EU says Spain too optimistic on growth, warns on deficit


BRUSSELS - Spain's budget risks breaking EU fiscal rules in 2016 as it is based on growth forecasts that do not take into account the country's exposure to emerging markets where growth is slowing, a European Commission report said on Monday.


Cameron's EU referendum unsettles some British expatriates in the Spanish sun 12 Oct 2015

FUENGIROLA, Spain - For some sun-seeking Britons, a cloud has formed over the whitewashed villages, beach bars and golf courses of Spain - the risk that Britain will drop out of the European Union.


Western countries say endorse unity government for Libya 10 Oct 2015

WASHINGTON - France, Germany, Italy, Spain, Britain and the United States on Friday endorsed a national unity government in Libya as proposed by the United Nations to end the conflict between two rival governments in the war-torn country.

Volkswagen guarantees 4.2 billion euro Spanish investment 09 Oct 2015

MADRID - German carmaker Volkswagen , grappling with a scandal over rigged emissions tests, has guaranteed a 4.2-billion euro (3.1 billion pounds) investment in Spain, Industry Minister Jose Manuel Soria said on Friday.


Santander evacuates Madrid office after likely 'white powder' hoax 06 Oct 2015

MADRID - Spanish lender Santander evacuated the main building at its Madrid headquarters on Tuesday after envelopes containing white powder were sent to senior executives in what police said looked to have been a hoax.

Spain, France arrest member of Basque group ETA near Paris 06 Oct 2015

MADRID - Spanish and French police arrested a long-sought leading member of the militant Basque separatist group ETA in a Paris suburb on Tuesday after a series of recent operations against the group.

Spanish judge seizes passport of ex-IMF chief Rato in fraud probe 06 Oct 2015

MADRID - A Spanish judge confiscated former economy minister Rodrigo Rato's passport on Tuesday as a precautionary measure, a Madrid court said, as it investigates allegations of money laundering, tax fraud and corruption against him.


Spain's 2015, 2016 budgets risk breaking rules - EU Commission 05 Oct 2015

LUXEMBOURG - Spain's 2015 budget and its draft for 2016 are at risk of breaking EU fiscal rules and will need to be revised, the European commissioner for economic affairs said on Monday.

Turbine maker Nordex buys Acciona's wind power business 04 Oct 2015

BERLIN - German wind turbine maker Nordex is buying the wind power business from Spain's Acciona SA for 785 million euros (£579.81 million) in cash and shares to create a global player in the wind energy market, it said on Sunday.


Spain bets on German-style apprentices to fix youth unemployment 04 Oct 2015

MADRID - Kelvin Heredia dropped out of school aged 16 during the heady days of Spain's real estate boom to take up well-paid work as a window fitter.

ECB sets higher capital hurdle for Greek banks in stress tests

FRANKFURT - The European Central Bank has set the capital threshold that top Greek banks must meet in a stress test higher than in earlier euro zone wide health checks, a source close to the matter said on Tuesday.