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Latest Spain News

Spainish police foil zeppelin jailbreak
MADRID: Spanish police said on Friday they had foiled an Italian drug trafficker's plan to break out of jail in the Canary Islands using climbing equipment and a four-metre-long zeppelin. 'The plan consisted of using a remotely controlled zeppelin to

Venezuela assumes control of bank
By Will Grant BBC News, Caracas Nationalisation is a major policy of Hugo Chavez Venezuela has taken formal control of its third largest bank, the previously Spanish-owned Banco de Venezuela. The first instalment of a $630m (387m) price tag was made amid

Venezuela Nationalizes Country's Third Largest Bank
The Venezuelan government took control of the country's third-largest bank on Friday amid a wave of nationalizations led by President Hugo Chavez. The purchase of Spanish-owned Banco de Venezuela allows Mr. Chavez to tighten the government's grip on the

Venezuela pays US$1.05b to assume control of Spanish-owned bank
CARACAS: President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. The purchase of the Spanish-owned Banco de Venezuela gives Chavez's government

Spain prepares for A/H1N1 flu epidemic
MADRID, July 3 (Xinhua) -- The Spanish government is readying itself for an epidemic of the A/H1N1 flu virus by preparing enough vaccine to protect 40 percent of the population. Minister of Health and Social Security Trinidad Jimenez announced on Friday

Spain prepares for A/H1N1 flu epidemic,
The Spanish government is readying itself for an epidemic of the A/H1N1 flu virus by preparing enough vaccine to protect 40 percent of the population. Minister of Health and Social Security Trinidad Jimenez announced on Friday that the country has

Spain police foil radio control zeppelin jailbreak (Reuters)
Reuters - Spanish police said on Friday they had foiled an Italian drug trafficker's plan to break out of jail in the Canary Islands using climbing equipment and a four-metre-long zeppelin.

Brazil star Fabiano set to join AC Milan
The player has publicly stated he wants to join Milan, now it is up to the two clubs to strike a deal. Fabianoâ??s manager Jose Fuentes Brazil striker Luis Fabiano is set to join Italian giants AC Milan, replacing Real Madrid-bound compatriot Kaka

Venezuela takes control of Spanish-owned Banco de Venezuela in nationalization
CARACAS, Venezuela - President Hugo Chavez's government has taken control of the country's third largest bank - Banco de Venezuela. The government agreed in May to pay Spain's Grupo Santander more than US$1 billion for the nationalization announced last

Venezuela assumes control of Spanish-owned bank
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system. The purchase of the Spanish-owned Banco de Venezuela gives Chavez's government control

Country Information

Spains powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World Wars I and II, but suffered through a devastating Civil War (1936-39). In the second half of the 20th century, it has played a catch-up role in the western international community. Continuing concerns are large-scale unemployment and the Basque separatist movement.

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