Gowex CEO and founder Jenaro Garcia resigned after admitting he presented fictitious accounts

The Spanish government is planning to reorganise the framework governing the country’s stock market in response to the recent scandal surrounding tech(...)

The Gowex bubble started to burst on June 1st, when US-based investment company Gotham City Research issued a report for its clients in which it warned the Spanish firm’s results were “too good to be true”. Photograph: EPA/Diego Garcia

In March, Jenaro García, then-chief executive of technology firm Gowex, received a business prize from the Spanish prime minister. “A society needs en(...)

A large banner advertises apartments for sale at the site of newly constructed residential buildings in Madrid. Property prices across Spain dropped by just under 8 per cent last year. Photograph: Angel Navarrete/Bloomberg

Spain’s property sector is still struggling to recover from a half-decade downturn, according to figures showing that home sales dropped by 16 per cen(...)

Real Madrid players train on the eve of their Champions League semi-final second leg soccer match against Borussia Dortmund, at the club’s training grounds outside Madrid last  April. Photograph: Susana Vera/Reuters

A three-pronged investigation will take place into alleged state aid for several La Liga clubs, including Real Madrid and Barcelona, the European Comm(...)

 Minister for Finance Michael Noonan walks past Spanish economy minister Luis de Guindos  and European economic and monetary affairs commissioner Olli Rehn during a euro zone finance ministers’ meeting in Brussels yesterday. Photograph: Francois Lenoir/Reuters

Ireland’s decision to exit the IMF-EU rescue programme without the help of a precautionary credit line does not affect its ability to access the Europ(...)

People enter a government-run employment office in Madrid today. The number of people registered as jobless in Spain in August marginally declined from a month earlier, falling by just 31 people, leaving 4.7 million people out of work, data from the Labour Ministry shows. Photograph: Susana Vera/Reuters
Spanish unemployment holds steady
  • Europe
  • September 3, 2013, 10:08

Spanish unemployment was little changed in August, stabilising for the first time during that month since 2000, as Prime Minister Mariano Rajoy predic(...)

Spain’s prime minister Mariano Rajoy.

A corruption scandal that has been plaguing Spain’s governing Partido Popular (PP) for months has intensified, with new revelations prompting calls fo(...)

German finance minister Wolfgang Schaüble has dismissed fears that the euro zone crisis might be starting up again amid political turmoil in Portugal and pressure on Greece. Photograph: Fabrizio Bensch/Reuters.

German finance minister Wolfgang Schaüble has dismissed fears that the euro zone crisis might be starting up again amid political turmoil in Portugal (...)