Respite for Spain, Fiscal Challenges Remain
Spain is offered an extra year to reduce its budget deficit, a target its autonomous regions are unlikely to meet.
Spain
Ireland, Spain Cast Doubt on Europe’s Austerity Pact
Opposition in Ireland and a worse fiscal outlook for Spain could jeopardize Europe’s fiscal compact.
Fortress Under Siege? Gibraltan Sovereignty in Jeopardy
The Spanish government has signaled an interest in renegotiating the position of the Rock. What’s at stake?
Europe “Essentially Makes Keynesianism Illegal”
Britain stands on the sidelines as the rest of Europe moves toward closer economic and fiscal integration.
Spain’s Deficit Higher Than Expected, Taxes Hiked
Spain’s new government embarks on an austerity agenda with budget cuts and tax increases.
IMF to Save Italy, Spain from Default?
Northern resistance to fiscal union may necessitate a bigger role for the IMF in the euro crisis.
Spain’s Conservatives Claim Historic Election Win
The opposition People’s Party will replace the socialist administration of Prime Minister Zapatero.
European Central Bank to the Rescue
Frankfurt moves to purchase Italian and Spanish sovereign bonds in an attempt to defuse the European debt crisis.
Spanish Conservatives Prepare for Government
Spaniards will probably give the conservatives a majority even though they have few specific economic plans.
Is Austerity Failing?
Paul Krugman doesn’t tell the whole story when he points at Greece to argue against spending cuts.
Spanish Socialists Crushed at Regional Polls
Prime Minister Zapatero’s ruling party is unpopular because it implemented austerity measures while unemployment remains high.
Spanish Debt Rating Downgraded
Confidence in the government’s ability to improve its finances is deteriorating.
Conservatives Win in Spain’s Richest State
The outcome underscores the unpopularity of Spain’s socialist prime minister.
Specter of Spain’s Demise Worries Europe
The solvability of Europe’s fourth economy threatens the entire eurozone.
Ireland Renews Fears of European Debt Crisis
As different countries in the eurozone struggle, pressure on Ireland to accept a bailout is mounting.