Spain Plans More Austerity, But Regions Rebel
Madrid is struggling to balance spending as its provinces grow restless.
Madrid is struggling to balance spending as its provinces grow restless.
The European Central Bank is expected to help Spain address its economic woes.
The Spanish leader unveils “necessary” austerity measures to bring spending in line with revenue.
Spain sacrifices long term economic progress to short term deficit reduction.
Germany, the Netherlands and Sweden are welfare states too yet their economies are highly competitive.
Spain is expected to ask its European allies for help to prop up its ailing banks.
German taxpayers are resistant to underwriting foreign bank deposits.
Finance minister admits that Spain can’t afford to prop up its banking sector on its own.
Summer is normally the most financially productive time of the year in Spain.
Spain is offered an extra year to reduce its budget deficit, a target its autonomous regions are unlikely to meet.
Opposition in Ireland and a worse fiscal outlook for Spain could jeopardize Europe’s fiscal compact.
The Spanish government has signaled an interest in renegotiating the position of the Rock. What’s at stake?
Britain stands on the sidelines as the rest of Europe moves toward closer economic and fiscal integration.
Spain’s new government embarks on an austerity agenda with budget cuts and tax increases.
Northern resistance to fiscal union may necessitate a bigger role for the IMF in the euro crisis.