Spain
Latest stories
Eurozone Seals Grand Bargain to Help Italy and Spain

Leaders from the 17 countries that share the embattled euro sealed a dramatic deal Friday to allow emergency measures to aid crisis-hit Italy and Spain, as well as provide billions to boost the economy.

Following tense talks that stretched into the early hours, EU president Herman Van Rompuy told reporters a "real breakthrough" had been struck to calm financial markets and reshape the Eurozone to prevent the crisis recurring.

W140 Full Story
Balotelli Brace Seals Italian Place in Euro 2012 Final

A Mario Balotelli header and a thumping drive gave Italy a richly deserved 2-1 win over Germany in Thursday's Euro 2012 semi-final in Warsaw.

The 21-year-old struck a first half brace to stun the Germans before a Mesut Ozil penalty reduced the deficit at the death.

W140 Full Story
'No Regrets' for Bento as Portugal Fall to Spain

Portugal coach Paulo Bento said he had no regrets after seeing his side lose 4-2 on penalties to defending champions Spain in the Euro 2012 semi-finals.

After the game finished goalless following extra time, Bruno Alves sent Portugal's fourth spot-kick against the bar and Spain substitute Cesc Fabregas stepped up to sweep Spain into the final at their Iberian rivals' expense.

W140 Full Story
Spain Arrests Suspected Islamist Extremists

Spanish police Wednesday arrested two suspected Islamist extremists who found young recruits in north Africa for training in camps and war zones, officials said.

The pair -- 25-year-old Rachid Abdellah Mohamed and 30-year-old Nabil Mohamed Chaib, both Spanish -- were nabbed in the nation's disputed north African enclave of Melilla.

W140 Full Story
Spain Needs Bank Audit before Agreeing Bailout

Spain will await the results of two audits of its stricken banks before finalizing a request for European funds to aid in their recapitalization, Prime Minister Mariano Rajoy said Tuesday.

Spain came under pressure from the leaders of the world's most powerful economies at the G20 summit in Mexico to move quickly to resolve its debt crisis, which has threatened the stability of the entire Eurozone financial sector.

W140 Full Story
Del Bosque Admits Spain Not at Best against Croats

Spain coach Vicente del Bosque admitted the defending champions were not at their best despite beating Croatia 1-0 in Gdansk to reach the quarter-finals of Euro 2012 on Monday as Group C winners.

"The team played well, even though things didn't go according to plan," said Del Bosque, who started but then took off Fernando Torres for Jesus Navas of Seville, who promptly bundled in the only goal of a somewhat shapeless match which could have gone either way.

W140 Full Story
Basque Youth Group Close to ETA Says it has Dissolved

Segi, an outlawed youth group linked with the armed Basque separatist organization ETA, said Friday it had disbanded.

Segi, which was declared a terrorist group by Spain's Supreme Court in 2007 over its suspected ties to ETA, said it "has ended its course", in a statement published in pro-independence Basque newspaper Gara.

W140 Full Story
Euro Steady in Asia despite Spain Downgrade

The euro was steady in Asian trade Thursday despite a credit rating downgrade of Spain as markets look to weekend Greek elections seen as pivotal to the country's future in the Eurozone.

The single currency bought $1.2569 in Tokyo morning trade, compared with $1.2557 in New York late Wednesday, while it was little changed at 99.74 yen, from 99.78 yen.

W140 Full Story
Spain Borrowing Costs Hit Euro-Era Record in Bank Crisis

Spanish borrowing costs have soared to a euro-era record high on a market beset by doubts over a vast rescue loan for the country's banks and by fears of a Greek exit from the Eurozone.

The euro came under more pressure in early trading Wednesday, unconvinced by the deal struck by the 17 Eurozone nations over the weekend to extend Spain a banking sector rescue loan of up 100 billion euros ($125 billion).

W140 Full Story
Spain Bank Deal Stirs Portuguese Unease

A deal for Europe to rescue Spain's stricken banks raised questions Monday in neighbor Portugal, struggling to stick to the tough conditions set in its own bailout accord and hoping for some respite.

Centre-right Prime Minister Pedro Passos Coelho insisted Lisbon must stick to the terms of its 78-billion-euro EU-IMF agreement but the Spanish deal, aimed exclusively at the banks, imposes no austerity or reform demands on Madrid.

W140 Full Story