Posted In: spain, Europe debt crisis, bailout
The Spanish government is suspending foreclosures for the neediest homeowners just a week after a woman there committed suicide when officials arrived at her apartment to seize it.
Posted In: spain, Europe debt crisis, bank bailout
Wounded banks in Spain will now be able to draw up to $125 billion in money from the EU. Spanish Prime Minister Mariano Rajoy credited government reforms with limiting the scope of the financial crisis to the banking system.
Posted In: spain, bonds, interest rates, Europe debt crisis
Spain raised $2.6 billion in a bond sale this morning, but the higher interest rate of 6.1 percent shows that investors are still concerned that Spain has not wiped their hands clean of the financial mess just yet.
Posted In: Argentina, spain, Repsol, Oil
Spanish oil giant Repsol currently controls Argentina's largest national oil company, but perhaps not for long.
Posted In: marijuana, spain
Over 50 percent of a small village in northern Spain has voted in favor of a plan to allow marijuana to be grown there. The aim is to generate money for the village to help wipe out its debt. However it's still unclear if the idea will go ahead.
Posted In: spain, Catholic church, Unemployment
The Catholic church in Spain is trying to draw more members to its ranks by promising a "job for life," but that is problematic for a number of reasons.