Brussels says Spain has room to raise VAT further
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
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
Rajoy’s government gets some leeway that might allow bailout to be avoided

EU Competition Commissioner Joaquín Almunia argues that Spain has made great strides in recapitalizing its lenders
Spain drawing up legislation to severely constrain composition of boards of savings banks
Ceiss needs 850 million to meet capital requirements
Brussels confirms funds of 37 billion euros for four nationalized lenders NCG and Catalunya Banc to be sold or wound up within five years
Novagalicia and other nationalized banks also facing cutbacks as European Commission finalizes 35-billion-euro operation

Spanish PM confident agreement will be reached soon
Country to be net contributor to bloc for first time ever

“Spain’s primary objective is to reduce the public deficit,” De Guindos said
Brussels concerned that regional tensions will distract Madrid government from fiscal discipline
Spanish public debt ratio at highest level in a century De Guindos does not expect any additional conditions if Spain seeks second bailout
German finance minister rules out need for a full bailout
Pressure builds up for Spain to request full rescue
First tranche of credit for Spanish banking sector will be released this month Brussels does not rule fresh austerity demands, including pension cuts

Economy minister says letter will be prepared on his return from Eurogroup meeting IMF’s Lagarde throws weight behind a direct recapitalization of banking sector
Prime minister makes request at G20, government sources say Eurogroup likely to reject idea, according to EU sources
IMF, Brussels and the ECB to oversee restructuring of country’s financial sector

The refusal of Greek voters to accept Brussels' austerity measures are in danger of creating two opposing blocs within the EU, led by Germany and France

ECB to help with valuation of bank real estate assets De Guindos rules out need for restrictions on financial outflows
EC expects recession to extend into next year
Hollande’s anti-austerity rhetoric puts EU pact on front burner as growth summit announced for May 23
Spanish firm says it respects sovereign decision if government adheres to international law Bolivian unit accounts for only 1.5 percent of Red Eléctrica’s revenues