Spain’s Public Debt Soars to New Highs, Smothering Optimism
Optimism over the improving state of the Spanish economy is once again on shaky ground with its public debt burden soaring well beyond governmental forecasts.
Is Spain’s Economy Finally on the Upswing?
For the first time in two years, Spain's unemployment rate came down, inspiring hopes for the end of the recession.
Downgrades Drive Spanish Bond Yields Higher
Five regions in Spain were hit by ratings downgrades by Moody’s, sending yields higher and prices lower on Spanish bonds at a Tuesday sale. The Spanish economy also showed further contraction.
Europe Tries Sticks, Carrots in Battling Crisis
The eurozone is trying to combine rewards with punishments as it seeks to thwart a stubborn debt crisis that has embroiled the region for the past few years.
Spain Spooks Investors as Eurozone Confidence Falls
The Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
Spanish Banks Downgraded
Moody’s cut the ratings of 16 Spanish banks, taking Banco Santander and Banco Bilbao Vizcaya Argentaria down three notches each. Fitch, meanwhile, dropped Greece into its lowest level in junk territory.
Spanish Slump Shallower Than Predicted
Although the numbers showed that Spain entered a recession in the first quarter, its economy shrank less than expected and that seemed to be enough cause for investors to celebrate.