Madrid (Spain)

Spanish banks need as much as $78 billion to survive a worst-case scenario in which house prices fall 60 % from their peak, auditors said Thursday. Spain's European partners have offered it a loan of as much as $125 billion to rescue its troubled banks,...

Spain filed its formal request Monday for a European bailout, but postponed announcing an exact dollar figure and many other details until after what could be a contentious summit of the continent's leaders later this week....

Paying ever-higher rates to borrow money, Spain may not be able to finance itself much longer through debt, the country's prime minister warned Wednesday. It was the clearest indication yet that his country may need an even bigger rescue than a European...

After an all-night party to fete their national soccer team, Spaniards who managed a few winks of sleep woke up Tuesday to even more good news: the biggest summertime jobs rally in 16 years. Nearly 100,000 fewer Spaniards filed for jobless claims in June,...

Spain's high court opened a criminal fraud investigation Wednesday into the conduct of 33 current and former executives at Bankia, the conglomerate of Spanish savings banks whose spectacular failure forced Madrid to request a European bailout....

Spain appears to be close to asking for an international bailout of its flagging baking sector. Some reports say the request could come as early as this weekend....

Investors are holding their breath for a run on Spanish banks, as depositors quietly worry whether their money is safe. Electronic transactions are up slightly, with money flowing from smaller Spanish banks to larger ones, and even to accounts outside the...

MADRID -- Spain's borrowing costs flirted with record highs Monday and stock prices sank on the first trading day since Madrid agreed to give $24 billion of taxpayers' money to rescue its largest real estate lender. The country's prime minister vigorously...

Europe's single currency is a bust. With unemployment reaching depression levels in the Mediterranean states, time has long passed to negotiate an orderly return to national currencies. Euro advocates argue a single currency is essential for creating a...

Allentown resident and professsional tennis player Varvara Lepchenko has won three matches and advanced to the quarterfinals of the Mutua Madrid Open, played on the blue clay in Spain. Lepchenko, who is ranked No. 77 in the world has defeated three higher...

Spain's Queen Sofia is canceling a visit to Britain for a lunch Friday of various crowned heads to celebrate Queen Elizabeth II's Diamond Jubilee. Sofia withdrew from the event at Windsor Castle because of disputes between Spain and Britain over...

Spain announced a major overhaul of its troubled banking sector in a bid to avoid having to ask for an international bailout. Spain's' banks are saddled with billions of dollars in bad loans because of a housing bubble....