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Spanish Court Rejects State Bailout For Bankrupt Motorways

A Spanish court has rejected a government proposal to rescue two of nine bankrupt motorways, increasing the likelihood the toll roads will go into liquidation and the state will have to assume their debt of more than 4 billion euros ($4.5 billion), Reute ...

Daily Headline - global.abi.org - 02/26/2015 - 20:57 - 0 comments

Spain’s Turnaround Plan to Offer Tax Relief

Spain’s government, predicting strong economic growth after years of harsh spending cutbacks, will offer tax breaks to encourage long-term hiring and help struggling single-parent families, Prime Minister Mariano Rajoy said Tuesday, The Wall Street Jou ...

Daily Headline - global.abi.org - 02/24/2015 - 20:50 - 0 comments

Caixabank of Spain Issues Takeover Bid for BPI of Portugal

Caixabank of Spain issued a takeover bid on Tuesday for BPI, a Portuguese bank in which it was already the largest investor, in the latest chapter in the shake-up of Portugal’s banking sector, the International New York Times DealBook blog reported. ...

Daily Headline - global.abi.org - 02/17/2015 - 22:53 - 0 comments

Spanish Antiausterity Party Podemos Holds Massive Rally in Madrid

An upstart leftist party gathered tens of thousands of followers Saturday for one of Spain’s largest antiausterity rallies in years, throwing down a populist challenge to a government already facing a secessionist movement in wealthy Catalonia, The Wal ...

Daily Headline - global.abi.org - 02/01/2015 - 22:37 - 0 comments

Spain’s Top Cities Show Signs of Housing Recovery

Spain’s residential real-estate recovery is a tale of two cities: Madrid and Barcelona, The Wall Street Journal reported. Barcelona is the only city in Spain to post an annual increase in home prices during 2014. Prices in the city rose 2.8%, with so ...

Daily Headline - global.abi.org - 01/20/2015 - 22:25 - 0 comments

Santander Plans $8.9 Billion Capital Increase to Strengthen Balance Sheet

Emilio Botín reshaped Banco Santander into one of the largest financial institutions in Europe through a series of major acquisitions, the International New York Times DealBook blog reported. Now his daughter, Ana Patricia Botín, is determined to mak ...

Daily Headline - global.abi.org - 01/08/2015 - 22:37 - 0 comments

Spain To Pay Out Benefits To Long-Term Unemployed

Spain has unveiled a series of measures to combat long-term unemployment, including a new monthly payment for about 450,000 jobless who currently receive no form of state support and face a growing risk of social exclusion, the Financial Times report ...

Daily Headline - global.abi.org - 12/15/2014 - 23:04 - 0 comments

Country Report: Reforms in Spain

The Spanish Council of Ministers passed on 7 March 2014 the Royal Decree-Law 4/2014, on urgent matters in relation to refinancing agreements and debt restructuring. The main purpose of the new law is to ease the successful completion of refinancing and d ...

Resource Article - abi_admin - 12/11/2014 - 16:46 - 0 comments - 1 attachment

Jones Day EuroResource--Deals and Debt | 30 September 2014

Spain—On 5 September 2014, Spain enacted urgent measures ("RDl 11/2014") to facilitate restructurings and avoid the liquidation of companies which, under the previous regime, might have been forced into liquidation. RDl 11/2014 modifies several ...

Resource Article - abi_admin - 12/11/2014 - 15:48 - 0 comments - 1 attachment

For Spanish Lenders, What a Difference Two Years Make

How did they do it? Two years ago, Spanish banks were in crisis, in such bad shape that they put the eurozone at risk and required a lifeline of 41 billion euros, or $52 billion, to stay afloat, the International New York Times DealBook blog reported ...

Daily Headline - global.abi.org - 10/27/2014 - 21:09 - 0 comments

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