Spanish officials have arrested three suspected Al Qaeda operatives. They say the militants were planning an attack in Spain or possibly other European countries.
No solution in sight amid calls for new bailout for Spain.
Ugly eurozone-crisis dynamics threaten to make it a summer of social unrest. But Spain’s Euro2012 win and Germany’s agreement on a European rescue fund have shifted the tone.
After weeks of refusing to yield, German Chancellor Angela Merkel agreed to allow eurozone bailout funds to be used to recapitalize struggling banks.
Moody’s slashed Spain’s credit rating to just above junk status and placed it on review for a possible further downgrade.
Europe offered Spain on Saturday up to 100 billion euros ($125 billion) to recapitalize its beleaguered banks.
Concerns for the health of European banks took center stage for global financial markets Wednesday, as hopes rose that eurozone nations would agree on a support package for the ailing Spanish banking system.
Spain is playing a high-stakes game of chicken with the European Union, using to its advantage the likelihood that it will drag Europe and the rest of the world into a downward economic spiral if it doesn’t get the funds it needs to keep its banks afloat.
Shares in Bankia, Spain’s fourth largest bank, were suspended today — two days after the Spanish government said it would fully nationalize the troubled lender.
’s 15-M movement, the first to occupy public spaces in peaceful protest against leaders’ handling of the global economic crisis, marked its first anniversary Wednesday.
The recovered cargo had come from the Spanish frigate Mercedes, which exploded and sank in 1804 while returning from South America.
In a clear sign of Spain’s withering might in South America, their threats increasingly sound like pleas.
American casino mogulhas a “vision” of bringing a massive Vegas-style casino complex to .
Prime Minister Mariano Rajoy fending off resistance from all sides to his party’s austerity policies.
Judge Garzón crossed what many Spanish politicians considered a red line when he began investigating crimes committed during Spain’s 1930s civil war and the regime of Gen. Francisco Franco that followed.
While Spanish and European authorities say budget cuts are necessary, experts warn the Spanish measures could be too much, too fast.