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Spanish Bond Rates Inch Higher Amid Fears
Keywords:
The debt of regional governments in Spain.
07/22/2010
With $200 billion in debt, local governments from Catalonia to Valencia, are facing more spending cuts in 2010. The local governments are looking at raising $57 billion in debt markets in 2010, the highest of any local governments in Europe except Germany.
Grouped Articles
Rajoy Appeals to Catalonia to Stick With Spain
Wall Street Journal 09/23/2013
Spanish Towns Struggle Under Crushing Debts
Wall Street Journal 10/04/2010
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
European Union Plans System for National Debt Crises
New York Times 10/29/2010
The euro crisis: Spreading from Ireland to Iberia
Economist 11/27/2010
Spain to Open Books in Bid to Calm Investors
Wall Street Journal 12/18/2010
Maria Dolores de Cospedal, president of the Castilla-La Mancha region and Spain's struggle for "cleaned up accounts"
07/22/2010
A 27% unemployment rate and GDP declline at annual rate of 3.1% by June 2012 in Castilla-La Mancha create difficult conditions. Cospedal is the senior leader in the Partido Popular after prime minister Mariano Rajoy. She says she wants growth and employment, but her first priority is to have "cleaned up accounts" so that Spain's borrowing costs can be brought down. Lack of credible finances in the regions are a major problem in Spain recognized by all sides, but the drive to reestablish credibility comes at a time of rising unemployment.
Grouped Articles
Europe's Recession Sparks Grass-Roots Political Push
Wall Street Journal 05/21/2013
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
A Spanish Leader Emerges as a Crusader for Austerity
Wall Street Journal 06/25/2012
Spain Delays Plan to Ease Financing for Ailing Regions
Wall Street Journal 06/29/2012
Euro Zone Eases Budget Demand on Spain
Wall Street Journal 07/10/2012
In Spain, a Symbol of Ruin at an Airport to Nowhere
New York Times 07/18/2012
Spain and wasteful regional spending on infrastructure projects
07/22/2010
Grouped Articles
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
In Spain, a Symbol of Ruin at an Airport to Nowhere
New York Times 07/18/2012
Spanish Worries Feed Global Fears
Wall Street Journal 07/22/2012
Spanish Bond Rates Inch Higher Amid Fears
New York Times 07/20/2012
Wall Street Journal 10/18/2012
Spain Buries Itself In Unpaid Bills
Wall Street Journal 12/28/2012
Spain's efforts to control regional spending
07/22/2010
Spain is a highly decentralized country with the central government in Madrid able to exercize little control on spending by the regions. The eurozone crisis and the higher than expected 8% deficit in Spain for 2011 is changing attitudes in the regions and in Madrid. The clause inserted in the constitution in 2011 with Germany's insistence for a balanced budget gives Madrid power to restrain spending. An agreement was reached with regional governments including Catalonia for new legislation on spending controls. Valencia was downgraded along with Spain in the recent downgrade of Spain's credit rating.
Grouped Articles
Europe to Vote on Tougher Rules for Currency
New York Times 09/27/2011
Rajoy Appeals to Catalonia to Stick With Spain
Wall Street Journal 09/23/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
Madrid to Curb Spending by Powerful Regions
Wall Street Journal 01/18/2012
Declining tax revenues after higher taxes and the burden of both higher interest payments and aid to regions is hurting Spain in 2012-2013
07/22/2010
Grouped Articles
Spain: Budget Woes Hit Regional Governments
BusinessWeek 07/22/2010
Spain's New Tax Crackdown Makes It Personal
Wall Street Journal 02/09/2013
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
Spain Braces for Renewed Austerity as Tax Take Hemorrhages
Unknown 07/10/2012
Euro Zone Eases Budget Demand on Spain
Wall Street Journal 07/10/2012
Spanish Bond Rates Inch Higher Amid Fears
New York Times 07/20/2012
Spain's prime minister Mariano Rajoy's handling of the economic and banking crisis in Spain
09/28/2011
Rajoy's history cautiously embracing politics as Spain emerged from the Franco era, his father's advice to avoid politics after the searing experience of his grandfather in Galicia, the early years in Pontevedra, Galicia, and regional pride in Galicia, are described in Rajoy's book "En Confianza." Regional pride and the European experiment appear to be intertwined, just as Germany would like to see its political entity merged with a European entity, Spain would like to see its political entity merged with the European entity, because of a searing interwar period. Rajoy would genuinely like to see the European experiment go forward as he made the decision to accept EU aid.
Grouped Articles
Wall Street Journal 09/28/2011
Spain Emerges From Recession but Sees More Austerity Ahead
Wall Street Journal 09/23/2013
Spain Plans to Burn Its Bridges to Keep Vacationers on the Job
Wall Street Journal 02/08/2012
Mariano Rajoy of Spain Steps Up in Debt Crisis
New York Times 06/10/2012
EU: Spain Banks Will Be Monitored
Wall Street Journal 06/11/2012
Spain's Handling of Bankia Repeats a Pattern of Denial
Wall Street Journal 06/11/2012
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