English | دری

Tag "spain economy"

Back to homepage

Despite Upturn in Economy, Spain Still Not Out of the Woods

By Eve Pearce The year 2008 marked the commencement of one of the harshest crises encountered by the Spanish economy in history. Finally, there is a silver lining on the horizon, with the International Monetary Fund claiming (in June, 2014)

Read More

Lionel Messi faces tax fraud allegations

Argentinean footballer, currently playing for Barcelona and four times winner of FIFA World Player of the Year, arrived at a Spanish court along with his father to face tax fraud allegations. They accused of defrauding the authorities of more than

Read More

Unemployment rate drops in Spain in December

Hope glimmers as the Spanish Labor Ministry announced a drop in the country’s unemployment. The number of unemployed in Spain, adjusted for seasonal swings, fell by 41,023, or 0.8%, in December from the previous month, the first drop since July.

Read More

Spain’s debt level to increase further next year

Spain is not any far from being the fourth European nation to ask for a bailout, as the government has predicted the debt level to increase further. Treasury Minister Cristobal Montoro said debt would likely reach 85.3% of the country’s

Read More

More Reforms Needed for Spain- Spanish Prime Minister Mariano Rajoy

Spanish Prime Minister Mariano Rajoy said that Spain’s economy needs to undertake further reforms that would help it become more flexible and competitive, after the International Monetary Fund (IMF) called for wider reforms. Spain has to cut down its budget

Read More

Spanish savings banks mull merger as debt crisis bites

Three Spanish savings banks, Ibercaja, Liberbank and Caja3, are considering a merger to strengthen their balance sheets as the country’s debt crisis continues to bite. The banks said their boards would meet on Tuesday to vote on the merger. The

Read More