Spain and the EU

Latest business news about Spain and the European Union.

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Spain, Germany team up to fight youth employment — 21 May 2013, 17:12 CET

Germany signed up Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said.

Crisis-hit Spain, Portugal back youth jobs plan — 13 May 2013, 19:57 CET

Recession-hit Spain and Portugal said Monday they welcomed "any plan" to fight youth unemployment, after reports that European powers planned to invest billions in getting young people back to work.

Italy urges fast EU action on youth unemployment — 06 May 2013, 22:34 CET

Italy's new premier urged the European Union on Monday to act quickly to tackle the problem of high youth unemployment, calling for it top the agenda at a summit of EU leaders next month.

IMF chief backs Spain's two-year deficit delay — 26 April 2013, 21:20 CET

International Monetary Fund chief Christine Lagarde voiced robust support Friday for Spain's announcement that it needs two more years to meet the European Union deficit target.

Brussels approves Spain's two-year deficit delay — 26 April 2013, 21:24 CET

The European Commission on Friday approved the Spanish government's announcement it would take until 2016 to bring the country's public deficit down under the European Union limit of three per cent.

Spain begs time to fix finances, eyes growth — 26 April 2013, 21:26 CET

Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.

Cuba opposition veteran slams EU accord plan — 23 April 2013, 23:03 CET

Veteran Cuban dissident Elizardo Sanchez urged the European Union on Tuesday not to sign a new bilateral agreement with his country's leaders, saying their recent reforms were "cosmetic" amid persistent human rights abuses.

'Probable' Spain will cut budget further: PM — 23 April 2013, 18:47 CET

It is "probable" that Spain will have to cut its state budget further this year, Prime Minister Mariano Rajoy said Tuesday, as his government struggles to bring down its deficit.

EU puts 2012 Spanish deficit at 10.6% of GDP — 22 April 2013, 13:51 CET

The European Commission released on Monday final deficit and debt data for eurozone and EU states that was in line with upward revisions announced in late March by key countries such as Spain and France.

EU warns Spain, Slovenia pose biggest economic risks — 10 April 2013, 17:57 CET

Spain and Slovenia pose the biggest economic risks and must quickly tackle excessive imbalances while France's growing debt is turning into the eurozone's "major challenge", warns the Commission,

Britain's Cameron to push reform on tour of EU capitals — 08 April 2013, 17:57 CET

British Prime Minister David Cameron visits Madrid, Paris and Berlin this week to press his case for reform of the European Union ahead of a referendum on his own country's membership of the bloc.

Spain drafts EUR 2.4 bn plan for housing, construction — 05 April 2013, 22:54 CET

The Spanish government said Friday that it would invest 2.4 billion euros over the next three years to help the poor gain access to rental housing and renovate buildings to boost the stricken construction sector.

Spain to seek softer deficit target with EU: source — 02 April 2013, 14:42 CET

Crisis-hit Spain wants the European Union to ease the country's 2013 deficit target to around 6.0 per cent of economic output from the original target of 4.5 per cent, a government source said on Tuesday.

'Surge' in Britons mulling euro transfer, says firm — 26 March 2013, 17:59 CET

Independent financial advisory company deVere Group on Tuesday reported a "surge" in the number of British expats seeking advice about moving funds out of some of the eurozone's most troubled economies following the Cyprus bailout deal.

Spain says to revise 2013 economic outlook — 20 March 2013, 12:41 CET

Spain's Prime Minister Mariano Rajoy said Wednesday his government will revise its 2013 economic forecasts, widely regarded as being overly optimistic.

Spain protesters accuse EU of servility to markets — 16 March 2013, 23:48 CET

Thousands of protesters marched Saturday in Madrid and other cities in Spain against European Union leaders' handling of the financial crisis, condemning "an EU that belongs to the markets".

EU evictions ruling heartens debtors in Spain — 14 March 2013, 21:36 CET

Homeowners ruined by Spain's economic crisis and their defenders hailed a big step forward on Thursday after Europe's top court ruled that the country's eviction laws breached EU rules.

EU court rules Spain eviction law at fault — 14 March 2013, 13:58 CET

Spanish legislation on the eviction of home owners who are badly in arrears on their mortgage payments is incompatible with EU law, the European Court of Justice ruled on Thursday.

Alarm raised over anti-migrant violence in Morocco — 13 March 2013, 16:34 CET

The medical charity Doctors Without Borders (MSF) on Wednesday raised the alarm over increased violence against illegal migrants in Morocco, pointing a finger of blame at both Rabat and Madrid.

Spain banks need no more rescue money: Brussels — 05 March 2013, 20:05 CET

Spain will likely need no more money from Brussels to fix its financial industry after receiving 41.4 billion euros to shore up banks hammered by a 2008 property crash, the European Commission said Tuesday.

Spain's bailed-out Bankia posts EUR 19 bn loss — 28 February 2013, 14:06 CET

Bailed-out Spanish banking giant Bankia suffered a loss of 19 billion euros in 2012, it said in an earnings statement Thursday.

Spain's Bankia posts EUR 19 bn 2012 loss — 28 February 2013, 11:06 CET

Bailed-out Spanish banking giant Bankia suffered a loss of 19 billion euros ($25 billion) in 2012, it said in an earnings statement Thursday.

Spain cuts public deficit to 6.7 % of GDP in 2012 — 28 February 2013, 18:55 CET

Prime Minister Mariano Rajoy announced Wednesday that Spain slashed its public deficit to 6.7 per cent of economic output in 2012, a dramatic cut in the midst of a recession yet still short of its European Union target.

Europol, Spanish police bust global cybercrime ring — 13 February 2013, 17:04 CET

Spanish police and Europol, the European Union's police coordination agency, have busted a global cybercrime operation that infected millions of computers, a source in the investigation told AFP.

Spanish farmers protest for EU subsidies — 07 February 2013, 20:18 CET

Farmers demonstrated in Madrid on Thursday against an overhaul of the European Union's agricultural policy in which they fear losing hundreds of millions of euros in subsidies each year.