MADRID, Aug. 5 (UPI) -- Analysts have issued dire warnings about the state of banks in Spain, as many economic sectors have deteriorated, sources said.

Syria, Iran to boost electric cooperation; Spain accepts EU ruling on German energy takeover bid; Gazprom increases gas exports 26 percent in January

MADRID, March 31 (UPI) -- Spain must cut back on public spending to reduce the deficit and curb inflation, Economic Minister Pedro Solbes said Friday.

BRUSSELS, April 8 (UPI) -- Italy has been strongly urged by the European Union to shore up its rapidly deteriorating public finances with an "immediate change of policy."

LUXEMBOURG, Sept. 26 (UPI) -- The European Commission president is in damage control mode in the midst of a scandal involving millions of missing euros, a report said Friday.

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BRUSSELS, Dec. 4 (UPI) -- With exactly four weeks to go to the launch of the European Union's new single currency, the euro, is on track and will not be delayed, according to the monetar

Here is a look at some of Tuesday's top business stories:

BRUSSELS, Nov. 6 (UPI) -- European markets are speculating that euro-zone interest rates will be cut Thursday after statements that followed a euro-group meeting in Brussels Monday night