Mariano Rajoy

• Coordinated Strikes Hit Europe

  By Marlene Y. Satter, AdvisorOne  |  November 14, 2012

  Millions of European workers hit the streets, heading not for their jobs but for demonstrations against austerity measures that have worsened the suffering of individuals in numerous countries.

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  Spain Takes S&P Rating Cut

  By Marlene Y. Satter, AdvisorOne  |  October 11, 2012

  S&P not only downgraded the country’s sovereign debt rating two notches to a single level above junk, but also gave it a negative outlook. The ratings agency cited the uncertain economic and political situation in its reasoning.

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  Spain Stalls as ECB Council Meets

  By Marlene Y. Satter, AdvisorOne  |  October 4, 2012

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  Spain Suffers as Corporations Save on Taxes

  By Marlene Y. Satter, AdvisorOne  |  October 3, 2012

  A combination of small-business failures and the move of large corporations toward countries considered tax havens has led to a drop of nearly two-thirds in the corporate taxes collected by Spain.

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  Spain Set to Cut Budget Amid Demonstrations

  By Marlene Y. Satter, AdvisorOne  |  September 27, 2012

  Prime Minister Mariano Rajoy hoped the cuts would enable Spain to avoid conditions imposed on a possible bank bailout.

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  Spain Hesitates on Aid as European Finance Ministers Meet

  By Marlene Y. Satter, AdvisorOne  |  September 14, 2012

  Prime Minister Mariano Rajoy of Spain continued to hold off in requesting a bailout for the country’s banks, citing lower interest rates in the wake of the ECB's decision to commit to unlimited bond purchases.

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  ECB Plan Cuts ‘Drama’ From Aid Requests: Monti

  By Marlene Y. Satter, AdvisorOne  |  September 7, 2012

  ECB President Mario Draghi’s plan to buy bonds and drive down the interest rates for eurozone countries in trouble has lessened the stigma of asking for help, according to Prime Minister Mario Monti of Italy.

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  Spain’s Suffering Continued in July, Q2

  By Marlene Y. Satter, AdvisorOne  |  August 28, 2012

  Both individuals and businesses pulled deposits from Spanish banks in July, as the country’s GDP continued to fall in the second quarter under austerity measures.

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  Spain Risks ECB Wrath With Unemployment Extension

  By Marlene Y. Satter, AdvisorOne  |  August 15, 2012

  Calling the move “just” in a country with unemployment near 25%, Prime Minister Mariano Rajoy also said that he was still considering asking for help from Europe to combat cripplingly high bond yields.

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  Italy, Spain Resist ECB Requirement

  By Marlene Y. Satter, AdvisorOne  |  August 6, 2012

  Neither Spain nor Italy is prepared to ask the European Central Bank (ECB) for aid in order for the ECB to begin buying their countries’ bonds. At least not yet.