Rafael Pampillon

Rafael Pampillon News

  • Spain Insists $15 Billion Aid for Regions Won’t Swell Debt

    Spain’s plan to offer cash-strapped regional administrations emergency loans leaves the Treasury with 12 billion euros ($15 billion) of additional funding needs that the government says won’t affect its borrowing plans.

  • Spain Braces for Renewed Austerity as Tax Take Hemorrhages

    Spanish Prime Minister Mariano Rajoy may unveil a third austerity round within days as his six-month- old government tries to avoid a second bailout amid hemorrhaging tax receipts.

  • Bank of Spain Veteran Linde Named to Head Central Bank

    Bank of Spain veteran Luis Maria Linde was named head of the central bank as Prime Minister Mariano Rajoy’s government prepares to seek a bailout to clean up its financial industry.

  • Spain’s Latin America Assets Threatened by Back-to-Back Seizures

    Grupo Ezentis is a Spanish engineering company that builds and runs phone and power-cable networks in Spain and Latin America. “About two-thirds of the company’s revenue comes from Latin America, and it keeps on growing,” said Chairman Manuel Garcia-Duran. Without Latin America, Ezentis would be trapped inside the moribund Spanish market, where it’s losing money.

  • Four Spanish Savings Banks Take Steps to Merge

    Four Spanish savings banks plan to form the nation’s fifth-largest financial group with more than 135 billion euros ($168 billion) in assets as regulators push weak lenders to merge with stronger partners.

  • Zapatero Contends With Spain's Biggest Strike

    Spain’s public-sector strike received the backing of 12 percent of workers, the government said, strengthening Prime Minister Jose Luis Rodriguez Zapatero ’s hand as he seeks to tackle the euro-area’s third-largest deficit.

  • Spanish Banks With $167 Billion of Assets Plan Four-Way Merger

    Four Spanish savings banks with more than 135 billion euros ($167 billion) in assets said they plan to combine, as regulators struggle to shore up the country’s financial system and revive economic growth.

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