Roundup: Wall Street unimpressed by Spain bailout
NEW YORK, June 11 (Xinhua) — U.S. stocks retreated on Monday and closed at session lows following a short rally as enthusiasm about the Spanish bank aid package faded. When the market closed, the Dow Jones industrial average fell 142.97 points, or 1.14 percent, to 12,411.23. The Standard & Poor’ s 500 was down 16.73 […]
Eurogroup confirms up to 100-bln-euro aid ready for Spain’s banks
BRUSSELS/MADRID, June 9 (Xinhua) — Eurozone finance ministers confirmed on Saturday that the single-currency area is ready to offer up to 100 billion euros (about 125 billion U.S. dollars) in financial aid to rescue Spain’s ailing banking sector. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up […]
Spain’s Deepening Economic Crisis
A protester carries a mock pair of scissors with the words ‘Cuts for politicians and bankers’ during a demonstration against education cuts in Madrid Tuesday May 22, 2012. Teachers and students from every level of Spain’s education system went on strike Tuesday to protest wide-ranging government spending cuts. The impact of the budget cuts has […]
Spanish Workers Vent Their Anger Out on Street
A demonstrator walks during the general strike in Barcelona, Thursday, March 29, 2012 as trash burns in the street. Spanish unions angry over economic reforms are waging a general strike, challenging a conservative government not yet 100 days old and joining other troubled European workers in venting their frustration on the street. <AP/Newsis> news@theasian.asia
“No to Slavery!”
A woman carries a panel reading “No to slavery” during the protest against the new labor reforms in Madrid, Spain, on Feb. 19, 2012. Around a million people this Sunday protested all over Spain against the new labor reforms, which were introduced by the Popular Party government of Mariano Rajoy on February 11th. <Photo: Xinhua/Ginnette […]
Catalonian Airline Shutdown
People read the notice that Spain’s Spanair airlines left in the closed costumer service at the Terminal 2 of Barajas Airport in Spain, Madrid, on Jan. 28, 2012. The collapse of Spanish airline Spanair on Friday night has resulted in the cancellation of 220 flights this weekend and has affected over 22,700 passengers. <Photo: Xinhua/Ginnette Riquelme> […]
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