MADRID, Oct 9 (Reuters) – Spain’s gradual recovery from
years of financial crisis received a vote of confidence on
Wednesday from investors who bought heavily into a new 31-year
government bond despite limited prospects for economic growth
and stubbornly high unemployment.
The sale marked a major improvement from a year ago when
Spain was at the centre of the euro zone debt crisis, paying as
much as 7 percent to sell 10-year debt at auctions that depended
on buying by big Spanish banks and the state pension fund.
MADRID, Sept 18 (Reuters) – Santander’s hiring of
Rodrigo Rato, former chairman of rescued lender Bankia
, was met with dismay on Wednesday by those Spaniards
doubtful that any top financier will be held to account for the
country’s banking crisis.
Rato, appointed by Santander to its international advisory
board on Tuesday, is under investigation over allegations of
fraud at Bankia in a court case that could drag on for years.
GIBRALTAR, Aug 18 (Reuters) – The people of tiny Gibraltar -
a wealthy British enclave perched on a rocky outcrop near
Spain’s southern tip – have a tradition of griping about their
big neighbour, which claims the territory as its own.
But the tetchy relationship has taken a sharp nosedive as an
escalating spat over fishing has interrupted a decade of
relative calm, igniting concerns that Gibraltar’s tourism and
port industries could be hurt.
GIBRALTAR, Aug 15 (Reuters) – Gibraltar is confident it will
win any legal case brought by Spain in a dispute over fishing
waters and border controls, the head of the British territory
told Reuters, challenging the Madrid government to meet him in
A defiant Fabian Picardo, Gibraltar’s chief minister, said
he welcomed Spain’s new willingness to take issues with
Gibraltar to international courts, although it has not specified
what issues and what tribunal.
MADRID, Aug 9 (Reuters) – Spanish Prime Minister Mariano
Rajoy on Friday threatened unilateral measures in a spat with
Gibraltar over fisheries although he also said he hoped for
talks soon with Britain about the disputed territory.
Tensions over Gibraltar – a British overseas territory to
which Spain lays claim – flared up this month after Spain
complained that an artificial reef being built by Gibraltar
would block its fishing vessels.
MADRID (Reuters) – Dissent is growing within the usually disciplined ranks of Spain’s ruling center-right People’s Party over a corruption scandal, but there are few signs yet of any rebellion strong enough to topple Prime Minister Mariano Rajoy.
Rajoy has denied any wrongdoing in the affair which involves Swiss bank accounts and allegations of a party slush fund, but it has eroded his credibility as he tries to plug a huge budget deficit and prove Spain is not the weak link of the euro zone.
MADRID (Reuters) – Spain’s opposition Socialists said on Tuesday they would call a symbolic vote of no-confidence against Prime Minister Mariano Rajoy if he refused to appear before Parliament to answer questions about a deepening scandal over party financing.
Rajoy’s ruling centre-right People’s Party has an absolute majority in Parliament and unless there were significant defections from members of his party, he would survive the vote.
MADRID (Reuters) – Spanish jurist Baltasar Garzon, who made an international reputation in pursuing Chilean ex-dictator Augusto Pinochet in the 1990s, said on Monday he was considering a request from former U.S. spy agency contractor Edward Snowden for legal help.
Snowden, who exposed secret U.S. government surveillance programs in a series of leaks, left Hong Kong on Sunday to escape U.S. prosecution and the South American country of Ecuador has offered him asylum.
MADRID (Reuters) – A fraud investigation of Spain’s Princess Cristina was thrown into disarray on Tuesday when the Tax Agency said it had been mistaken in reporting she had been the seller of 1.4 million euros ($1.87 million) worth of properties.
Cristina, daughter of King Juan Carlos, is under investigation for alleged tax fraud as part of a wider corruption probe against her husband, Inaki Urdangarin, who is charged with embezzling 6 million euros of public funds.
MADRID (Reuters) – A refreshing gin and tonic may have been just what Spanish members of parliament needed after sessions grappling with unemployment, street protests, a sinking economy and other problems.
But the subsidised cocktails at the parliament’s cafeterias stirred up outrage amongst the suffering Spanish public,