MADRID (Reuters) – After a year of radical reforms that made Spain more competitive but also exacerbated a deep recession, Prime Minister Mariano Rajoy has largely lost his appetite for aggressive and unpopular cuts to pensions or state bureaucracy.
His plunging approval rating at home is holding him back as unemployment soars to 27 percent. Sources within the government say he has also reached the view that deeper reforms at home will win him few points in negotiations with European partners.
MADRID (Reuters) – Spain’s official population fell last year for the first time since the 1940s as immigrants fled a five-year on-and-off recession that has sent unemployment soaring.
The number of residents fell by 206,000 to 47.1 million, the National Statistics Institute said on Monday, a figure entirely accounted for by the fall in the number of registered foreign residents.
MADRID (Reuters) – A former HSBC employee wanted in Switzerland on allegations of stealing data on tens of thousands of bank accounts came before a Spanish court on Monday for extradition proceedings, arguing he was a whistleblower fighting corruption.
The data caused a furore in 2010 when it ended up in the hands of tax authorities in France, Italy, Spain and other European countries, which have used it to seek to recover billions of euros in lost taxes.
BARCELONA, Spain, April 11 (Reuters) – Every Sunday evening
up to 4.3 million people in Spain tune into a quirky but
hard-hitting news show that has become an unlikely television
success as crisis-plagued Spaniards try to figure out how their
country got into the mess it is in.
On “Salvados”, which means “Saved” in English, journalist
Jordi Evole, 38, asks experts and ordinary people disarmingly
simple questions to explain the costly bailout of Spain’s banks
or the looming hole in the pension system.
MADRID (Reuters) – When a corruption scandal hit Spain’s ruling party earlier this year, attention turned to the Accounts Tribunal, an obscure body that audits public spending.
Surely this independent institution, with an annual budget of $78 million and 800 workers, could shed light on allegations in the media that a former treasurer for the People’s Party had run a slush fund from party headquarters.
It is 1 a.m. on Good Friday and thousands of people hush their chatter in Seville’s Duque Plaza. A cloud of incense is the only sign of what approaches.
SEVILLE, Spain (Reuters) – It is 1 a.m. on Good Friday and thousands of people hush their chatter in Seville’s Duque Plaza. A cloud of incense is the only sign of what approaches.
First come the penitents, hundreds of mute figures in cone shaped hoods and long robes. They carry meter-long white candles. Then the centerpiece sways into view – a gilded float with an 18th Century wooden statue of Jesus.
MADRID (Reuters) – The head of Spanish intelligence was quizzed behind closed doors in parliament on Tuesday over whether public money had been spent on a woman whose friendship with King Juan Carlos has fueled talk of scandal and abdication.
Members of the parliamentary committee which oversees security spending and Felix Sanz of the National Intelligence Centre were bound by official secrecy not to reveal the content of the hearing, which lasted for some two hours in Madrid.
MADRID, March 14 (Reuters) – Spain is ruling out asking its
banks to set aside more provisions to cover potential losses on
loans on top of writedowns enforced in 2012, a senior official
from the economy ministry said on Thursday.
“Absolutely not,” said the official, who spoke on condition
of anonymity, in response to a question on further provisions.
MADRID, March 14 (Reuters) – Spanish broadband provider
Jazztel said on Thursday it expected revenue to jump to
as much as 1.6 billion euros by 2017 from 909 million last year
through investment in a fibre optic network and a focus on
mobile telephone clients.
In a strategic plan it forecast a rise in net profit to
between 180 million and 220 million euros in five years from 62
million last year.