Spain

Spain to close up to 30 state-run airports

24 May 2012

Spain is to partially close 30 of the nation's 47 state-run airports in an attempt to reduce the costs of its "white elephants" built throughout the nation during the boom years.

Spain cuts aid to Caribbean, S. America

24 May 2012

BUENOS AIRES, May 24 (UPI) -- All but the poorest of Caribbean and Latin American countries are set to lose Spanish development aid because of the European nation's severe credit crunch and urgent financial requirements in a hard-pressed domestic economy.

Spain bails out Bankia, seeks plan for troubled regions

23 May 2012

MADRID (Reuters) - Spain announced a 9-billion-euro ($11 billion) bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs that threaten to drag the country deeper into the eurozone crisis. The country's weak banks and overspending regions are at the heart of the European debt crisis due to concerns that expensive ...