Protests become way of life in Spanish recession

MADRID (Reuters) - Spanish workers are increasingly walking off the job to protest wage reductions and privatizations by the government as it tackles a steep public deficit that last year threatened to bankrupt the country.

Spain to miss deficit targets in 2012 and 2013; debt to cross 90 pc of GDP: IMF

MADRID: Spain will miss its deficit targets in 2012 and 2013 and its debt will jump to more than 90 percent of gross domestic product next year as it recapitalises its banking sector, the IMF said on Tuesday.

Eurozone crisis: Spain refuses bailout terms

Mariano Rajoy, the Spanish prime minister, has said he is more determined than ever to avoid having to ask for a bailout – despite the insistence last week by ECB president, Mario Draghi, that it would be a condition of the central bank helping to keep down a country's borrowing costs.

Spain public deficit may top 8 percent: minister

MADRID (Reuters) - Spain's public deficit for 2011 may be higherthan the 8 percent of GDP forecast by the new government, the economy minister said Monday, fuelling fears the country faces a prolonged period of tight budgets and economic contraction.