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Bill Clinton Meets with King Juan Carlos, Says He’s Confident Spanish Economy will Recover

U.S. President Bill Clinton told Spain's King Juan Carlos Sunday that he was confident Spain will get through the economic crisis during a meeting in New York at which the pair discussed the latest outbreak of violence in Muslim countries and the upcoming U.S. election. continue reading »

Spanish Economist Receives Espasa Prize for Book on Economic Crisis

Economist Leopoldo Abadia was awarded Spain's Espasa Prize on Thursday for a book that charts a roadmap out of the nation's severe economic crisis and describes economic concepts in language accessible to the layperson. continue reading »

Penelope Cruz Vows To Produce Films in Spain To Stimulate Economy

Spanish actress Penelope Cruz said in an interview published Saturday by Italian daily La Stampa that she plans to produce at least two films a year in her homeland to create jobs amid sky-high unemployment. continue reading »

Mexican, Brazilian Companies Seek Spanish Engineers

The Spanish professionals most sought after outside their country are engineers, and it's chiefly Mexican, Brazilian and even German companies that are after them. continue reading »

Young Spanish Professionals Look to Mexico for Opportunity, Prosperity

Many qualified Spaniards in search of a better future are setting their sights on Mexico, whose economic prospects remain positive despite the global slowdown. continue reading »

Record Number of Individuals and Businesses Declare Bankruptcy in Spain

A record 2,272 Spanish individuals and firms declared bankruptcy in the second quarter, up 28.6 percent from the same period in 2011, the National Statistics Institute, or INE, said Monday. continue reading »

Spanish Stocks See 6 Percent Fall Amid Higher Yields on Sovereign Debt

Spain's benchmark Ibex-35 index plunged 5.82 percent Friday, the biggest drop of the year, as soaring yields on sovereign debt prompted investors to flee equities. continue reading »

Spanish Art Feud Being Fueled by Poor Economy, “The Lock” to be Sold

Baroness Carmen Thyssen-Bornemisza, age 69, is selling John Constable’s painting “The Lock” because she is apparently suffering “liquidity” problems brought on by Spain’s economic crisis. It is expected to raise up to £25 million and the piece is housed in Madrid’s Thyssen-Bornemisza Museum.However, the proposed sale is causing an uproar with Spanish art fanatics and has even ignited a bitter family feud. continue reading »

Spain’s Economic Minister Says Recession Expected to Worsen

Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product than occurred in the first three months of the year, when it slipped by 0.30 percent, Economy Minister Luis de Guindos said Sunday. continue reading »

Spanish Officials Deny Asking Germany for Bailout

The Spanish government denied on Sunday that any "pressure" is being exerted by German Finance Minister Wolfgang Schauble on Economy Minister Luis de Guindos to get Spain to ask the European financial stability fund for money to shore up the Spanish banking sector, while Berlin reiterated its confidence in the measures that Madrid is taking to deal with its fiscal woes. continue reading »

Spanish Bank Requests $23.77 Billion Bailout and Admits to Lying About 2011 Profits

Spain's fourth-largest financial institution said Friday that it needs an additional 19 billion euros ($23.77 billion) from the government to boost loss provisions. continue reading »

Spain’s Largest Banks Downgraded by Fitch Ratings

Fitch Ratings, which downgraded Spanish sovereign debt a month ago, said Monday it lowered its credit rating of Spain's four largest lenders. continue reading »

Spain’s Largest Banks Downgraded by Fitch Ratings

Fitch Ratings, which downgraded Spanish sovereign debt a month ago, said Monday it lowered its credit rating of Spain's four largest lenders. continue reading »

King of Spains Says “Very Hard Times” are in Spaniards’ Future

Spain's King Juan Carlos said Tuesday that his country is facing "very hard times," calling on Spaniards to "win the battle" against high unemployment and consolidate "the definitive victory" over terrorism. continue reading »