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ELENA SALGADO
- EU prepares multi-billion bailout for indebted PortugalEU finance ministers thrashed out Friday a multi-billion-dollar debt rescue for Portugal, demanding tough conditions.
- Spain faces first big debt test of 2011In reaction to the Portuguese issue, the Madrid stock market's Ibex-35 index soared 5.42 per cent on Wednesday, powered by banking shares.
- Pressure on Portugal heightens amid debt fearsEurope's debt crisis flared up once again Monday, as Portugal's borrowing rates briefly spiked to euro-era highs amid reports Germany and F...
- Europe divided over bonds, bailout fund boostDivisions emerged over a call to launch joint eurozone bonds as finance ministers opened talks with IMF amid calls to boost their bailout w...
- Spain set to pass measures to calm debt marketsSpain's government was set to approve on Friday a fresh round of austerity and reform measures aimed at easing market fears the country wil...
- Europe debt fears pile pressure on Spain, othersSpain & Italy bond yields rose on fears of smaller bailouts. The yields on Spain's 10-year bonds jumped to 5.7% while Italy's reached highe...
- Spain struggles to avoid link to debt-stricken IrelandAs the Irish debt crisis has deepened, the rates it has to pay to raise fresh cash on the financial markets have risen sharply, with a knoc...
- US pushes G20 growth, but Europe cautiousThe top White House economic advisor said on Thursday world leaders must keep the tentative global recovery on track as Europe headed into ...
- Spain probes 3,000 Swiss bank accounts for fraudFinance Minister Elena Salgado said the owners of the accounts had been notified and asked to clarify whether they have declared the money ...
- Spain to use $37 billion for bank restructuringSpain expects to use about 30 billion euros ($37 billion) to cover the financial needs of banks engaged in the restructuring processes.
- EU rubbishes report of 250-billion-euro Spanish credit lineThe European Commission dismissed as "rubbish" reports on Wednesday that the EU, the IMF and the US were planning a credit line of up to 25...
- EU thrashes ways to tighten spending oversightThe European Union on Tuesday thrashed out ways to toughen oversight of how governments run their economies in a bid to regain credibility ...
- G20 scraps plans for universal bank taxBank tax plan replaced with menu of options for countries. G20 reaffirms commitment to finalise Basel III in November.
FMs vow to avoid austerity drive for entire EuropeEuropean finance ministers vowed to avoid a continent-wide austerity drive in the wake of Greece’s debt crisis that would risk thrusting th...- EU lining up emergency fund to stop ‘wolves’European Union finance ministers pledged to stop a sovereign debt crisis from shattering confidence in the euro as they held an emergency s...
- Euro crisis fund could hit $775 billion: DiplomatEurope is seeking to reassure the world about the euro before trading resumes today on Asian markets. Greece crisis | Gainers & losers | Q4...
- Greece bailout will help Spain: GovernmentThe EU and IMF bailout for debt-ridden Greece will have a positive effect on Spain as it will lower the cost of its debt and calm the marke...
- Spain jobless rate surpasses 20 pcSpain's jobless rate has surpassed 20 per cent for the first time since 1997, the government said.
- EU to probe economic fallout from travel chaosEurope ordered a full probe into the loss of billions of euros by airlines since an Icelandic volcano erupted.
- Greek crisis drives investors to buy the dollarGreek debt crisis prompted investors to seek the relative security of the dollar at the expense of euro. Top gainers, losers & recos | Term...
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