Pedro Solbes

Gazprom seeks 20% of Spanish oil group, Repsol YPF

A row has broken out in Spain over a controversial offer from Russia's state-controlled Gazprom to become the major shareholder in the country's biggest oil company. The revelation that Gazprom had set its sights on Repsol YPF,...

Spain offers more credit to small businesses

MADRID (Reuters) - Spanish Economy Minister Pedro Solbes said on Thursday he would offer an additional 20 billion euros ($24.98 billion) in credit to smaller businesses in order to tide them over the economic slowdown.

Idle MPs chastised

Congress president, Jose Bono, yesterday issued a warning to the members of the house after repeated images were broadcast of masses of empt seats with barely any MPs present. The debate on the 2009 budget that took place...

Gazprom Seeks 20% of Spanish Oil Group

Russia's state controlled firm sets sights on Repsol YPF, one of the world's top 10 private oil companies A row has broken out in Spain over a controversial offer from Russia's state-controlled Gazprom to become the major...

Spain economy minister wants more ECB rate cuts

MADRID, Nov 11 (Reuters) - Spain's economy minister on Tuesday called for further interest rate cuts by the European Central Bank, which cut rates by 50 basis points last week. 'The way inflation is falling, there could be room...

Spain's Zapatero, banks analyse G-20 proposals

MADRID, Nov 10 (Reuters) - Spanish Prime Minister Jose Rodriguez Zapatero met on Monday with the country's leading bankers to discuss proposals for the G-20 summit in Washington, the prime minister's office said in a statement....

ECB's half point cut too little too late

The European Central Bank has cut interest rates by a half point to 3.25pc as policy-makers across Europe hit the stimulus button, but the actions have so far failed to reassure markets that authorities are moving fast enough...

Spain's morning after

After three decades of partying, Spain has woken up with a hangover. Curing it will require changes, writes Michael Reid (interviewed here)THE past few months have been bittersweet for Spain. In a general election in March the...

Spain says anti-crisis funds almost exhausted

MADRID, Nov 4 (Reuters) - Spain has almost no further room to spend more on special measures and boost the sharply slowing economy, Economy Minister Pedro Solbes said on Tuesday, a spokeswoman confirmed. 'We have practically...

Spain says it will guarantee 100bln euros in bank debt in 2009

MADRID (AFP) - The Spanish government will guarantee 100 billion euros (125 billion dollars) in inter-bank debt next year, the same amount as in 2008, economy secretary David Vegara said on Tuesday. "In 2008 it will be possible...