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By Tammy Bruce
Only IRS employees could expect rewards for failing to pay their taxes
Topic - spanish government
Spain insisted Wednesday it will continue to push for European financial aid to be delivered directly to its troubled banks, rather than count as government debt, warning that these were crucial moments for the euro currency union.
Spain's borrowing costs broke through another record Thursday after a credit ratings agency downgraded the country's ability to pay down its debt amid rising fears a bank bailout may not be enough to save the country from economic chaos.
Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain's hurting banks morphed into a financial markets rout in a matter of hours Monday, as investors digested the still-undefined plan and became concerned the country may be unable to repay the new loans.
Europe is to offer Spain a bailout package of up to €100 billion ($125 billion) to help rescue the country's banks and keep the 17-country eurozone from breaking apart.
Spain is under rising pressure to find a lifeline for its deeply troubled banks.
Spain's prime minister appealed Tuesday for European leaders to push toward greater fiscal unity -- a step that would allow its troubled banks to get direct financial help -- while a top government official warned that the country's high borrowing costs meant it faced increasing trouble accessing credit markets.
Spain's prime minister appealed Tuesday for European leaders to push toward greater fiscal unity — a step that would allow its troubled banks to get direct financial help — while a top government official warned that the country's high borrowing costs meant it faced increasing trouble accessing credit markets.
MADRID | The interest rate on Spanish government bonds rose sharply on Monday, a sign that investors are becoming more worried about the country's ability to afford mounting debts as its economy shrinks.
The Spanish government says it has granted citizenship to singer Ricky Martin and actor Benicio del Toro.
Basque separatists launched a new political party they say rejects violence by the armed group ETA. The unprecedented step Monday was designed to move the troubled region toward peace.
Spain placed striking air traffic controllers under military authority Saturday and threatened them with jail terms in an unprecedented emergency order to get planes back in the skies and clear chaotic airports clogged with irate travelers.
TAMPA, Fla. (AP) — Florida deep-sea explorers have gone on the offensive in a legal dispute with the Spanish government over a treasure-laden shipwreck, asking a federal judge to protect the secret locations of possible wreck sites and demanding damages for the nation's "appalling" interference with its operations.