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Greece Spain News. Service for global professionals. Constantly updated news and information about Greece.
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Latest Greece Spain News

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  • UPDATE 3-S&P cuts Spain outlook, warns of downgrade 9 Dec 2009 17:26 GMT
    ... agency Standard&Poor's revised its credit outlook on Spain to negative on Wednesday and warned that ... Fitch, to downgrade fellow euro zone member Greece to BBB+. 'Reducing Spain's sizable fiscal and ... year, according to the ratings agency. The Greek ratio is forecast to hit 125 percent next ...

  • Greece Rattles the Euro Zone 10 Dec 2009 17:22 GMT
    ... As the global financial crisis rocks Greece, Europe faces a question as basic as ... all? On Dec. 8, Fitch Ratings downgraded Greek government debt, based on new estimates that ... spooked Europe's markets as investors fretted that Athens might soon default on its bonds. Greece ...

  • Should the EU Intervene in Greek Debt Woes? 11 Dec 2009 13:13 GMT
    ... Should the EU Intervene in Greek Debt Woes? The Greek central bank in Athens: Is the EU country close to a ... collapse? Following a negative credit report for Greece this week, German Chancellor Angela Merkel argues ...

  • Trouble in Greece, Ireland, Austria shows financial turmoil is far from over in the eurozone 15 Dec 2009 20:34 GMT
    ... PARIS (AP) - Trouble in Greece, Ireland and Austria is making markets fret ... Continuing fiscal and banking struggles in Dublin, Athens and Vienna demonstrate that the continuing stress ... $10 billion bailout. Besides Greece and Ireland, Spain and Portugal also face scrutiny in bond ...

  • The Spanish EU Presidency 15 Dec 2009 12:34 GMT
    ... : Spanish Presidency to present its priorities in the ... From 1 January to 30 June 2010, Spain will hold the six-month rotating presidency of ... attempt to soothe relations between Macedonia and Greece ( ) and most crucially between the ...

  • Spain brimming with confidence 16 Dec 2009 16:35 GMT
    ... Spain brimming with confidence ahead of World Cup ... Cup Their underachieving ways behind them, the Spanish will head to South Africa as one ... imitation," said British soccer writer Sid Lowe. "Greece won Euro 2004 playing the most hideous, ...

  • CORRECTED-WRAPUP 4-Greek bailout not under discussion, markets suffer 16 Dec 2009 11:14 GMT
    ... ATHENS/PARIS, Dec 15 (Reuters) - Greece is not discussing a bailout with other ... a bailout with other European Union countries, Greek Finance Minister George Papaconstantinou said on Tuesday, ... curbing welfare spending and raising taxes. The Athens stock exchange lost 2.12 percent by mid-afternoon ...

  • Double-edged crisis is starting to hit Spain 11 Dec 2009 23:56 GMT
    ... Double-edged crisis is starting to hit Spain Published: December 11 2009 23:20 | Last ... hasn’t affected me,” Luis Ramos, a 26-year-old Spanish insurance assessor, said of the crisis. “I’m ... the US, the UK, Ireland, Italy and Greece, is that the state has spent so ...

  • Greek bailout not under discussion, markets suffer 16 Dec 2009 11:55 GMT
    ... Greece is not discussing a bailout with other ... a bailout with other European Union countries, Greek Finance Minister George Papaconstantinou said on Tuesday, ... welfare spending and raising taxes. [ID:nLDE5BE0SR] The Athens stock exchange lost 2.12 percent by mid-afternoon ...

  • Greece moves on costs and corruption 15 Dec 2009 13:12 GMT
    ... Last updated: December 15 2009 11:53 The Athens stock market lost 1.2 per cent in ... Tuesday as investors absorbed news of the Greek government’s plans to reduce the nation’s budget ... in Athens securities ahead of his speech. Greece is not alone among eurozone countries struggling ...

  • Police clash with youths on Greek riots anniversary 7 Dec 2009 00:50 GMT
    ... ATHENS – Greek police fired teargas to disperse rioting protesters ... dressed in black chanted "Policemen, Pigs, Murderers." Greece's new socialist government has deployed more than ...

  • CORRECTED-UPDATE 2-S&P cuts Spain outlook, warns of downgrade 9 Dec 2009 16:41 GMT
    ... Standard & Poor's revised its outlook on Spain to negative on Wednesday and warned that ... Fitch, to downgrade fellow euro zone member Greece to BBB+, still well into investment grade. ... third the 252 basis point demanded for Greek bonds. Spain's largest bank Banco Santander fell 3.78 ...

  • Double-edged crisis saps even the lucky Spaniards 12 Dec 2009 04:02 GMT
    ... Crisis? What crisis? Since he moved to Spain from South America to seek his fortune ... hasn't affected me," Luis Ramos, a 26-year-old Spanish insurance assessor, said of the crisis. "I'm ... the US, the UK, Ireland, Italy and Greece, is that the state has spent so ...

  • Spread on Greek debt shows a new rise 16 Dec 2009 09:03 GMT
    ... Spread on Greek debt shows a new rise Financial markets ... curbing welfare spending and raising taxes. The Athens stock exchange was down more than 1pc ... three days". Finance minister George Papaconstantinou said Greece was not discussing a bailout with other ...

  • Greece Needs to Implement a Significant Internal Devaluation 16 Dec 2009 14:49 GMT
    ... critical attention which has been directed towards Greece of late might seem surprising to some ... since, on the face of it, the Greek economy had managed over the last decade to ... for those other two Eurozone "star performers" Spain and Ireland) since we don't really know ...


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