Spain Suspends Subsidies for New Renewable Energy Power Plants

27 January 2012, 5:55 am

The government today passed a decree that will halt subsidies for new wind, solar, co-generation or waste incineration plants as it bids to rein in electricity system debts that reached 24 billion euros ($31.6 billion) by the end of last year, Industry Minister Jose Manuel Soria said.... Read More »

Spain Unemployment: Jobless Numbers Pass 5-Million Mark

27 January 2012, 5:48 am

Joblessness has particularly struck Spanish youth – nearly half (48.6 percent) of people between the ages of 16 and 24 are now without work.... Read More »

Spain: Detained US suspect found hanged in cell

27 January 2012, 4:24 am

An American man accused of killing a jewelry store owner in the U.S. and stealing $300,000 (euro228,000) in diamonds before fleeing to Europe was found hanged in his prison cell in Spain, authorities said.... Read More »

Spain's jobless rate soars in 2011

27 January 2012, 3:30 am

Spain's unemployment rate has soared to 22.85 percent- - the highest in 17 years as more than half of the country's youths remain without jobs.... Read More »

Spain Unemployment Rises to 22.9%, Piling Pressure on Rajoy

27 January 2012, 3:06 am

Spain’s unemployment rate rose to 22.9 percent, the highest in 15 years, increasing pressure on Prime Minister Mariano Rajoy to change labor rules and deliver on his election pledge to create jobs in a shrinking economy.... Read More »

Spain jobless rate soars to 17-year high

27 January 2012, 3:05 am

Spain announced Friday its jobless rate shot to a 17-year record high of 22.85 per cent at the end of 2011, the highest in the industrialized world, as unemployment punched above five million.... Read More »

Spain jobless passes five million

27 January 2012, 12:32 am

Spain's unemployment figure rose above the five million mark in the last quarter of 2011, official figures show.... Read More »

Tens of thousands march in Spain against spending cuts

26 January 2012, 2:36 pm

Tens of thousands of people took to the streets Thursday in eastern Spain to protest against spending cuts by the debt-ridden regional government of Valencia.... Read More »

Spain's Finance Minister Cristobal Montoro admits unemployment rate has jumped to 24pc

26 January 2012, 12:36 pm

Spain's unemployment rate has jumped to nearly 24pc in the fourth quarter, Finance Minister Cristobal Montoro said on Thursday, confirming that the country is still in the throes of a long and painful ...... Read More »

Spain, Portugal want quick Greek bailout decision

24 January 2012, 11:55 am

The prime ministers of Spain and Portugal said Tuesday they want next week's European Union summit to adopt measures that will help shield them against contagion from Greece's debt crisis.... Read More »