debt

European Union

Spain wins extra time from EU in deficit war

The European Commission on Wednesday gave Spain extra time to trim its deficit as it laid down economic targets for EU nations that desperately need growth and jobs in the fallout from the debt crisis.

France

Spain tops European 2012 deficit rankings

Spain had the biggest deficit — 10.6 percent of gross domestic product — of all the eurozone and EU states in 2012, according to final deficit and debt figures published by the European Commission on Monday.

European Union

EU hands Spain stark warning on debt

The European Commission warned on Wednesday that Spain and Slovenia pose Europe's biggest economic risks at present and must quickly tackle excessive imbalances, giving them just weeks to show they can deliver the changes needed.

Football

La Liga tax offenders kick off late payments

Football may have been a ray of hope for crisis-ridden Spain over the past five years, but Spanish teams are only now starting to pay back the €752.3 million they owe the taxpayer.