Inside these posts: Spain

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Spain OKs new austerity measures to calm markets

Spain's Finance Minister Elena Salgado speaks on the country's new austerity measures. (AP/Victor Caivano)

The Spanish government has approved a package of new austerity measures and economic stimulus that it hopes will ease investor fears about its debt.

The moves include selling off nearly third of its national lottery, partially privatizing airports, cutting a jobless benefit and trimming taxes for small companies.

The measures were agreed to at a weekly cabinet meeting Friday. Get the full story »

Stress tests: Focus is on banks that barely passed

So few banks failed Europe’s long-awaited stress tests on Friday that investors will likely focus instead on the dozen or so banks that just scraped through when the markets reopen next week. Get the full story »

EU chief calls for 70 as retirement age

The European Union’s executive says Europeans should not retire before 70 to save cash-strapped state pension funds.

In a paper to be published Wednesday, the European Commission says four workers’ contributions to state pensions help support two retirees. Get the full story »