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Spanish Job Losses Stabilize

Spanish jobless claims rose at the slowest pace in six years in August, the country's labor ministry said, a sign that surging unemployment in the euro zone's fourth-largest economy is leveling off.

 

Spanish recession set to deepen as austerity bites

Spanish Economy

The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, while the country's most economically important region, Catalonia, said it needed a major rescue from Madrid.

 

US wins gold, beats Spain 107-100 in men's hoops

Kevin Durant

Kevin Durant scored 30 points, LeBron James added 19 and the U.S. men's basketball team defended its Olympic title, holding off stubborn Spain 107-100 on Sunday for the gold medal -- just as the Americans did in 2008.

 

London 2012: U.S. Men’s Basketball Team Advances to Gold Medal Game

In a semifinal men’s basketball game, the United States defeated Argentina 109-83 and will play Spain for the gold medal at the London Olympics.

 

More Companies Cut Spain Exposure

Corporate storm clouds gathered over Spain again as two major European companies joined the ranks of those saying they were taking steps to reduce exposure to the recession-hit country.

 

Will Brazil, Spain tank to avoid U.S. men's basketball team?

After the badminton scandal in which teams didn't play their best in order to gain a favorable position, all eyes will be on Monday's Spain-Brazil Olympic men's basketball Group B game.

 

Spain Arrests Al Qaeda Suspects Planning European Attacks

Three people linked to al Qaeda have been arrested in the south of Spain, one in possession of explosives they planned to use in attacks in either the Iberian country or other European nations, Interior Minister Jorge Fernandez Diaz said on Thursday.

 

Euro Watch: More Signs of Aid to Spain From Euro Partners

Euro Support

At the start of another critical week for the euro, the head of the finance ministers that use the currency, Jean-Claude Juncker, reinforced expectations Monday of an initiative to lower Spain’s borrowing costs, which had hit alarming heights.

 

Spain discusses state bailout; ECB seen writing off Greek debt

Spain has at last conceded it may need a state bailout and policymakers are considering writing down Greek debt to their central banks, European officials said on Friday, as markets anticipated radical new action to pull the continent out of its debt maelstrom.

 

Spain discussed $366 billion bailout with Germany - source

Spain Bailout

Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion euros ($366 billion) if its borrowing costs remain unsustainably high, a euro zone official said.

 

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