Fernando Fernandez News
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At 10 a.m. on a hot Friday, Antonio Rodriguez Alvarez and his brother, Francisco, sit outside a bar in Ecija, Spain, drinking an anise liquor with water. Unemployed laborers, they visit the job center daily at 9 a.m. in search of work. When there is none, they repair to the bar and worry.
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Four years ago, Wendy Atkinson Navarro, 36, had a job, a husband and a home. Now, she is divorced, out of work and living with her mother near Madrid, a casualty of Spain’s recession that has driven unemployment above 24 percent and is unnerving young people.
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Fernando Fernandez, a professor at IE Business School, discusses the recapitalization of Spain's saving banks and the outlook for the country's economy.
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Spanish elections next month may expose wider-than-reported regional deficits as local governments take power, risking higher bond yields and testing the country's ability to withstand Europe's debt crisis.
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Spanish Prime Minister Jose Luis Rodriguez Zapatero , isolated in parliament and his popularity slumping amid the biggest budget cuts in 30 years, is finding his efforts aren’t paying off internationally either.
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Spanish Prime Minister Jose Luis Rodriguez Zapatero ’s Socialist party had its worst electoral setback in more than 30 years, prompting a shift in regional power that risks swelling the public deficit.
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The Spanish shopping siesta may be about to become the latest victim of the sovereign debt crisis.
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Spanish Prime Minister Mariano Rajoy named a former Lehman Brothers Holdings Inc. banker and a budget professor as his finance chiefs, tasking them with overhauling an economy that risks being engulfed by the debt crisis.
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Spain and Portugal may be getting the message as they try to stop their economies from becoming infected by the Greek crisis.
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Spain plans to inject as much as 1 billion euros ($1.35 billion) of capital into Banco de Valencia SA, the latest of seven lenders to be either seized or taken over by the central bank.
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