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Spain Profile

more information 2012 June - Spain formally requests assistance from the eurozone financial emergency facility to bail out its struggling bank sector. The eurozone had offered to provide up to 100bn euros in help, following an audit. 2012 August - Unemployment climbs to 25.1% of redirected the workforce, with a youth (under-25s) joblessness rate of 52.9%. Catalonia, which produces a fifth of Spain's economic output, seeks a 5bn-euro (4.2bn) bailout from the central government, which has set go here now up a 18bn-euro public fund to help the 17 heavily-indebted autonomous regions. Action on banks 2012 September - Government creates "bad bank" to off-load toxic property assets of indebted banking sector.
More: http://www.bbc.co.uk/news/world-europe-17955805

Spain, Portugal stocks rally, standing out in Europe

Sainz finished the stage 6:04 ahead of 11-time champion Stephane Peterhansel of France and 8:58 in front of Nasser Al-Attiyah of Qatar. Sainz leads fellow Spaniard Nani Roma by 2:06 in the overall standings. Peterhansel is 18:10 behind in fifth place. In bikes, Juan Pedrero of Spain won the stage, 29 seconds ahead of Francisco Lopez of Chile and with a 3:10 advantage on fellow Spaniard Marc Coma. Joan Barreda Bort of Spain kept the overall lead. Coma is 3:10 behind, and Lopez is 5:12 off the pace. Thursday's stage goes north from Chilecito to Tucuman.
More: http://www.foxnews.com/sports/2014/01/08/carlos-sainz-spain-wins-4th-stage-and-takes-overall-lead-in-dakar-rally/

Carlos Sainz of Spain wins 4th stage and takes overall lead in Dakar Rally

But Castro continued his investigation and has now decided to bring preliminary charges again. Prosecutors are once more opposing them. A court spokeswoman confirmed to CNN on Tuesday that the conflict between Castro and the prosecution would automatically see the issue returned to the provincial court. Scandal strikes Spain's royal family What does Princess Cristina know? Spanish king's son-in-law to testify A panel of four judges will then decide whether to uphold the preliminary charges. It is expected that the panel will make a decision ahead of the March 8 court date requested by Castro.
More: http://www.cnn.com/2014/01/07/world/europe/spain-royal-corruption/index.html

Spain and Japan agree to work jointly to benefit from LatAm's growth

The unit revenue per available seat-kilometer was resilient, the company said. European stocks got a few pieces of data on Wednesday. Retail sales for the euro zone rose at the fastest pace in 12 years during November, lifting hopes for a revival in domestic demand. The sales jump came as a surprise as the euro zones unemployment rate stayed stubbornly high in November, unchanged at 12.1%. Other data showed German manufacturing orders surging in November amid a glut of bulk orders. The data come ahead of a monthly meeting of the European Central Bank on Thursday. Some had been speculating that ECB President Mario Draghi may have to take a dovish tone, given that the single-currency zone saw another inflation decline on Tuesday.
More: http://www.marketwatch.com/story/spain-portugal-stocks-rise-in-otherwise-flat-europe-2014-01-08

Nani Roma of Spain wins third stage in Dakar and takes overall lead in cars

This is the sixth consecutive year the race has been run in South America, and the first time Bolivia has been on the route. (AP Photo/Victor R. Caivano)The Associated Press The car of Javier Campillay of Chile and co-pilot Jose Ocampo of Argentina, left, drives by what remains of the Toyota of driver Bauyrzhan Issabayev and co-pilot Gabdulla Ashimov, both of Kazakhstan, during the second stage of the Dakar Rally between the cities of San Luis and San Rafael in San Rafael, Argentina, Monday, Jan. 6, 2014. (AP Photo/Jean-Paul Pleissier, Pool)The Associated Press KTM rider Ruben Faria trading of Portugal rides in the dunes during the second stage of the Dakar Rally between the cities of San Luis and San Rafael in San Rafael, Argentina, Monday Jan. 6, 2014.
More: http://www.foxnews.com/sports/2014/01/07/nani-roma-spain-wins-third-stage-in-dakar-and-takes-overall-lead-in-cars/

Preliminary charges again filed against Spain's Princess Cristina

This cooperation was firmed up during the Tuesday and Wednesday visit to Spain of Japanese Foreign Minister Fumio Kishida, who met both with his Spanish counterpart, Jose Manuel Garcia-Margallo, and Prime Minister Mariano Rajoy and was received in an audience by King Juan Carlos. "Spain will be for Japan the entry door to Latin America and Japan will be the door to Asia for Spain," the assistant director of communications in the Japanese Foreign Ministry, Koichi Mizushima, told reporters. Regarding Latin America, the two countries agreed to cooperate by increasing communication and other contacts between their embassies in that region, where Spain is the second-largest investor after the United States, and shares a common language, Mizushima emphasized, adding that this issue was discussed on Wednesday at the meeting between Rajoy and Kishida. The Japanese official also noted that his country was an observer at the most recent Ibero-American Summit, which was held in Panama last October. The Japanese minister congratulated Rajoy on his efforts to rekindle the Spanish economy and the two men discussed the areas of renewable energy, health and infrastructure, where - the Japanese spokesman said - both countries are "strong." Mizushima also said that this is Kishida's first official visit abroad in 2014, emphasizing that the two nations are celebrating four centuries of bilateral relations and, to mark the occasion, the two ministers exchanged jerseys of their respective national soccer teams with their surnames and the number 400 on the back.
More: http://latino.foxnews.com/latino/politics/2014/01/08/spain-and-japan-agree-to-work-jointly-to-benefit-from-latam-growth/

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