Spain recession

Spain to Offer Residency to Foreigners Who Buy Homes There

Looking for a new place to call home? Spain wants to welcome you with a bit more than a basket of baked goods. In an attempt to reduce the country's vast stock of unsold homes, the government is set to offer permanent residency to any foreigner who buys a house or apartment worth more than $200,000.

Recession in Spain Breeds Pessimism in Global Markets

Markets dipped Monday after official data confirmed that Spain is back in its second recession in three years. Investors had initially bid up stocks on hopes that the Fed would provide more stimulus to the U.S. economy.