Spain Downgrade
latest news & developments
Spain slashes spending in bid to head off bailout
Spain has crept closer to a bailout as the government leaked plans to cut pension spending.
Spain deadline extended to reach budget goal
Europe will grant Spain an extra year to reach its deficit targets after it outlines further budget savings to finance ministers meeting in Brussels.
Spain downgrade weighs down eurozone leaders
A double-notch downgrade of Spain’s credit rating has piled pressure on Europe’s leaders to make progress on solving the region’s debt crisis.