Spanish jobless rate below 25% for the first time in two years

The unemployment rate in Spain has fallen below 25% for the first time in two years, thanks to the beginning of a revival in the economy.

Spain Refit Erodes China Edge as Business Lured Back Home

Almost 10 years ago, Priviet Sportive SL was losing business to Chinese suppliers. These days, the Spanish clothes designer is snatching orders back as falling wages at home let it produce garments at a lower cost.

Spain's PM says his country has turned a corner

More than half its young people are unemployed, a double-dip recession has left the economy 7% smaller than it was five years ago, and debt has soared to nearly 100% of GDP.

Spain’s Real Crisis Is a Leadership Void, Analysts Say

MADRID — The sense of scandal surrounding Prime Minister Mariano Rajoy has crested yet again, after another week of allegations and denials in which the former treasurer of his Popular Party continued to drip-feed the media glimpses of ledgers that appear to show that Spain’s leadership enriched itself for years with a secret slush fund.

Brussels warns on Spanish and Slovenian 'imbalances'

The European Commission has warned that Spain and Slovenia must quickly tackle the imbalances in their economies.

German Chancellor Angela Merkel to harden her stance on additional help for Greece and Spain

BERLIN: German Chancellor Angela Merkel is hardening her stance on additional help for struggling euro zone economies like Greece and Spain as pressure from parliamentary allies and a looming election campaign shrink her room for manoeuvre in Europe.

Leaders of Spain, Italy meet as markets drop

MADRID (AP) -- Italy's Prime Minister Mario Monti said his country will not seek a sovereign bailout, though Spanish Premier Mariano Rajoy, whom he met with on Thursday, dodged the question altogether as financial markets dropped sharply.

Spain requests EU aid, market hopes dim

MADRID/BRUSSELS (Reuters) - Spain formally requested euro zone rescue loans on Monday to recapitalize banks that are laden with bad debts as the euro and shares fell due to investors' skepticism that a European Union summit this week will act decisively on the bloc's debt crisis.

Spanish PM defends cuts day after massive protests

MADRID (AP) — Prime Minister Mariano Rajoy on Sunday defended his government's harsh austerity measures aimed at correcting Spain's grim economic forecast, one day after tens of thousands of Spaniards took to the streets to protest his handling of the country's worst crisis in decades.

Spain to be in recession in 2012 and 2013: European Commission

BRUSSELS: Spain will have to approve big additional savings this year and next if it is to meet its ambitious deficit reduction targets as the Spanish economy will be in recession in 2012 and 2013, forecasts from the European Commission showed on Friday.

Europe's reform drive risks running out of steam

PARIS: European leaders are caught between former White House chief of staff Rahm Emanuel's injunction "You never want a serious crisis to go to waste" and Luxembourg Prime Minister Jean-Claude Juncker's admission that "We all know what to do. We just don't know how to get re-elected after we've done it."

Markets rise but contagion fears spread to Spain

Political progress in Italy and Greece pushed stock markets higher but economists warned of stormy weeks ahead as attention turned to Spain amid fears it could be the next economy to come under the spotlight.