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Posts Tagged ‘spain’

Standard & Poor’s swept the debt-ridden European continent with punishing credit downgrades Friday, stripping France of its coveted AAA status and dropping Italy even lower. Germany retained its top-notch rating, but Portugal’s debt was consigned to junk.

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AP – Ratings agency Standard & Poor’s dealt a setback Friday to Europe’s ability to fight off a worsening debt crisis by downgrading the government debt of France, Italy, Spain and Austria. But it kept Germany’s at the coveted AAA level.

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A bull brutally gored a matador in Spain on Friday, tearing through the man’s jaw and pushing out his eyeball as spectators watched in horror.

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AP – When the pope arrives in Spain on Thursday it’s not just sweltering heat he’ll be stepping into. The economy’s in a shambles. Jobless youths are filled with rage and frustration. Politicians are gearing up for early elections that will be dominated by these hard times.

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AP – The leaders of Germany and France are welcoming plans by Italy and Spain to cut their budget deficits and improve their competitiveness, and are urging “complete and speedy” implementation.

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AP – Two earthquakes struck southeast Spain in quick succession Wednesday, killing at least 10 people, injuring dozens and causing major damage to buildings, officials said. It was the highest quake-related death toll in Spain in more than 50 years.

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AP – Spain’s government has declared an unprecedented “state of alarm” over an air traffic controllers strike that has largely closed the country’s air space.

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