
Ben Bernanke: “The burden is on central banks to help the recovery”
Former Federal Reserve chairman calls for more fiscal stimulus to kickstart US economy

Former Federal Reserve chairman calls for more fiscal stimulus to kickstart US economy

Deficit target miss means more spending cuts may be on the way, but “at a measured pace”

International organization predicts economy will shrink by 8% this year amid worsening crisis

Economy will grow 2.6%, a tenth of a point less than the world body had predicted in January

Court-appointed mediator announces multi-billion deal with most recalcitrant creditor

Divisions among moderate Republicans helping strengthen magnate’s candidacy

US daily looks toward Mexico with Carlos Slim’s help after it cancels Brazilian edition

Interior Minister in New York to try to improve attention given to terrorism victims

After hitting 3.1% this year, GDP rise will decline to 1.8% by 2020, organization predicts Fund calls for more labor market reforms and budget cuts while protecting the “vulnerable”

So-called ‘mileuristas’ have got used to their low-income lives since the term was coined

Organization warns against complacency and says more reforms are needed to create jobs

Unemployment is still expected to remain above 20% this year and the next

Only forecasts for Spain and US revised upward in new report, amid downward global trend

Fueled by a low euro, the appetite for Spanish treasury notes is getting stronger

Latest report by world organization forecasts a small gain of 1.7% amid a global slowdown

Seven heads roll in 48 hours over expenses revelations at Caja Madrid and Bankia banks

Industry complains that growing numbers of visitors are staying in unlicensed apartments, not hotels

The new head of Banco Santander has been welcomed by the global financial community

The death of longtime chairman Isidoro Álvarez marks a turning point for the department store chain

New report says country’s lenders are well positioned for this fall’s European stress tests
GDP-to-debt ratio soon set to reach 100% – a figure not seen in more than a century
Improved predictions for 2014 are based on unexpectedly strong economic performance

Household spending survey shows people are also buying fewer clothes than before the crisis

Other measures recommended by local mission include tax pardons for struggling companies

New law aimed at bringing in foreign entrepreneurs has got off to a less-than-glittering start Offer has mainly appealed to those wanting to buy cheap property
Figure more in line with predictions of European Commission and Spanish government But Washington-based institute still sees unemployment hovering at 25% both this year and next
Just two weeks after this meeting, the first savings bank was bailed out by the central lender