Spanish bank chairman steps down
The chairman of Spain’s Bankia, Rodrigo Rato, announced his resignation on Monday. The Spanish government is on the verge of announcing a rescue plan for the troubled bank which will be part of a...
Eurozone
Europe’s struggling workers turn to Argentina
Europe’s economic downturn has forced many workers to search for a new life in South America.
Spain left reeling as figures show a quarter unemployed
Spain has announced that its jobless rate surged to a record 24.4 percent at the end of March, pounding financial markets already reeling from a Spanish sovereign debt downgrade.
Greece forecasts deeper recession
Greece’s economy is set to contract by a deeper than expected five percent this year according to the country’s central bank chief, worse than the 4.5 percent decline previously forecast. A lone protester holding...
IMF Chief: Recovery Still Fragile, Despite Improvement
The head of the International Monetary Fund, Christine Lagarde, is keeping up the pressure on world leaders and urging them not to become complacent. Despite signs of financial stabilisation in the eurozone and stronger...
Spain under pressure from EU ministers
Spain is not yet the new Greece but it is raising some eyebrows in Brussels. Mariano Rajoy’s new government has admitted it will miss a deficit goal agreed in the new fiscal pact to...
Unusual Homes: €1.4bn House Is a Work of Art
Wicklow native Frank Buckley turned to artwork to spark conversations about the euro crisis. Mr Buckley first created mixed-media art using decommissioned banknotes and then made an entire house in which to showcase his...