Chief Correspondent, Reuters Spain
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Oct 11, 2012

Spain comfortable with waiting game on aid

MADRID (Reuters) – Spain is comfortable putting off an international aid request for weeks or even months as it waits out German political obstacles and seeks greater definition on the European Central Bank’s bond-buying program, analysts and sources say.

In the meantime, Spanish Prime Minister Mariano Rajoy is focusing on measures such as intensifying labor market reforms, as well as pushing for a European banking union that would help rebuild confidence in Spain’s tarnished banking sector.

Sep 20, 2012

In Spain, economic crisis fans Catalan separatism

MADRID, Sept 20 (Reuters) – Spain’s economic crisis is
exposing deep regional fault lines. Among Catalans on
Barcelona’s boulevards the talk is of independence, and Madrid
is worried.

This week the king and prime minister called for national
unity to get Spain through its worst downturn in decades, King
Juan Carlos recalling the spirit that built a democracy after
dictator Francisco Franco’s death in 1975.

Jul 18, 2012

Spain’s leader could learn some lessons from Portugal

MADRID/LISBON (Reuters) – Spanish Prime Minister Mariano Rajoy could learn some lessons about communication from neighbouring Portugal as he struggles to restore confidence in Madrid’s public finances and avoid an international bailout.

Spain’s borrowing costs have soared, bringing the country dangerously close to being shut out of the bond markets even after euro zone partners promised aid for its ailing banks and Rajoy announced a new austerity plan last week.

Jul 18, 2012

Analysis: Spain’s leader could learn some lessons from Portugal

MADRID/LISBON (Reuters) – Spanish Prime Minister Mariano Rajoy could learn some lessons about communication from neighboring Portugal as he struggles to restore confidence in Madrid’s public finances and avoid an international bailout.

Spain’s borrowing costs have soared, bringing the country dangerously close to being shut out of the bond markets even after euro zone partners promised aid for its ailing banks and Rajoy announced a new austerity plan last week.

Jul 9, 2012

Spain deal requires “bad bank,” more capital: source

MADRID (Reuters) – Spain will create a single ‘bad bank’ to house all its banks’ soured assets and the banks will all increase their core capital buffers to 9 percent in return for up to 100 billion euros in European aid, a government source said on Monday.

Euro zone leaders have promised to help Spain’s banks, left laden with bad debts when a property bubble burst four years ago, after it became clear that with one in four workers out of a job the country could not manage the crisis without some form of outside help.

Jun 21, 2012

New dangers lurk for rudderless Spain

MADRID, June 21 (Reuters) – Spain seems trapped on a
conveyor belt carrying it toward a furnace – an international
rescue of the euro zone’s fourth biggest economy.

Bad commercial loans, economic decline and sliding real
estate prices are all aggravating problems at Spain’s
over-extended banks, which lent too much too freely during a
credit fuelled property boom that lasted almost a decade.

Jun 14, 2012

Chicago “Love Boat” steered Spain to bailout

MADRID/BERLIN (Reuters) – In Chicago, they know about offers you can’t refuse.

So when Angela Merkel asked Spain’s prime minister out for a boat ride on the Chicago River, last resting place of more than one unfortunate who got too deep in debt, Mariano Rajoy may have had cause for unease over what the German leader would tell him.

Jun 13, 2012

Insight: Chicago “Love Boat” steered Spain to bailout

MADRID/BERLIN (Reuters) – In Chicago, they know about offers you can’t refuse.

So when Angela Merkel asked Spain’s prime minister out for a boat ride on the Chicago River, last resting place of more than one unfortunate who got too deep in debt, Mariano Rajoy may have had cause for unease over what the German leader would tell him.

Jun 10, 2012

Skeptical Spaniards pour scorn on Rajoy over rescue

MADRID (Reuters) – Confused and anxious Spaniards heaped scorn on Prime Minister Mariano Rajoy on Sunday for portraying a 100 billion euro European rescue of the country’s zombie lenders as a triumph, expressing skepticism about whether the plan will work.

With the economy contracting, one in four workers out of a job, and Greek elections next weekend overshadowing the entire euro zone, Spaniards accepted that Saturday’s announcement of the bank rescue was necessary but many doubted it would solve the problems of Spain or the euro.

Jun 8, 2012

Spain’s Rajoy tries to take charge

MADRID (Reuters) – Mariano Rajoy thought he could pull Spain out of economic crisis by sticking close to fellow conservative Angela Merkel.

But six months after he was elected prime minister the German chancellor’s slow-motion approach has let him down; Spain’s banks look in need of international rescue, state funding costs are near unaffordable, Spanish stocks are down a quarter and Rajoy’s party is sinking fast in the opinion polls.

    • About Fiona

      "Fiona Ortiz is Reuters' chief correspondent for Spain. She has also lived and worked as a journalist in Argentina, Chile, Mexico, Costa Rica, Guatemala and Portland, Oregon."
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