MADRID: The IMF told Spain on Friday it faces five more years with an unemployment rate topping 25 percent as it pressed Madrid to enact new reforms including measures to help firms slash wages instead of axing staff.
August 04, 2013
August 03, 2013
Italian, Spanish Bonds Rise Third Week as Economic Data Improves
Italian and Spanish government bonds advanced for a third week after reports showed factory output in the euro area expanded for the first time in two years and the number of people unemployed in Germany declined.
August 02, 2013
Euro Rises to Near One-Month High Against Dollar Ahead of FOMC
The euro on Wednesday strengthened against the dollar as traders prepared for the possibility that the Federal Reserve will flag weak U.S. economic data.
August 01, 2013
Irish unemployment rate dips to 13.5%: Official data
DUBLIN: Ireland's unemployment rate retreated last month to the lowest level since April 2010, official data showed on Wednesday.
July 31, 2013
Spain marks two years of contraction in second quarter
MADRID: Spain's two-year economic slump showed signs of coming to an end in the second quarter, data showed on Tuesday, but weak domestic demand and looming fresh austerity measures mean a sustained recovery may still be far off.
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