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Spain
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Current Spain News Today Spain Cabinet OKs banking sector reform plan Spain's new conservative government approved Friday a plan forcing banks to set aside an estimated euro50 billion ($65 billion) more in provisions to cover toxic real estate assets, in a bid to restructure a sector critical to reviving the country's economy. Fri, 03 Feb 2012 06:19:29 -0800 Spain says US to help in nuclear clean-up Spain said Friday it had received guarantees that the United States will help clean up land contaminated with radioactivity after a mid-air collision in 1966 dumped four U.S. hydrogen bombs in the country's south. Fri, 03 Feb 2012 12:51:45 -0800 Spain Coaxes Banks to Merge With Extra Time to Purge Losses Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation’s property boom four years ago. Fri, 03 Feb 2012 02:00:00 -0800 Clouds gather over Spain's renewables sector as aid cut Spain's push to become a world leader in renewable energy risks collapsing after the government slammed the brakes on generous subsidies as part of an austerity drive. Thu, 02 Feb 2012 01:53:44 -0800 Spain Makes Banks Address $66 Billion Property Hole Spain is forcing its banks to recognize and deal with an additional 50 billion euros ($66 billion) in losses on assets left over from the country's property crash, renewing efforts to cleanse its sickly lenders' balance sheets. Fri, 03 Feb 2012 10:38:42 -0800 |
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