In June 2010, economist Paul Krugman discussed parallels between contemporary economic policies and events in the 1930s. At that time, Krugman wrote regarding the prospect of austerity policies in Europe: "How bad will it be? Will it really be...

With the glory days of Spain's rapid economic boom of the mid-nineties long since passed, the new prime-minister Mariano Rajoy, in office since December, is currently faced with three major problems afflicting the country: high unemployment, budget deficits, and excessive weakness of the banking...

The ECB did not change its rates earlier today, consistent with investor expectations. Both Spain and France had strong demand for bond auctions today. Spain's yield was nearly 5% on its longest term offering, a significant increase. With ECB rates holding steady at a record low 1%, today's...

Know any recent college grads with great full time jobs outside of the technology field? What about those 20 something's scrapping by with a part time job or two? There are lots of those young adults across the globe. The recent recession in the United States has created a generation of over-...

Shortly after signing an agreement with 25 other European Union leaders for a new fiscal treaty that would punish euro zone countries that failed to meet budget targets, Spanish Prime Minister Mariano Rajoy dropped the bombshell that Spain was going to run a bigger 2012 deficit than the one it had...

The leaders of most European Union countries signed a new fiscal treaty aimed at preventing another sovereign debt crisis from happening. The leaders also hope that the treaty, also referred to as the fiscal compact, will reassure the markets that troubled euro zone members like Spain and Italy...

There was more bad news out of Europe on Thursday when the European Union's statistics agency Eurostat announced that unemployment in the euro zone had climbed to a euro era record high and inflation was on the rise too. Eurostat said that unemployment across the euro zone had reached 10.7 percent...

The European Central Bank provided euro zone area banks with another 530 billion euros ($712 Billion) in cheap loans on Wednesday. The European Central Bank (ECB) hopes that the low interest loans that it gave to 800 euro zone banks will give the euro zone economies a boost and lower the borrowing...

The European Commission (EC) released a report today saying that last quarter's economic contraction will extend into the first two quarters of 2012, sending the euro zone group of economies into a recession. Today's report from the European Commission forecast that euro zone economies will shrink...

The euro zone unexpectedly shrank in February, adding to fears that Europe might be about to fall back in to recession. The latest survey results from Markit Economics' purchasing managers' index (PMI) showed that the index fell back to 49.7 in February, down from 50.4 in January. The results are...

Despite getting bad publicity from Moody's Investors Service recently, France and Spain both conducted bond auctions on Thursday that the two countries deemed successful. Earlier this week Spain was downgraded and France was put on downgrade watch by Moody's but the two Eurozone countries managed...

Moody's Investors Service announced that it was placing more than 100 European financial institutions in 16 countries on review for possible downgrades. Reasons for the possible downgrades that were cited by Moody's included the Eurozone financial crisis, earlier downgrades of multiple Eurozone...

Stock prices across Europe fell during early Tuesday trading after Moody's Investors Service downgraded the credit ratings of several European Union countries. Moody's downgraded the credit ratings of Italy, Malta, Portugal, Slovakia and Spain and gave each of them a negative outlook as well. The...

Italy saw its borrowing costs drop significantly on Monday, following the Greek Parliament's approval of another set of austerity measures. Passage of the austerity measures were crucial in order for Greece to receive its next round of bailout funds and to avoid a possible default. European Union...

Japan's economy shrank more than expected during the last quarter of 2011, as a strong yen and floods in Thailand hampered Japanese efforts to recover from last year's earthquake and tsunami. The Japanese economy shrank an annualized 2.3% during the 4th quarter, which was a much bigger drop than...