Spain

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Spain Set For Corporate Tax Rise As Madrid Tackles Deficit

The private sector in Spain is set to shoulder most of the burden as the government moves to bring its wayward deficit into line, after the economy minister unveiled plans to raise an extra €6bn in corporate taxes next year, the Financial Times repor ...

Daily Headline - global.abi.org - 07/12/2016 - 23:34 - 0 comments

Eurozone Slams Spain, Portugal On Excessive Deficits

Eurozone finance ministers agreed on Monday (Jul 11) to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc, Channel News Asia repor ...

Daily Headline - global.abi.org - 07/11/2016 - 21:12 - 0 comments

EU Executive Rules Spain, Portugal Didn’t Do Enough to Curb Budget Deficits

The European Commission said Thursday that Spain and Portugal didn’t take sufficient measures to bring their 2015 budget deficits within European Union limits, triggering a process which could eventually lead to financial sanctions, The Wall Street Jou ...

Daily Headline - global.abi.org - 07/07/2016 - 23:05 - 0 comments

Brussels Set To Fine Spain And Portugal For Deficit Breaches

Spain and Portugal are on course to become the first ever eurozone countries to be sanctioned for breaching EU fiscal rules, in a move set to inflame political tensions over how dogmatic Brussels should be in policing national budgets, the Financial Ti ...

Daily Headline - global.abi.org - 07/05/2016 - 23:03 - 0 comments

Court Approval of Refinancing Agreements in Spain

The 4th Additional Provision of Law 22/2003 of July 9, on Spanish Insolvency (the “Insolvency Law”) regulates one of the main pre- insolvency instruments existing in Spanish law: court approval of refinancing agreements between a debtor company and its c ...

Resource Article - twallace@abiwor... - 06/28/2016 - 16:38 - 0 comments - 1 attachment

Santander’s Madrid HQ Searched By Spanish Authorities In HSBC Tax Probe

Spanish authorities have searched Santander's headquarters in Madrid as part of a probe into alleged money laundering and tax evasion triggered by leaks from HSBC's Swiss private bank, Economia reported. Spanish police were seeking document ...

Daily Headline - global.abi.org - 06/06/2016 - 21:56 - 0 comments

Shares in Spain’s Banco Popular Plunge on $2.8 Billion Rights Issue

Banco Popular Español SA will launch a €2.5 billion ($2.8 billion) share sale in an effort to ease investor concerns about its massive pile of soured property loans, The Wall Street Journal reported. Banco Popular, one of Spain’s weakest major lender ...

Daily Headline - global.abi.org - 05/27/2016 - 01:44 - 0 comments

Spain Facing Fresh Austerity Measures Post Election

Spain’s acting prime minister Mariano Rajoy is planning to implement new austerity measures if he remains in government after a June election, in a bid to avoid a European Commission sanction for failing to control the public deficit, the Irish Times ...

Daily Headline - global.abi.org - 05/24/2016 - 00:14 - 0 comments

EU Delays Decision on Spain and Portugal Over Deficit Breaches

The European Commission has put off a contentious decision on imposing financial sanctions on Spain and Portugal for failing to bring their budget deficits within European Union rules, saying it would revisit the issue in July, after Spain had held a gen ...

Daily Headline - global.abi.org - 05/18/2016 - 21:01 - 0 comments

Spanish Unemployment Up Slightly But Officials Remain Positive

Spain’s unemployment rate rose slightly in the first quarter, to 21 per cent, but job losses were less severe than usual in what is traditionally a weak period for the labour market, the Financial Times reported. The number of out-of-work Spaniards r ...

Daily Headline - global.abi.org - 04/28/2016 - 21:19 - 0 comments

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