Archives for January 2011
January 31st, 2011
In the space of a few days, two of Spain's saving banks have announced plans to list themselves on the stock market. La Caixa’s plan was approved on Thursday and is designed not only to meet Spain’s requirements but also to prepare the new bank for stringent capital adequacy requirements.
Continue reading Zapatero: Caja Reform Will Bring Economic Stability and Jobs
January 28th, 2011
In what could be the beginning of a change in Spanish law, a judge in Navarra has ruled that the proceeds gained from the sale of a property repossessed by a bank should be sufficient to clear the former owner's debt. Under current Spanish law, mortgage lenders have the right to ...
Continue reading Court Rules “Repossessed Property Covers Excess Mortgage Debt”
January 28th, 2011
Fernando Alonso and Felipe Massa unvieled Ferrari's new car for the F1 2011 season, the "F150" was launched at the Italian team's headquarters in Maranello ahead of next week's pre-season testing in Spain. Alonso narrowly missed out on becoming world champion in 2010 and will hoping the the new car,
Continue reading Fernando Alonso Launches Ferrari’s New F1 Car
January 27th, 2011
Around 500 bar, restaurant and hotel owners in northern Spain closed their premises yesterday to protest against Spain's new anti-smoking law, which they argure is ruining businesses. In the first protest to take placer since the ban was introduced on January 2, owners took to the streets in the town of ...
Continue reading Bar and Hotel Owners Close Doors in Smoking Law Protest
January 27th, 2011
Spain's government and unions have said they are close to an agreement on pension reform, a move that will avert a second general strike in less than six months. In separate statements, the government said a preliminary agreement had been reached, while Comisiones Obreras, Spain's biggest union, said an
Continue reading Pension Age in Spain Will Rise to 67
January 26th, 2011
Film director Alex de la Iglesia said that he will resign as the president of the Spanish Film Academy in protest over a proposed new law against illegal Internet downloads he feels is inadequate. The 45-year-old, who is behind the 2008 English-language whodunit "The Oxford Murders", said he will step down ...
Continue reading Spanish Film Academy President Will Quit Over Download Law
January 26th, 2011
CatalunyaCaixa, one of the weakest of Spain's savings banks, has revealed that it holds 12.8 billion euros in outstanding loans with real estate developers, as well as foreclosed properties worth 3.73 billion. CatalunyaCaixa announcements is part of a complete disclosure by the "Cajas," who have been
Continue reading Cajas Begin to Announce Outstanding Debt
January 25th, 2011
A hotel in Madrid, called “Save the Beach hotel” and designed by a German artist, has been made out of 12 tons of rubbish found littering Europe's beaches to raise awareness of the destruction of coastlines and seas around the world. "The world is a hotel and so as a parable, ...
Continue reading “Rubbish Hotel” in Madrid Highlights Coastline Destruction
January 25th, 2011
Spain is beating its own deficit-reduction targets in the clearest sign to date that its reform efforts are paying off, the government said today. According to advance data from the finance ministry, the central government's 2010 budget deficit was equal to 5.1% of gross domestic product, ahead of its 5.9% target, ...
Continue reading Spanish Reform Measures Beating Targets
January 24th, 2011
A British couple have been given an eight month suspended sentence and ordered to demolish their Spanish villa for breaching planning regulations. David and Janet Hartshorn illegally built a large house on protected land near the Costa del Sol town of Torrox, a judge ruled.
Continue reading Couple Sentenced and Ordered to Demolish Villa in Torrox
