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Mass anti-austerity rallies in Spain, Portugal
Mass protests in Spain and Portugal, against ever tougher austerity measures, have ramped up the pressure on Iberian governments struggling to avoid international bailouts. Tens of thousands of chanting protesters from across Spain packed the centre of Madrid on Saturday, including policemen in blue T-shirts, firemen with their red helmets,…
Thousands flee as fire rages near Spanish resort, injures two
MADRID, Spain — Flames roared across a 12-kilometre (seven-mile) front near the glitzy Spanish resort of Marbella on Friday, injuring two and forcing thousands to evacuate. More than 250 firefighters on the ground, backed by eight planes and nine helicopters, battled the blaze after hot, dry winds sent it racing…
Spain sees record tourism spike fueled by German tourists
Holidaymakers headed to recession-hit Spain in record numbers in July, official data showed Wednesday, propelled in particular by a boom in the number of German tourists. Foreign tourist numbers surged by 328,000, or 4.4 percent, from last year to an unprecedented 7.7 million in July, said a tourism survey released by the…
Spanish wildfires displace thousands
Wildfires forced thousands of people to evacuate in Spain’s Canary Islands as flames ravaged a rare nature reserve, while another blaze killed two on the mainland, authorities said Monday. Engulfing the wooded hillsides in bright flames, the blaze on the island of La Gomera reduced trees and land to black dust and spewed grey smoke,…
Sen. Conrad tells Spain it’s on the right track
MADRID — A US senator who heads his country’s budget committee told Spain it was heading in the right direction in fixing its financial woes, but said more remains to be done. “We believe you are on the right track, we understand that more needs to be done and we…
More protests in Spain amid escalating financial crisis
Thousands of jobless Spaniards marched through Madrid Saturday in the latest angry demonstrations against economic crisis cuts, as fears rose for the country’s financial stability. Young people thrown out of work by the recession converged on the capital, many of them having hiked hundreds of miles from around Spain, and…
European Parliament head fears ‘social explosion’
European Parliament president Martin Schulz warned on Saturday that Spain’s economic crisis could spark a “social explosion” across the continent. “The demonstrations in Spain show that a social explosion is looming because of the high unemployment rate among young people in Europe,” Schulz told the wide-circulation German daily Bild in…
Crisis-hit Spain glows with pride over soccer finals win
They entered the realm of legend and restored pride to a nation in crisis: the Spanish press Monday lavished praise on their team’s history-making victory in the Euro 2012 final. “Spain and no-one else,” cried the front page of the biggest-selling sports daily Marca, above a photo of the cheering team…
Spain requests €100 billion Euro loan to prevent financial meltdown
Spain formally requested a rescue loan of up to 100 billion euros ($125 billion) from its eurozone partners in a letter released Monday. No new figures were included in the letter, after reports by independent consultants last week said stricken Spanish banks could need up to 62 billion euros to…
IMF urges comprehensive reforms in Spain
The IMF warned Friday that Spain must implement comprehensive reforms to win back market confidence even after securing a huge rescue loan for its stricken banks. In a hard-hitting report less than a week after the eurozone agreed on a banking rescue of up to 100 billion euros ($125 billion)…
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