Spain jobless rate hits new high in third quarter

About a quarter of working-age people in recession-hit Spain are unemployed, new figures have shown.

Sceptics abound as Mario Draghi's ECB bond 'bluff' electrifies global markets

The European Central Bank has opened the door to emergency support for the Spanish and Italian bond markets, setting off a blistering rally on bourses across the world.

Spain forces banks to set aside €30bn

Madrid, Spain (TOE) - The Spanish government has announced a new set of financial reforms, particularly aimed at cleaning up country's banking system infested with bad loans.

Spain bond auction sees strong demand

There was relief at the result of Spain's bond auction on Thursday, in which there was strong demand, even though some borrowing costs rose.

For Spain, an Economic Lifeline from China

With an unemployment rate of 22.8 percent, the euro zone’s highest, Spain appears to be spiraling back into recession. Yet the Cobo Calleja industrial park 15 miles south of central Madrid shows few signs of economic distress.