SPIEGEL ONLINE
- May 11, 2012
This week's move by Spain to nationalize the country's fourth-largest bank almost overnight is just the latest in a financial sector crisis that has been growing since the Spanish real estate bubble burst. It is likely to increase calls for Madrid to accept financial aid from its European partners. By David Böcking more... [ Forum ]
SPIEGEL ONLINE
- May 07, 2012
As concerns about Spanish banks grow, leading economists are warning that Europe's banking system urgently needs to be overhauled, otherwise the entire monetary union could be in jeopardy. The continent's leaders missed their chance to reform the system in the wake of the 2008 financial crisis, and are now paying the price. By Martin Hesse, Christoph Pauly and Anne Seith more... [ Forum ]
SPIEGEL ONLINE
- April 27, 2012
German Chancellor Angela Merkel made it clear on Thursday that she was not prepared to renegotiate the European Union fiscal pact as demanded by French presidential candidate François Hollande. Her comments come as ratings agency Standard and Poor's downgraded Spain two notches. more...
SPIEGEL ONLINE
- April 26, 2012
During the early days of the Spanish Civil War, German pilots took part in the savage bombing of the Basque town of Guernica. Seventy-five years later, the horror of this unexpected attack is still fresh in the mind of survivors like Luis Iriondo Aurtenetxea. By Annika Müller more...
SPIEGEL ONLINE
- April 26, 2012
The banking crisis in Spain has countries across Europe in a deep state of worry. A German newspaper is now reporting that the European Central Bank and a number of euro-zone countries would like to change the euro bailout fund in order to permit it to lend money directly to financial institutions in the throes of the crisis. Germany, however, is strictly opposed to the idea. more...
SPIEGEL ONLINE
- April 23, 2012
The Spanish royal family is in the middle of its worst crisis in years following a series of scandals, including the revelation that King Juan Carlos went on an extravagant trip to Africa despite the recession. Many people in Spain are now asking tough questions about the role of the monarchy. By Helene Zuber more... [ Forum ]
SPIEGEL ONLINE
- April 23, 2012
Spain in recent days has taken center stage in the euro crisis. The country's banks are threatened with collapse and the government in Madrid has not been successful in efforts to get the national budget under control. Will the country be forced to request aid from the euro bailout fund? By SPIEGEL Staff
more... [ Forum ]
SPIEGEL ONLINE
- April 18, 2012
A number of euro zone countries and senior officials at the European Central Bank would like to see the euro bailout fund changed so that it can provide direct aid to banks. This could help Spain, which has emerged in recent days as a new center of the euro crisis, but Germany is opposed. more... [ Forum ]
SPIEGEL ONLINE
- April 17, 2012
Mired in ongoing crisis, several countries in southern Europe are seeking to rapidly push through German-style labor market reforms to breathe life into their struggling economies. Yet they may not be enough to save the region's lost generation. By Fiona Ehlers, Julia Amalia Heyer, Christoph Pauly, Daniel Steinvorth and Helene Zuber more...
SPIEGEL ONLINE
- April 16, 2012
The situation on the financial markets is getting tougher for Spain. The interest rates the country must pay on longer-term, 10-year bonds rose on Monday to over 6 percent for the first time this year. The government in Madrid is also warning that Spain has fallen back into recession. more...
