Spanish Economy News on 2/7/2012

Bloomberg

Spanish economy to shrink 1.5% in 2012: minister Sydney Morning Herald The Spanish economy will shrink by around 1.5 per cent this year as a contraction that began last quarter deepens, Economy Minister Luis de Guindos said in an interview published Sunday. "The first quarter of the year is going to be hard, ... Spain Economy May Shrink 1.5% in 2012, de Guindos Tells El PaisBloomberg Spain's Property Purge No Panacea for Loan Drought: Euro CreditSan Francisco Chronicle all 55 news articles »

The Elephant in the Room is Spain, Not Italy Wall Street Pit Prior to 2008, the Spanish economy was held out as the darling of Europe however the reality was quite different. The country was running budget surpluses by 2005 and foreign investment was booming. Most of this investment went into construction which ... and more »

Kansas City Star

No cigar: Economic embargo on Cuba turns 50 San Jose Mercury News 7, 2006 file photo, a car drives past a billboard that reads in Spanish; "70 percent of Cubans have been born under the Embargo," in Havana, Cuba. The United States economic embargo on Communist-run Cuba turned 50 on Feb. 7, 2012. Just 90 miles away, it's close but no cigar for US business as embargo on Cuba ...Newser all 287 news articles »

AFP

Spanish economy shrinks in Q4, nearing recession Boston.com (AP Photo/Alvaro Barrientos) By Ciaran Giles Associated Press / January 30, 2012 MADRID—Spain's economy contracted by 0.3 percent during the fourth quarter, according to official figures released Wednesday, edging the country closer to a new recession ... Spanish economy shrinks 0.3%AFP all 187 news articles »

The Associated Press

Spanish economy shrinks in Q4, nearing recession Seattle Post Intelligencer Photo: Alvaro Barrientos / AP MADRID (AP) — Spain's economy contracted by 0.3 percent during the fourth quarter of 2011 compared with the previous three months, according to official data released Monday, edging the country closer to a new recession ... Spain seen heading for recession as economy shrinksReuters all 12 news articles »

Spanish farmers' quest to boost rice production in Kwara Nigerian Tribune A Spanish company, Vasolar, plans to launch a N70 billion investment in the state, especially in rice production, writes Biola Azeez. Aside the assertion that Nigeria's dependence on oil would not provide a bright future for the nation's economy, ...

Financial Times

Fresh wave of Spanish bank deals imminent Financial Times By Victor Mallet Luis de Guindos, Spanish economy minister, has launched another round of Spanish bank restructuring after more than three years of a financial crisis centred on more than €175bn of bad loans linked to construction and housing. BBVA Sells First Spanish Senior Unsecured Bonds Since OctoberBusinessWeek all 20 news articles »

Euro Area Sentiment Improves; Spanish Economy Shrinks 0.3% Ticker Magazine 2:00 PM Frankfurt – German wholesale sales eased and the Spanish economy contracted in the fourth quarter. Euro area economic confidence improved but Italian business confidence declined in January. Germany''s wholesale sales slowed to 1.6% annually in ... and more »

AFP

Spain central bank predicts 1.5 percent fall in Spanish economy and jobs ... Washington Post MADRID — Spain faces more unemployment misery and needs serious labor market reforms, the country's central bank warned Monday as it slashed its economic forecasts for this year. The Bank of Spain predicted the country's economy will contract 1.5 ... Summary Box: Spanish economic pullback forecastBusinessWeek Spanish Economy To Shrink 1.5% In 2012NASDAQ Bank of Spain forecasts contraction of 1.5% in 2012AFP Bloomberg all 192 news articles »

Financial Times

Spain approves bank reforms to clean up real estate mess, revive banks and ... Washington Post MADRID — Spain's new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on track toward ... Spain's Jobless Sign on at Fastest Pace in Three Years: EconomyBusinessWeek Spanish banks told to find €50bnFinancial Times Spanish Unemployment SoarsWall Street Journal STLtoday.com all 202 news articles »