Following a legal battle over if 70-year-old Chief Executive Alfredo Saenz should be barred from banking as a result of a criminal conviction, Saenz has resigned from his position. The announcement regarding the same was made on Monday by the euro zone's largest bank, Spain's Santander.

New proceedings were opened a month back by the Bank of Spain. The aim was to decide what would be the future of Saenz. Since, a law was passed by the government, with the help of which, he could retain his post.

In the wake of revelations of certain figures of Spain's employment by its media, a conference has been planned to be organized. Conference would be held in Granada, Spain. Economic affairs of the European Union countries will be covered in the meeting.

Taoiseach Enda Kenny is expected to give speech in the economic conference. He will give a keynote on Rebuilding Europe: How should, how can the EU move on after the crisis. He is expected to fly from Lisbon to meet Portuguese Prime Minister Pedro Passos Coelho.

A recent revelation has thrown light on the fact that Dutch citizen, who was arrested in northeast Spain for launching a cyber attack, was operating from a bunker. He has been accused of striking Swiss-British anti-spam watchdog group Spamhaus.

The Netherlands National Prosecution Office has charged him of unprecedented attacks on this non-profit organization.

Investigation says that the person has been responsible for the greatest cyber attack in the history of Internet. He was operating from a van that had the potential of hacking into any network across the globe.

As per recent reports, it has been revealed that the US marines have started travelling to Spain. There are a number of US marines, who will be travelling to Spain after getting nod from the government to do so.

It has been said that the new 500-base marines will have to temporarily stay in Spain. They will be then trained to face threat taking place in northern Africa, where tensions are present since the attack has taken place at America's facility in Libya.

According to recent reports, Spanish unemployment has hit a record high of 27.2% in the first quarter of 2013. This has happened five years after the housing boom turned to bust.

During the boom, unemployment was comparatively high due to persistent structural problems. 9.2% of the total workforce has not had job in past two years, 15.3% hasn't in past year while 19.5% in last six months.

As per recent news, a 25-year-old man accused of unprecedented cyber attack that occurred last month has been arrested by in Barcelona.

The cyber attack was biggest ever in the history and led to global slowdown of internet and the culprit for the same has been caught by the Spanish Police. He is identified as SK as of now and his place of staying has also been searched.

As per recent reports, it has been revealed that Pescanova, a Spanish fishing company, is facing a lot of troubles. It has been found that the company, which farms, catches and processes fishes, is under debt.

Initially, it was told that the company has been facing debts of 1.5 billion euros. But people sources known to the matter were of the view that the debts are more likely to be double than the quoted amount.