Former IMF head and former Spanish Economy minister Rodrigo Rato (centre) is surrounded by the media as he leaves his office  in Madrid last week. Photograph:   Gerard Julien/AFP/Getty Images

Spain is only a month away from local elections in which a new generation of young politicians promising sweeping changes is expected to burst onto(...)

Juan Carlos Monedero,  third-in-command of Spanish anti-austerity party Podemos, during a press conference in Madrid. Mr Monedero described a controversy over payments he received from from the Venezuelan, Bolivian, Ecuadorian and Nicaraguan governments as a ‘government set up’. Photograph: Javier Soriano/AFP/Getty Images

Podemos, the new anti-austerity party that is leading Spanish polls, has hit back at accusations that one of its leaders engaged in tax fraud, stemmin(...)

Podemos leader Pablo Iglesias: aims to roll back austerity Spain has been implementing for the last five years. PIerre-Philippe Marcou/AFP/Getty Images

Pablo Iglesias, the leader of Podemos, a new anti-austerity party which is leading opinion polls, has said he is determined to win Spain’s upcoming ge(...)

  Chancellor George Osborne  is understood to have told Greek finance minister Yanis Varoufakis that London  will not be sympathetic to Athens’s debt demands. Photograph: Peter Nicholls/Reuters

Suzanne Lynch and Mark Hennessy Greek prime minister Alexis Tsipras travels to Brussels tomorrow for meetings with the head of the European Commission(...)

Rather than directly boosting tax revenue by hiking taxes, the latest reform aims to widen the tax base by reducing available tax breaks

Spain announced on Friday it would cut income tax and reduce corporate tax to 25 per cent for large companies by 2016, aiming to speed up a nascent ec(...)

Princess Cristina: speculation about her financial affairs raged in the media and on internet forums. Photograph: Daniel Ochoa de Olza/AP

An apparent error by tax authorities has sparked a week of confusion and intrigue in Spain, culminating in Princess Cristina receiving an apology from(...)