Recession, bank run talk: Spain's woes grow
Spain's borrowing costs shoot up, after the country falls back
into recession.
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Spain beset by bank crisis, recession, bond pressure
MADRID (Reuters) - Spain's borrowing costs shot up at a bond
auction on Thursday, after economic data confirmed the country is back in
recession and a report of an outflow of deposits from nationalized Bankia
hammered its share price. Madrid approved plans by the country's
heavily-indebted autonomous regions to make budget cuts worth 18 billion
euros this year, and a government source said ...
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Moody's downgrades 26 Italian banks
Credit rating agency says move prompted by economic recession and
government austerity measures that have hurt demand.
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Spain back in recession
Economic data has confirmed Spain is back in recession.
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Economic Report: Home-builder sentiment at best since recession
Home builder sentiment improved in May to the highest reading since
the recession on an upturn in sales and traffic, a trade group said
Tuesday.
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