Spain posts budget surplus for third year in a row
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Spain posted a budget surplus for a third consecutive year, topping 2.0 percent of gross domestic product for 2007, Prime Minister Jose Luis Rodriguez Zapatero said Saturday.
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The European Commission on Wednesday ordered Spain's troubled state-owned shipbuilder Izar to repay &#36;702 million in government assistance.
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In one of its gloomiest forecasts yet, the Independent Budget Office projected a $3.1 billion budget deficit in the 2009 fiscal year, rising to $4.6 billion in 2010 and $6.3 billion in 2011.
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Brazilian government released federal budget figures Friday showing an unprecedented primary budget surplus of 10.9 billion reals (&#36;3.8 billion) in August, putting Brazil well ahead of performance targets set in a loan agreement with the International Monetary Fund.
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Spain's economy expanded by 3.8 percent last year, after growing 3.9 percent in 2006, according to an estimate by the country's central bank published Wednesday in its monthly bulletin.
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Japan's current account surplus expanded 9.3 percent in September from a year earlier, for its 15th consecutive month of growth, the government said Wednesday.
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Scotland's local authorities are to learn details of their budgets for the next three years.
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Spain&#39;s ruling Socialists and the  conservative opposition held their ground on Sunday in regional  polls that test the waters before a general election next year.
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BRUXELLES - Il rapporto deficit/pil nel 2004 e nel 2005 sarÃ  del 3% tondo tondo. E&#39; questa la nuova previsione della Commissione europea. Ieri a Lussemburgo il commissario Ue Joaquin Almunia aveva affermato
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Spaniards vote Sunday in regional and municipal polls representing the Socialist government&#39;s final major test ahead of general elections expected early next year.
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The assets of three registered NI companies and others in England and Spain worth more than Â£300,000 are frozen.
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President Gloria Arroyo acknowledged for the first time Monday that the Philippines was now in a &quot;fiscal crisis&quot;, as economists warned of an Argentinian-type debt default within the next three years.
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A Franco-Spanish narcotics operation has netted a shipment of three tonnes of cocaine worth an estimated 200 million euros (250 million dollars), French police have said.
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Spain has seen a sharp rise in its immigrant population, official figures show.
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The Spanish government sparked a furious row yesterday after it emerged that it had drawn up a timetable to halve state funding of the Roman Catholic Church and to ban crucifixes from public buildings.
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The broadest measure of the country&#39;s trade and investment flows registered a record deficit of $164.7 billion in the third quarter, the Commerce Department said Thursday.
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From correspondents in Madrid, Spain, 01:33 PM IST Spanish authorities have arrested three additional suspects of the Al Qaeda-linked terrorist attacks in Madrid three years ago.Comment