Spain's government and its banks are discussing a new scheme to segregate problematic property loans into one or more asset management companies to relieve the burden on struggling lenders, according to officials and bankers.
Mariano Rajoy, prime minister, has agreed with the EU to cut the deficit by more than 3 percentage points this year to 5.3 per cent of GDP.
Spanish unions were making final preparations for a general strike Thursday to protest the new conservative government's labor reforms and austerity cuts.
Eurozone finance ministers called on Spain to make new cuts in its 2012 budget to reduce its deficit by another 0.5 per cent of economic output, a stinging rebuke to the new government of premier Mariano Rajoy, which publicly flaunted Brussels-imposed deficit targets less than two weeks ago.
Spain's two main unions on Friday called a general strike for March 29 to protest the new conservative government's labor reforms and austerity cuts.
Spain's new prime minister faces a financial crisis and pressure to fix the economy. CNN's Al Goodman reports.
Conservative leader Mariano Rajoy won the investiture in Spain's Parliament Tuesday to become the country's next prime minister.
Austerity hits Spanish pharmacies that are owed millions by a regional government. CNN's Al Goodman reports.
Popular Party leader Mariano Rajoy is poised to become the next prime minister of economically embattled Spain, with his ascension assured after the ruling Socialist Party's candidate conceded Sunday's national election.
CNN's Dan Rivers reports on an airport in Spain that symbolizes monumental waste in a struggling country.
The campaign for Spain's parliamentary elections was concluding late Friday under the shadow of financial markets that have hammered debt-ridden Spain in the run up to Sunday's vote.
Obtaining a job in Spain has become a challenge for an entire generation. CNN's Dan Rivers reports.
Economic crisis, with high unemployment, seen as key issue in Spanish elections for prime minister. Al Goodman reports.
Spain's parliamentary campaign formally began Friday and will likely culminate with opposition candidate Mariano Rajoy as prime minister of the economically embattled nation.
Spain's Socialist Prime Minister is due to announce Monday the dissolution of parliament in order to hold early elections on November 20, which polls indicate the opposition conservatives will win handily during Spain's deep economic crisis.
Spain's governing Socialists were on Monday seeking the support of smaller parties after an election that left the country deeply divided politically.
It's a rematch in Spain in Sunday's elections, as the Socialist prime minister, who won an upset victory four years ago in the wake of the Madrid train bombings, faces the conservative challenger.
The Basque separatist group ETA is blamed for killing a politician just before elections. CNN's Al Goodman reports.
A man shot and killed a former town councilman from the ruling Socialist Party in northern Spain on Friday, just two days before national elections, in an attack blamed on the Basque separatist group ETA.
The murder in Basque country is a tragic parallel to the eve of the 2004 elections, when terror also struck the country. But how will it affect the vote?
The race between Spain's governing Socialists and the Popular Party grows tighter as the March 9 elections approach
A bomb has exploded at a political party office in northern Spain early Friday, causing damage but no injuries -- just 10 days ahead of national elections.
Police arrested three Algerian men early Thursday in the northern Basque city of Vitoria on suspicion of promoting radical ideology among the Muslim community, the Basque regional government said in a statement.
In a country of diverse cultures and languages, it's hard finding the right lyrics for the national anthem
Spain's interior minister on Wednesday said the troubled peace process with the Basque separatist group ETA is in a "preliminary" phase, but he declined to confirm a newspaper's report alleging that the government had already held a significant first round of direct talks with ETA.
Spain's prime minister and the opposition leader on Tuesday held their first face-to-face talks on the Basque separatist group ETA's declaration of a "permanent" cease-fire last week.
Basque separatist group ETA said Friday would mark the end of an era in Spain after it announced a "permanent" cease-fire.
The Basque separatist group ETA has declared a "permanent cease-fire" starting Friday, raising hopes for an end to 37 years of violence in which the group has been blamed for more than 800 deaths.
A helicopter crash in a Madrid suburb left Spanish opposition leader Mariano Rajoy slightly injured, a reporter for CNN partner station CNN+ said.
Spain's 16 new Cabinet members were sworn in Sunday, one day after Socialist Party leader Jose Luis Rodriguez Zapatero formally took office as prime minister.
In a dramatic rebuff to the ruling conservative Popular Party, Spain's socialists have scored a stunning victory in national elections.
Spanish voters have started going to the polls Sunday to elect a new government amid controversy over the timing of the election in the wake of Thursday's terror attacks.
Spanish police Sunday seized more than 1,000 pounds of explosives and arrested two suspected members of the Basque separatist group ETA who were planning to carry out an imminent attack in Madrid, an official said.
Spain's prime minister has fended off questions into the leaking of an intelligence report on a meeting between an opposition politician and the Basque separatist group ETA.
Spain's general elections will be held on March 14, the government has announced.
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