Spain

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Madrid Aims To End Austerity With ‘Budget Of Recovery’

Madrid has sought to draw a line under austerity, setting out a budget proposal that includes tax cuts, higher salaries for public workers and more spending on education, defence and diplomacy. In a sign of the country’s return to economic strength, mini ...

Daily Headline - global.abi.org - 08/25/2015 - 21:33 - 0 comments

Spain Outperforms Rest Of Eurozone's Big Four Amid Greek Debt Crisis

leading the way, was consistent with growth continuing at about 0.4% per quarter. However, the fragility ... Eurostat, showing a 0.6% drop in retail sales growth in June. The drop in spending was sharper than the ...

Daily Headline - global.abi.org - 08/05/2015 - 21:41 - 0 comments

Bankia Eyes Fresh Capital In 2016

Bankia will look to fortify its balance sheet in 2016 through the issuance of subordinated debt instruments including Additional Tier 1, signalling another step forward for the bailed-out Spanish lender, Reuters reported. "There is no urgency and I ...

Daily Headline - global.abi.org - 07/30/2015 - 22:25 - 0 comments

Franco-Spanish Rail Operator TP Ferro Files For Creditor Protection

TP Ferro, the company that runs a high-speed rail link between Spain and France, filed for protection from creditors after failing to reach a debt restructuring agreement, its French co-owner said, Reuters reported. Construction firm Eiffage, which owns ...

Daily Headline - global.abi.org - 07/19/2015 - 09:48 - 0 comments

Costly Spanish ‘Ghost Airport’ Receives Only One Bid at Auction

One of Spain’s “ghost airports”—expensive projects that were virtually unused—received just one bid in a bankruptcy auction after costing about €1.1 billion ($1.2 billion) to build, The Wall Street Journal reported. The buyer’s offer: €10,000. Ciudad ...

Daily Headline - global.abi.org - 07/19/2015 - 09:50 - 0 comments

Country Reports Winter 2014/15. Updates from Latvia, Spain, France and Romania

After two years of fierce debate a major package of amendments is going to enter into force on 1 March 2015 in Latvia. The most controversial are those relating to personal bankruptcy. Firstly, after the sale of the debtor’s dwelling that served as c ...

Resource Article - abi_admin - 06/02/2015 - 13:22 - 0 comments - 1 attachment

Banco Popular To Sell €451 Million Worth Of Spanish Property

Banco Popular is preparing to sell €451 million euros of real estate assets in Spain as international investors return to the country’s property market, the Irish Times reported. The bank’s portfolio includes 1,753 homes in Madrid, Barcelona, Toledo ...

Daily Headline - global.abi.org - 05/25/2015 - 22:44 - 0 comments

Spain and Portugal Can Cope With Grexit

If anyone was going to blink over Greece, one might think it would be Spain or Portugal—the two countries widely considered most at risk if Greece leaves the eurozone. Indeed, both saw a slight rise in their borrowing costs last week at a particularly bl ...

Daily Headline - global.abi.org - 05/03/2015 - 22:14 - 0 comments

Spain's Martinsa Fadesa Enters Liquidation After Failing To Strike Deal With Banks

Property developer Martinsa Fadesa said on Thursday a court had begun its liquidation, seven years after it became one of the most notable casualties of Spain's real estate crash and filed for bankruptcy, Reuters reported. The liquidation, after a s ...

Daily Headline - global.abi.org - 04/09/2015 - 21:19 - 0 comments

Spain's Bank Fund Says Will Not Bail Out BPA's Banco Madrid

Spain's bank restructuring fund (FROB) said late on Wednesday it would not bail out the Spanish affiliate of Andorra's Banca Privada d'Andorra (BPA) Banco Madrid, clearing the way for insolvency proceedings at the lender, Reuters reported. ...

Daily Headline - global.abi.org - 03/19/2015 - 22:33 - 0 comments

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