Spain
Bank of Spain to open 1 Jan for euro changeover
SPAIN - The Bank of Spain will open its 50 branches for a few hours on 1 January, a public holiday, so that people can change pesetas to euros, it has said.
€ Euro - Spaniards await manana
SPAIN - Only 42 per cent of businesses in Spain say they are ready for the euro, according to a survey by the Spanish chambers of commerce published yesterday.
ECB Issing - Euro undervalued deficit targets stay
SPAIN - European Central Bank Chief Economist Otmar Issing said Friday that the euro is undervalued and that he remains confident that the currency's value will rise in the future.
Bank of Spain criticised by anti-corruption office
SPAIN - The Spanish anti-corruption prosecution office has criticised the Bank of Spain for not helping it in the case affecting the private bank operation BBVA Privanza in the tax haven of Jersey.
ECB: Monetary conditions not hindering growth
SPAIN - Current monetary conditions in the euro zone aren't hindering growth, European Central Bank executive board member Eugenio Domingo Solans said Wednesday, echoing similar remarks made recently by other ECB Governing Council members.
Bank of Spain maintains confidence in the economy
SPAIN - Director of the Bank of Spain's research department, Jose Luis Malo de Molina said on 25 September that the US economy was sufficiently strong to resist the effect of the attacks and that any downturn would only be temporary.
ECB board members defend interest rate cut
SPAIN - European central bankers on 31 August said the ECB's decision to cut interest rates was based on receding inflationary pressures and rejected criticism the bank had waited too long to stimulate the Continent's flagging economy.
New notes pose problems for cash machines
SPAIN - Spain's Azkoyen, one of the world's leading cigarette and vending machine producers, is already cashing in on next January's launch of euro notes and coins.
World Bank cancels Barcelona conference
SPAIN - The World Bank has decided to suspend its Annual Bank Conference on Development Economics (ABCDE) in Europe, due to be held in Barcelona on June 25-27, to avoid protests from anti-capitalist groups that had stated their intention to disrupt the…
Caruana warns savings banks over shareholdings
SPAIN - the Bank of Spain governor Jaime Caruana on Apr 18 warned the annual assembly of savings banks that being stable shareholders in industrial companies, with influence on the management, could conflict with their status and objectives.
Spain's Caruana-eurozone inflationary risks remain
SPAIN - Bank of Spain Governor Jaime Caruana said Apr 4, 2001 that inflationary risks in the euro zone are easing but continue to exist.
Bank of Spain says economy slowed in Q4
Spanish economic growth, among the fastest in the euro zone, slowed to an estimated 3.9 percent year-on-year in the fourth quarter of 2000 from 4.1 percent in the third quarter, the Bank of Spain said on Feb. 2, 2001. Gross domestic prorduct (GDP) growth…
Spanish inflation sticks at 5-yr high in November
Spanish inflation rose to 4.1% annually in November, stuck around a near five-year high amid fears of a price-wage spiral and a civil sector protest over loss of purchasing power.
Bank of Spain's disclosure for settlement systems
The Spanish central bank has now published a revised version of the responses to the disclosure framework for the Spanish CADE (CENTRAL DE ANOTACIONES, formerly SACDE), November 2000.
Jaime Caruana forecast 2% inflation in 2001
Jaime Caruana, who replaced Luis Angel Rojo as Bank of Spain governor earlier this year, predicted that Spanish inflation would remain nears its 2% limit over the next year.