MADRID, Oct 6 (Reuters) – Spain’s borrowing costs fell on
Thursday as it sold 4.5 billion euros of three 2014 and 2015
bonds, at the top of its target range, as European Central Bank
support on the open market eases concerns of Madrid being sucked
further into the euro zone debt crisis.
ECB buying of Spanish and Italian sovereign debt in the
secondary market has buoyed prices for those countries’ bonds,
helping lower the yields they have to offer at debt auctions, as
the two countries fight off doubts about their fiscal and
MADRID, Oct 5 (Reuters) – Centre-right leader Mariano Rajoy
is headed to a landslide victory in Spain’s election in November
but he is keeping his drastic economic policies secret for fear
of changing the mood.
It is a novel election strategy but analysts believe voters
are so keen to replace the outgoing Socialist government that
they will trust Rajoy without fully knowing what are expected to
be painful austerity measures.
MADRID, Sept 27 (Reuters) – The People’s Party, expected to
oust the Socialists in a November election in Spain, will enact
fresh financial sector reform immediately, forcing banks to
write down property holdings and mop up bad loans, a top party
The Socialists, in power for eight years, have already
pushed weak savings banks to merge with each other, find new
investors and significantly boost capital as Spain tries to
persuade investors its financial system is healthy.
MADRID (Reuters) – Spain’s centre-right opposition leader Mariano Rajoy will implement an economic “shock plan” if he wins a general election that could come within months, senior advisers and members of his Popular Party have told Reuters.
Rajoy, who polls show will be Spain’s next prime minister, anticipates strikes and protests in his first year in office, but not enough to derail an intensive reform agenda.
MADRID, July 19 (Reuters) – Spain’s centre-right opposition
leader Mariano Rajoy will implement an economic “shock plan” if
he wins a general election that could come within months, senior
advisers and members of his Popular Party have told Reuters.
Rajoy, who polls show will be Spain’s next prime minister,
anticipates strikes and protests in his first year in office,
but not enough to derail an intensive reform agenda.
MADRID (Reuters) – Spain’s Alfredo Perez Rubalcaba courted disillusioned leftist voters on Saturday after the ruling Socialists anointed him candidate for prime minister in an uphill battle to retain power.
In a televised speech, Rubalcaba said bank profits should finance job creation and proposed reviving a tax on the wealthy, although he stressed he would maintain austerity measures to cut Spain’s deficit.
MADRID, July 6 (Reuters) – Spain’s economy is on track for
growth this year, and the government does not plan any new taxes
as it works to cut the deficit, Economy Minister Elena Salgado
said on Wednesday.
Salgado also defended three government initiatives seen as
playing to leftist voters, who punished the ruling Socialist
party in regional elections in May over pro-market austerity
measures and the European Union’s highest jobless rate.
MADRID (Reuters) – Spain’s ability to meet deficit reduction targets was thrown into doubt on Monday after voters angry over austerity and the EU’S highest jobless rate gave the ruling Socialists a fierce drubbing in local elections.
A week of protests by youth fed up with the stagnant economy and a 21.3 percent jobless rate preceded Sunday elections that left the Socialists without a single important mayor’s office and only a handful of Spain’s 17 regional legislatures.
MADRID, May 23 (Reuters) – Spain’s ruling Socialists reeled
on Monday from stinging losses in local elections, and now face
a balancing act between voter anger over sky-high unemployment
and investor demands for strict austerity measures.
A week of protests by Spaniards fed up with the stagnant
economy and the EU’s highest jobless rate preceded Sunday’s
elections, which left the Socialists out of power in most of the
country’s cities and almost all the 17 autonomous regions.
MADRID (Reuters) – Spaniards began voting on Sunday in local and regional polls expected to deal heavy losses to the ruling Socialists, who are blamed for widespread unemployment that has off a wave of pre-election protests.
Tens of thousands of Spaniards demonstrated in the past week in city squares around the country against austerity measures that have kept a fiscal crisis at bay but aggravated the highest jobless rate in the European Union.