Madrid - Spain could "continue being proud" of its financial system, Economy Minister Pedro Solbes said Monday, one day after the government announced its decision to bail out the savings bank Caja Castilla La Mancha (CCM).
It was the first such rescue in Spain during the global financial crisis, and made the government's constant reassurances about the solidity of the banking system ring increasingly hollow.
Madrid - Spain's EU-harmonized consumer prices fell 0.1 per cent in March, after rising 0.7 per cent in February, the National Statistics Institute (INE) said Monday.
Spain thus became the first eurozone country to register negative consumer prices during the global crisis, the economic newspaper Expansion said on its website.
Madrid - The central bank of Spain, a country whose banking system has remained largely untouched in the ongoing world financial crisis, has intervened to save regional savings institution Caja Castilla-La Mancha (CCM), the government said Sunday evening.
The Bank of Spain took control of CCM on Sunday and removed its board of directors, the government said.
Spain's Finance and Economy Minister Pedro Solbes said the savings bank had a large liquidity problem, in comments after a cabinet meeting.
Madrid - The Spanish media was full of praise on Sunday for the country's national football team after the previous day's hard-fought 1-0 defeat of Turkey.
There was agreement across Spain that not only is Vicente del Bosque's side one of the strongest on Planet Football at the moment - but also that it is the best ever national side in the 100-year history of the Spanish federation.
The statistics surrounding "La Seleccion" speak for themselves:
Madrid - European champions Spain increased their lead at the top of World Cup qualifying Group 5 on Saturday, with a tight 1-0 defeat of Turkey in Madrid.
Spain won thanks to the first international goal of Gerard Pique - and thanks to several sharp saves from Iker Casillas, arguably the world's best goalkeeper at the moment.
Turkey dominated the first half, but the hosts improved after the interval and took control in midfield.
Rabat/Madrid - Morocco has expelled five foreigners on charges of Christian proselytizing in the Muslim country, press reports said Monday.
Madrid - Spain could "continue being proud" of its financial system, Economy Minister Pedro Solbes said Monday, one day after the government announced its decision to bail out the savings bank Caja Castilla La Mancha (CCM).
Madrid - Spain's EU-harmonized consumer prices fell 0.1 per cent in March, after rising 0.7 per cent in February, the National Statistics Institute (INE) said Monday. 
Madrid - The central bank of Spain, a country whose banking system has remained largely untouched in the ongoing world financial crisis, has intervened to save regional savings institution Caja Castilla-La Mancha (CCM), the government said Sunday evening.
Madrid - The Spanish media was full of praise on Sunday for the country's national football team after the previous day's hard-fought 1-0 defeat of Turkey.
Madrid - European champions Spain increased their lead at the top of World Cup qualifying Group 5 on Saturday, with a tight 1-0 defeat of Turkey in Madrid.
