'Poor' Spain sees 24% surge in millionaires

There are now 465,000 US dollar millionaires in Spain, 24 per cent more than a year ago, a financial services giant Credit Suisse reveals in a new report which highlights the unequal impact of the country's crisis.

Catalunya calls off public consultation on independence

CATALUNYA'S regional president Artur Mas has decided not to go ahead with the 'public consultation', or non-binding referendum on November 9.

IMF: Spain will head 2015 EU growth

Spain, a country with a 25% unemployment rate, public debt levels of nearly 100% of GDP and no alternative to construction as an engine of growth, has managed to become the only European economy with improved prospects for 2015, according to the International Monetary Fund (IMF).

The IMF Annual Assembly kicked off in Washington on Tuesday with mostly bad news: the global economy will grow by 3.8% next year, down from its July forecast of 4%.

But Spain’s economy will grow 1.3% this year and 1.7% in 2015, representing a gain of one tenth of a percentage point from July forecasts in both cases.