Spain

3:49am

Mon May 28, 2012
Europe

Spanish Lender Gets $24 Billion Lifeline

Spain's third largest lender, Bankia, is getting a $24 billion lifeline from the Spanish government. The move is a part of Madrid's effort to return some stability to the country's struggling financial sector.

4:16am

Sat May 26, 2012
Europe

Even Soccer Teams Are Feeling The Pinch In Spain

Originally published on Sat May 26, 2012 1:32 pm

Spain's soccer teams are feeling the crunch of debt, too. But rich, winning teams like Real Madrid and Barcelona — seen here playing in April — are the most likely to stay in the game.
Denis Doyle Getty Images

One of the ways Spaniards console themselves amid their failing economy is with their beloved sport of soccer. If you can't afford tickets to a game, it's always on TV in your local bar.

"For an escape from work, economic problems — just enjoy it and support your team," says soccer fan Ivan Rassuli, who's having a beer as he watches a match at a bar. "Everybody likes football. Maybe like the NBA or baseball in the United States."

But futbol, as Spaniards call soccer, has followed the same sorry trajectory as Spain's economy.

Failure To Pay Taxes

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2:18pm

Fri May 25, 2012
The Two-Way

Spanish Lender Requests $24 Billion Bailout

Originally published on Fri May 25, 2012 6:44 pm

Spanish bank Bankia's headquarters in Madrid. Spain's fourth-biggest bank, Bankia asked the government for a 19 billion euro bailout.
Pierre-Phillippe Marcou AFP/Getty Images

A troubled Spanish lender has asked the government for 19 billion euros ($24 billion) of public money to keep the bank from collapsing.

As The New York Times reports, this is far beyond what the government was expecting when it took over Bankia and "its portfolio of delinquent real estate loans."

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1:24am

Tue May 22, 2012
Europe

Spain's Beloved Four-Day Weekends Are At Risk

Originally published on Tue May 22, 2012 3:36 am

People relax at a beach in Barcelona, Spain, on a Monday last summer. Many Spanish workers are upset that some traditional four-day holiday weekends might be scaled back to just three days.
Manu Fernandez AP

One of the perks of living in Europe is the generous vacation schedule. But the austerity moves across the continent could be changing that, at least in some places. Portugal, for example, recently cut four of its 14 annual holidays.

And Spain is shuffling its calendar to shorten extended weekends — something the prime minister says it can no longer afford. The change could mean the loss of a celebrated tradition: the four-day weekend.

A Holiday For Bullfighting

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3:21pm

Mon May 14, 2012
The Salt

At Basque Cookings Clubs, Food And Fraternity Mix Heartily

Originally published on Mon May 14, 2012 3:52 pm

Enrique Vallejo serves soup at the Amaikak Bat txoko in San Sebastian.
Deena Prichep for NPR

Spring crops like asparagus and sorrel are poking up all over the hemisphere. And in the autonomous region of Northern Spain known as Basque Country, people are taking that spring harvest to a txoko.

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