European Union has given approval to BFA-Bankia SA (BKIA) and three other banks of Spain for bailout from government.

The approval has led the banks to receive recapitalizations in the coming month. Balance sheets of Bankia, Novagalicia Banco and Catalunya Banc will be declined by over 60% by the year of 2017 as compared to that in 2010.

Worsening economic conditions are severely affecting Spain and so are the officials worried to see an increase in the jobless rate till the next year.

Government in Spain has decided to privatize healthcare services since the financial crisis is getting deepened with time. But, Spanish doctors as well as staff of public hospital are not in favour and have therefore planned to protest against the same, a recent report has uncovered.

Since three years, euro zone's debt crisis is ongoing but Germany's recent hint of Greek debt relief has somewhat raised euro hopes.

The hint-in-talks came from the announcements of Finance Minister that he made last week behind closed doors hinting about tantalizingly at a potential breakthrough.

King Juan Carlos of Spain underwent a hip replacement surgery on his left hip on Friday this week. Prior to that, the king had two surgeries on the other hip, since he had problems with it after he had fallen badly during hunting expedition of African elephants. The 90-minutes operation successfully replaced king's hip, as per the reports.

It is becoming really difficult for many to understand as why is ECB acting overly generous with loans to Spanish banks. Does their rules allow them same? If no, why is the central bank acting the way? These are some questions to which many people and authorities are seeking the answers but unable to find one.

Germany is well prepared to face either World Cup winner Spain or the officially No, 2 team the Netherlands, Germany’s coach Joachim Loew said.

With an ideal record of ten wins, Germany has already breezed through the Euro 2012 qualifying campaign. Formation of the groups for Euro 2012 finals is scheduled for December 2 in Kiev.

The prevailing debt crisis in the Eurozone has left many nations troubled and in despair. According to recent reports, it has been revealed that Germany is witnessing shortage in the workforce and is now looking at Spain for possible help.