Spain Debt Crisis

The Atlantic: Spain 'Beyond Doomed'

The Atlantic | Posted 04.28.2013 | Canada Business

Spain is in a great depression, and it is one of the most terrifying things I have ever seen. Five years after its housing boom turned to bust, Spa...

27 Per Cent Unemployment

AP | Posted 04.25.2013 | Canada Business

MADRID (AP) — With more than 6 million people unemployed for the first time, Spain's jobless rate shot up to a record 27.2% in the first quarter, th...

Eurozone Gets New Bailout Fund

CBC | Posted 12.08.2012 | Canada Business

A new permanent bailout fund for the eurozone will come in to force later Monday at a meeting of eurozone finance ministers in Luxembourg. ...

This Canadian Billionaire Is Now Working To Break Up The Euro

The Huffington Post Canada | Daniel Tencer | Posted 08.14.2012 | Canada Business

After dropping hints about it for a year, Frank Stronach, the billionaire founder of auto parts maker Magna International, is launching a political pa...

Europe Faces Breaking Point As Even Stronger Economies Slow

CP | Robert Barr, The Associated Press | Posted 10.08.2012 | Canada Business

LONDON - Europe's biggest economies are showing increasing signs of weakness, a sign that the struggles of their heavily-indebted neighbours are sprea...

Almost 1 In 4 Now Unemployed In This Country

AP | Posted 07.27.2012 | Canada Business

MADRID (AP) — The number of people out of work in Spain shows no sign of dropping, with almost one in four people unemployed and half of those under...

Spain's Borrowing Costs Nearly TRIPLE

CP | Daniel Woolls, The Associated Press | Posted 08.26.2012 | Canada Business

MADRID - Spain's borrowing costs soared in a pair of short-term auctions Tuesday as investors worried that the country would not be able to manage an ...

The $100-Billion Bailout?

CP | The Associated Press | Posted 08.09.2012 | Canada Business

STOCKHOLM - Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing ...

Eurozone Unemployment At Record High

CP | The Associated Press | Posted 08.01.2012 | Canada Business

BRUSSELS - Unemployment across the 17 countries that use the euro stayed at 11 per cent in April — the highest level since the single currency was i...

Markets Tumble After Moody's Downgrades Spanish Banking Industry

AP | Posted 05.18.2012 | Canada Business

MADRID, Spain (AP) -- Spain's stock market flirted with seven-year lows Friday as investors continued to worry about the stability of the eurozone's f...

Spain Downgraded

AP | Posted 06.26.2012 | Canada Business

NEW YORK (AP) -- Standard & Poor's lowered Spain's long-term credit rating by two notches on Thursday, saying the country's budget problems are likely...

Panic Mounts Around Spain's Debt Crisis

CP | Ciaran Giles, The Associated Press | Posted 06.15.2012 | Canada Business

MADRID - The interest rate on Spanish government bonds rose sharply on Monday, a sign that investors are becoming more worried about the country's abi...

IMF Seeks New Tools To Fend Off Euro Crisis

CP | Gabriele Steinhauser, The Associated Press | Posted 12.05.2011 | Canada Business

BRUSSELS - The International Monetary Fund, a key player in eurozone bailouts, on Wednesday pushed for radical changes in the way the region's debt cr...

Flaherty: Market Meltdown Will Be Averted

CP | Posted 10.08.2011 | Canada Business

OTTAWA - North American markets are likely to face more selling pressure today following a downgrade in the United States' credit rating and a worseni...

Debt Crisis Moves Back To Europe As Spain's Borrowing Costs Soar

CP | Posted 10.04.2011 | Canada Business

MADRID - Spain was forced to pay sharply higher interest rates in a pair of bond auctions, reflecting raised investor fears over the country's ability...

Unemployment-Ridden Spain Heads For Possible Debt Downgrade

CP | Posted 09.28.2011 | Canada Business

MADRID - Moody's warned on Friday that it may downgrade Spain's credit rating over the coming three months given the country's weak economic growth pr...