Draghi Says Europe No Japan as Crisis Spurs Price Cuts

Henar Fuentes held out the white cardigan sweater as if she wanted nothing more in the world. It was on sale for 8.45 euros ($11.44) at a Madrid boutique just a few minutes’ walk from the Puerta del Sol.

Spain raises four billion euros in bond auction

MADRID: Spain raised four billion euros in medium and long-term bonds Thursday a day after the IMF said the outlook for the nation remained bleak.

Spain may miss 2012 budget deficit goal: Bank of Spain

MADRID: The Bank of Spain warned on Wednesday that the recession-hit country could miss its budget deficit target for 2012 given the 'very unfavourable' economic context, one year after it overshot its 2011 target.

Spain minister plays down IMF report

MADRID (AP) — Spain's economy minister played down the International Monetary Fund's forecast that the Spanish economy will contract by 1.3 percent next year — more than double its previous predictions — saying Tuesday that the forecast is not written in stone.

Spanish recession set to deepen as austerity bites

MADRID (Reuters) - The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, as the government moves closer to seeking a European rescue package.

Merkel faces tough sell at home over Spanish aid

BERLIN (Reuters) - Angela Merkel's government was forced to defend an EU rescue for Spain's indebted banks on Monday, with many Germans convinced their generosity is being abused and skeptics warning that promising aid without tough conditions sets a risky precedent.