Archives for June 2011
June 16th, 2011
Secretary of State for Economic Affairs, José Manuel Campa, stressed that Spain is not in favour of any private sector involvement in the rescue of Greece that is not "strictly voluntary" and has said that clarifying this issue would help allay the fears and misgivings of the ratings agencies, who ...
Continue reading Spain Calls for Greek Rescue Involvement to be Voluntary
June 15th, 2011
The cyber hackers group Anonymous perpetrated revenge on Sunday against the recent arrests of its leaders in Spain. In the early hours of Sunday morning they attacked the website of the National Police leaving it inaccessible for several hours. The Anonymous cyber network claimed the attack on the website of the ...
Continue reading Spanish Police Website Under Cyber Attack
June 14th, 2011
The Catalan police have arrested a pair of thieves who devised an unusual method for stealing from travellers taking the bus from Girona airport to Barcelona: hiding in the luggage hold of the vehicle curled up inside a large suitcase. As reported by Europa Press last Monday, the Catalonia police said ...
Continue reading Spanish Police Arrest Thieving Contortionist
June 13th, 2011
In a letter addressed to the European Central Bank President Jean-Claude Trichet, and other European finance ministers, German Finance Minister, Wolfgang Schauble, said that Greek bond maturities should be extended seven years to allow the debt-stricken country time to reform its economy. In the letter, according to Cinco Dias, Schauble stresses ...
Continue reading Germany Calls for Seven Year Extension on Greek Debt
June 10th, 2011
National Police agents from the Border Post of Son Sant Joan have arrested a 47 year old employee of Palma de Mallorca Airport for stealing over a thousand luggage trolleys during the last two years, with a total value of 400,000 euros. As reported in a statement, the culprit was selling ...
Continue reading Airport Worker Detained for Stealing Luggage Trolleys
June 9th, 2011
The Government says it is not ruling out the extension of the maximum speed limit restriction of 110 km/hr on motorways and main roads beyond the June 30 deadline, the date the Government set to assess the validity of continuing with the measure. The Minister of Industry, Tourism and Trade, Miguel ...
Continue reading Spanish Government Considers Extending Speed Restriction
June 8th, 2011
Spain returns to the gold mines. Kinbauri mining company, a subsidiary of Canadian Orvana Minerals Corporation, has just resumed mining for gold at the Asturian sites of El Valle-Boinás (Belmonte de Miranda) and Carlos (Salas), both in the Narcea River Belt, which have been at a standstill since 2006 . Another ...
Continue reading Asturias Gold Mines Back in Production
June 7th, 2011
The reform of the Spanish pensions system, one of the major reforms undertaken during this economic crisis, is relatively unknown by most Spanish, according to a survey carried out by Spanish insurance group Mapfre. Four in 10 respondents admitted to not knowing any "precise aspects" of the new retirement plan, ...
Continue reading Four in 10 Spanish Unclear on New Pension System
June 6th, 2011
The President of the European Central Bank (ECB), Jean Claude Trichet, has proposed the creation of a Community Finance Minister to members of the European Union, and has proposed that the EU officials be given more authority over European countries straying "down the wrong path", including the right to veto ...
Continue reading Trichet Says EU Should Have More Control Over Member States
June 3rd, 2011
Loterías y Apuestas del Estados (LAE) Chairman, Aurelio Martinez announced the proposed privatisation at a conference in Madrid. The public company will begin trading in November and plans to privatise 30% of its capital hoping to raise up to €7.5 billion, the actual figure will depend on the final price set ...
Continue reading Loterías to Launch Biggest IPO in Spanish History
