Spain Threatens Deficit-Troubled Regions, Offers Help

Spain’s government threatened regions that are having trouble meeting deficit goals while offering to help them regain access to bond markets at a time when the nation is trying to restore investor confidence.

Several Spanish regions risk missing their budget-deficit target of 1.5 percent of

EU Trials New Crisis Model In Spain Trading Budget Cuts For Time

European leaders are testing the latest version of their debt crisis strategy in Spain, granting Prime Minister Mariano Rajoy more time to reduce the budget deficit in exchange for deeper spending cuts.

Rajoy yesterday announced 65 billion euros ($80 billion) of austerity measures in a

The 'pain in Spain' will surely bring us more pain, too

The BSE Sensex, India’s premier stock market index, has given a return of 5 percent over the last one month. This rally has come on the back of the decision of the finance ministers of eurozone (countries that use the euro as their currency) deciding to give a loan of €100 billion to weak Spanish banks on 10 June. But the euphoria generated by the rescue now seems to be fading.

Rising bond yields

The bond yield on 10-year Spanish government bonds on 8 June 2012, a couple of days before the rescue was

Spain Rescue Seen Worse Than Cure As Hospitals Make Cuts

For some cancer patients, Spain’s debt crisis means living on borrowed medicine.

Virgen de la Luz hospital in the rural province of Cuenca turned away two women with lung and breast cancer in May after Roche Holding AG (ROG) stopped supplying tumor fighter Herceptin, according to documents obtained by Bloomberg News. The women got the drug after a 24-hour wait thanks to a hastily-brokered deal to borrow it from another clinic.

To rescue Cuenca and the rest of Spain’s health system, which

Spain requests bank aid, Moody's downgrades banks

(Reuters) - Spain formally requested a European bank rescue on Monday but lack of details kept investors fretting and Moody's cut the ratings of most Spanish lenders, citing the government's reduced ability to support them and the likelihood of higher property losses.

In a letter to Eurogroup Chairman Jean-Claude Juncker sent early on Monday,

Spain goes to market as debt costs soar

Spain is likely to pay record prices to borrow at debt auctions on Tuesday and Thursday after the Greek election failed to ease concerns about the future of the euro zone and amid uncertainty over whether Madrid will need a full sovereign bailout

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The yield on Spanish 10-year bonds hit a fresh high of above 7% on Monday as

Asia stocks slip as euro zone fears focus on Spain

(Reuters) - Asian shares slipped on Tuesday as a post-Greek election relief rally quickly ran out of steam, with rising Spanish and Italian bond yields signalling that European leaders still have much to do to contain the euro zone debt crisis.

The euro steadied but remained just shy of $1.26, a good distance off the high of $1.2748 scaled in early Asian

Moody's slashes Spain debt ratings three notches

(Reuters) - Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain's banks will increase the country's debt burden.

Moody's, which also said it could lower Spain's rating further, cited the Spanish government's "very limited" access to

EU's Spain bank rescue may bring only brief respite

Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and the euro may be short-lived.

After weeks of insisting that Spain needed no assistance to recapitalise lenders crippled by bad debts from a burst real estate bubble, Prime Minister Mariano Rajoy was pushed into requesting an aid package for fear of worse disaster to come, European officials involved in the negotiations said.

The 17-nation currency area agreed to lend Madrid up to 100 billion euros for its bank rescue fund, more than an initial audit suggests it is likely to need, in an attempt to reassure investors and erect a new firewall in the crisis.

But the euro zone's latest line in the sand, after bailouts for Greece, Ireland and Portugal since 2010, could be swept away as early as next Sunday by angry Greek voters, rekindling market turmoil that would hit Spain and Italy first.

Rajoy said his reforms had spared Spain a full rescue for its public debt but some analysts say the bank aid may only be a prelude to an eventual bailout of the state.

After less than six months in office, the conservative premier is desperate

Spain gets 100bn euro lifeline; will Nifty party today?

Euro zone finance ministers on Sunday agreed to lend Spain up to 100 billion euro to help its battered banks. Meanwhile Spanish prime minister said that this bailout package is simply a line of credit, which means that it can avoid a full rescue.

The US markets ended higher in thin trading on optimism that