Europe crisis: Spanish companies scramble to issue debt

MADRID: Spanish firms are dashing into the bond market, taking advantage of a fall in interest rates after the European Central Bank pledged action to reduce the country's financing costs, and eager to move quickly in case the situation deteriorates again.

Spanish firms cut prices, halt dividends to face downturn

Telefonica suspends dividend payments, Mango cuts prices and Santander boosts its debt provisions: Spanish companies are stepping up measures against an economic crisis that has no end in sight.