Archives for March 2011
March 14th, 2011
It has remained a tantalising mystery for thousands of years, but now a U.S. led research team believes it has found the legendary lost city of Atlantis. Scientists claim to have pinpointed the exact location of the metropolis under mud flats in southern Spain. The team of archaeologists and geologists are convinced ...
Continue reading Lost City of Atlantis Found Near Cadiz
March 11th, 2011
A recently reported theft at the Cistercian convent of Santa Lucía, in Zaragoza province, is beginning to turn into something of a mystery tale. Investigators found that a group of cloistered nuns had 1.5 million euros in cash stashed away in plastic bags and reported it stolen. However, the sisters have now ...
Continue reading Mystery Surrounds 1.5m in Cash Allegedly Stolen from Convent
March 10th, 2011
The Spanish government are incensed by a credit rating downgrade by Moody's that cited worries over the cost of the banking sector's restructuring. Moody's said it would require €50bn and not the €20bn predicted by the government. The announcement came just hours before the Bank of Spain officially estimated the requirement ...
Continue reading Moody’s Downgrades Spain Just Hours Before Bank Results Revealed
March 9th, 2011
UPDATE: Air Traffic Strikes Now Cancelled Three months after a wildcat strike launched by air traffic controllers brought Spain's airspace to a standstill - and led the government to declare a state of alert - the country's main unions have informed the Labour Ministry that a further 22 days of strike ...
Continue reading Spanish Air Traffic Strike Dates Announced
March 8th, 2011
Home sales have risen for the first time in four years in Spain, although the main drivers of the increase were one-off factors. The Public Works Ministry said yesterday that property sales in 2010 were up 5.9 percent to 491,000 units. In the fourth quarter alone, purchases were up 14.2 percent ...
Continue reading Home Sales Rise Again in Spain
March 7th, 2011
A small town in northern Spain has decided to reintroduce the old Spanish currency - the peseta - alongside the euro to give the local economy a lift. Shopkeepers in Mugardos want anyone with forgotten stashes of the old cash at home to come and spend it. It is nine years since ...
Continue reading Peseta’s Reintroduced as Legal Tender in Shops
March 7th, 2011
After being formalised on Friday by the government, Spanish drivers have begun keeping their speed to below 110 km per hour (68mph) on motorways due to a cut in the speed limit - a key measure in moves to lower Spain's energy bill. The controversial 10 km/hr change to the speed ...
Continue reading The Big Slow Down in Spain
March 4th, 2011
Mari Carmen Garcia set fire to the man found guilty of raping her youngest daughter in 1998 when she was 13 years old. The man, identified only as Antonio C.V, had been sentenced to nine years for the crime but was on day release from prison in June 2005 when he ...
Continue reading Mother Set Free After Killing Daughter’s Rapist
March 4th, 2011
Spain’s antitrust office has fined Procter & Gamble €12 million, saying the company and its predecessor conspired with competitors for two decades to set prices for hair care products. Spain’s National Competition Commission said P&G (and its precursor company in Spain, Wella) and other companies formed what it called a cartel ...
Continue reading Spanish Anti-Trust Office Slams Beauty Firm Price Fixing
March 3rd, 2011
Legendary football club Real Madrid has signed a deal to promote Spain and Madrid as tourist destinations. The deal means that the club’s star players such as Cristiano Ronaldo will act as “brand ambassadors” for both the Spanish capital and the country as a whole through the “Visit Spain, Visit Madrid” ...
Continue reading Real Madrid to Promote Spanish Tourism
