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Economics

Eurozone Recession Expected To Deepen

The eurozone's recession will be even deeper than previously feared this year, the European commission has warned, as it slashed its outlook for crisis-stricken Cyprus and downgraded the prospects of the bloc's biggest economies.

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Financial Markets

Santander Chief Alfredo Sáenz Resigns

One of Europe's most powerful bankers, the Santander chief executive, Alfredo Sáenz, has resigned after a long-running row about whether he should be banned from heading the eurozone's largest bank.

Bernanke Sees Transition From Libor Still

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Bernanke Sees Transition From Libor

Mark Barton reports on Thursday's top headlines.

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A House In Spain

Economics

Cyprus Sparks Fears of Crunch Time for Spain

Spain's banking bailout last year is now a distant memory.

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Financial Markets

Santander Latest Bank To Reveal Million-Pound Staff

The UK arm of Spanish bank Santander handed 19 of its bankers more than £1m last year, including its chief executive Ana Botín who received £4m.

European Union

Europe

Spain hasn't seen unemployment this bad since Franco

Not since the days of Franco has Spain suffered such high unemployment rates. The country was virtually a feudal, agrarian economy the last time almost six million workers were unemployed.

Pair Of Scissors

Europe

Spain's economy shrinks again and remains deep in recession

Spain's double-dip recession worsened at the end of last year as the eurozone's fourth-largest economy shrank dramatically in the final quarter, raising doubts over a government-heralded recovery for the end of this year.

Cha Ibiza Winter Boot

Europe

Barcelona Pursues Italy Over 1938 Bombing

His fellow eyewitnesses are dying off, but Alfonso Cánovas, 95, remembers Barcelona becoming one of the first major cities in the world to be subjected to a campaign of aerial bombardment.

Depression, Suicide

Europe

Spain: The Pain of Austerity Deepens

Forget, for a moment, the Greek tragedy. The tale of social woe set to play out in Spain this year is both bigger and more important to the world. For the drama of rescuing the euro, or letting it sink, will be played out on Spanish soil.

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Europe

Monti Resignation Causes Fears of Renewed Euro Turbulence

European leaders watched Italy with a mounting sense of alarm yesterday as renewed political turbulence threatened to end months of relative calm over the euro and spill over into Spain.

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