PM Rajoy on the frontline of power struggle in Brussels
Spain, France and Italy to lead coalition in an attempt to prevent European Commission from obtaining more power
Spain, France and Italy to lead coalition in an attempt to prevent European Commission from obtaining more power
Brussels fears ECB president may be seen protecting Italian lenders
Eurogroup president Dijsselbloem insists there are many reasons for optimism over country’s economic future
In political success story scenario, ECB also feels there will be no need to extend rescue loan’s maturity
Catalan premier responds from Brussels mission: “The magnanimous thing would be to let Catalans vote”
Estimated annual shortfall across the European Union is €200 billion
Rajoy administration hopeful of leaving rest of funds untouched but finance ministers say it will depend on deficit target being hit
Ruling applies to financial intermediaries for the period 2007-2011
Troika report on bailout program also points to impact of new regulations on lenders
“Soft bailout” prepared to cushion country’s landing when troika rescue package expires in 2014
Spanish minister hails deal struck on who should shoulder the cost of future bank bailouts
The Fund wants out of the European bailout schemes and the Commission believes the austerity formula has run its course
Europe wants Madrid to extend maturity of loan as form of security
PM confirms plans to meet with Rubalcaba to agree common front for EU summit
Financial system’s “risks remain elevated”
Government says Treasury has ready access to funding markets Germany expresses regret over leftover finance
France and Italy add support to greater flexibility on budget deficits and new focus on reforms
Bank bailout pushed up shortfall to EU-topping 10.6 percent of GDP Minister predicts economy could contract by 1.5 percent in 2013 Portugal also looking for some leeway on target
Commission says reform agenda incomplete Rajoy promises more economic changes but asks Europe for stronger support in exchange for austerity
Popular Party government soon to revise economic forecast to GDP contraction of one percent
De Guindos says inaction will create “undesirable situation” for whole of EU
The EC suspects public aid to Spanish clubs may violate competition rules
In its report card on Madrid’s compliance with the terms of the bailout for Spanish banks, the European Commission urges stricter control of regional finances
Spanish government claim that joining sector watchdogs will save money unsubstantiated, EC argues
European Commission report highlights country’s slew of high-profile corruption cases
Spanish telecoms giant to appeal 66.9-million euro penalty
Foundations must have reserve funds to back up commercial units in case of financial difficulties