Economic Articles
Official Data put Spain’s GDP up 0.2% in second quarter
Spain confirmed its timid recovery from recession on Thursday with 0.2% growth in the second quarter, final official data showed.
The figure, which confirmed provisional data issued by the National Statistics Institute (INE) on August 13, follows growth of 0.1% in the first quarter when Spain emerged from recession.
On a year-on-year basis, Spanish Gross Domestic Product […]
CLEGG AND ZAPATERO TO MEET
The Spanish president, José Luis Rodríguez Zapatero, is having dinner this evening in the Moncloa Palace with the British deputy prime minister, Nick Clegg. They will be analysing the development of the economic crisis and the rescue policies put into place by the different European countries.
This will be Clegg’s first visit to the Moncloa Palace […]
Austerity anger grows in Europe
Tens of thousands of public workers went on strike in Spain and powerful German unions warned of street protests on Tuesday amid growing anger over huge austerity cuts by debt stricken governments.
Tensions also mounted between European Union governments over how to slash spending with Britain rejecting an EU plan for all national budgets to be […]
EU aid fund to ’strengthen and protect’ euro
Germany Chancellor Angela Merkel said on Monday that an emergency trillion dollar rescue package for crisis hit eurozone countries would serve to bolster the weakened euro currency.
She told reporters that the package would serve to strengthen and protect the common currency, only hours after the European Union announced an unprecedented intervention worth more than 750 […]
SPAIN´S SOCIALISTS - MORE POPULAR IN SPITE OF CRISIS
An opinion poll released on Monday shows Spain’s governing Socialist Party has gained popularity in recent months despite the economic crisis and now trails the opposition party by only a small margin.
According to the CIS polling institute, if elections were held today, the main conservative opposition party, the PP, would win with 39.5 percent of […]
VOLCANIC ASK COSTS SPANISH TOURISM 200M EUROS PER WEEK
Cancellation of hotel bookings because of the volcanic ash disruption affecting airlines will continue until the end of April, at a weekly loss to Spanish tourism of 450 million euros, an industry association said on Wednesday.
“We have noticed cancellations as far ahead as end of April from both individuals and tour operators said Spain’s association […]
CAR SALES SOAR IN MARCH
New car sales soared by a record 63.1 percent in Spain in March in comparison to the same month last year and is probably due to the new government incentive programme.
A total of 124,756 new cars were registered during the month up from 76,501 in March 2009 and from 124,302 in March 2008, the Spanish […]