Latest Spain News
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Spanish banks face up to 10 billion euros in extra provisions - Economy Minister
SANTANDER, Spain (Reuters) - Spain's Economy Minister Luis de Guindos said on Tuesday that Spanish banks would face extra provisions against loan losses of up to 10 billion euros (8.53 billion pounds) over the next two years to meet new rules on loan refinancings. The provisions would leave banks with a capital shortfall of about 2 billion euros, based on estimates from the Bank of Spain, ...
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Spains Shameless Secret Revealed
Get ready to compose yourself. Spaniards should stop reading here for their shameful secret is out. Spain inspires non-Spaniards to get their plectrums out and to do even better than the homegrown talent. They do say imitation is the sincerest form of ...
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30000 university students are on the edge of being expelled for not paying their fees.
It's a particularly difficult time for students with cuts in grants being made and with the cost of university education going ...
More Spain News
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Sports Arsenal are favourites to sign Real Madrid striker Gonzalo
The Italian champions have been in negotiations with Real over a deal for Higuain but are so far refusing to increase their bid of ?18.7million for the 25-year-old. Real are understood to be demanding at least ?25.5m and although president Florentino Perez was quoted last week claiming that Juve?s offer would be insufficient, sources remain adamant a deal could be done at around that price. The ...
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Families occupy unfinished homes in Spain
The washbasin in Juana Alonso's bathroom is brand new, but no water comes out of the tap. No bulbs hang from the light fittings. The house is unfinished; no one was meant to be moving in -- but Juana couldn't wait. Along with dozens of neighbours, desperate victims of Spain's recession brought ...
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A luxury yacht has broken the underwater telephone cable with which Formentera communicates.
A luxury yacht has broken the underwater telephone cable with which Formentera communicates. The yacht was said to be of grand dimensions and it's keel sliced through a fibre-optic cable plunging 2,600 internet connection into darkness. Telefonica has established emergency radio-link coverage with the authorities, and the data route should be back again in 48 ...
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Spains nationalised lenders drawing buyer interest - Econ Min
SANTANDER, Spain June 18 | Tue Jun 18, 2013 5:48am EDT SANTANDER, Spain June 18 (Reuters) - Spain's Economy Minister Luis de Guindos said on Tuesday that some of the country's nationalised lenders, taken over in the wake of a property crash, were beginning to attract interest from potential buyers. Along with the country's biggest state-owned bank, Bankia , Spain's ...
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Spain beats target at bill auction yields jump
MADRID (Reuters) - Spain beat the top end of its targeted amount at a short-term debt auction on Tuesday, though financing costs jumped from previous record lows on investor concerns over global liquidity.The Treasury sold 5.04 billion euros ($6.73 billion) of 6- and 12-month bills compared to target range of 4 billion to 5 billion euros.The 6-month bill sold 1.09 billion euros at an average ...
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Liverpools Luis Suarez still dreams of playing for Real Madrid
the striker once again spoke of his desire to play for the Spanish Primera Liga giants . "I will give my soul every time I step on the pitch," Suarez ...
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Spain Meets Upper Goal at Bill Sale Borrowing Costs Rise
Spain met its upper goal at a bill sale even as its borrowing costs rose ahead of the start of the U.S. Federal Reserve's two-day meeting to review monetary policy. The Madrid-based Treasury sold 5.04 billion euros ($6.74 billion) of bills, compared with an upper target of 5 billion euros. It sold six-month bills at an average 0.821 percent today, up from 0.492 percent on May 14. It ...
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Spain April bad loan ratio rises to 10.9 pct - Bank of Spain
MADRID, June 18 | Tue Jun 18, 2013 4:08am EDT MADRID, June 18 (Reuters) - Spanish banks' bad loans as a percentage of total credit rose to 10.9 percent in April from 10.5 percent in March, Bank of Spain data showed on Tuesday. The increase came after drops at the end of last year and beginning of 2013 as lenders transferred toxic property assets to Spain's so-called bad ...
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Todays Spanish Papers Review - Tuesday June 18 2013
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A Hospital in Murcia has had to cancel operations because of the rubbish in the corridors.
A Hospital in Murcia has had to cancel operations because of the rubbish in the corridors. The management at the Virgen de la Arrixaca Hospital took the decision to suspend all planned operations for today because of the 'intentioned accumulation of rubbish in the area of the operating theatres'. The workers in the cleaning company, Valoriza, have gone on strike. Reports say ...
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A man has been devoured by his two pitbull terriers after dying in his home in El Molar Madrid.
A man has been devoured by his two pitbull terriers after dying in his home in El Molar, Madrid. The dead body had been lying there for three days. A woman named Almudena found the body of her boyfriend, 34 year old ngel Javier C.M. on the bed in his room partially devoured by the dogs. Police said there was no sign of any crime at the scene and an autopsy carried out on Sunday showed ...
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Hacienda now unsure about the property allegedly sold by the Infanta Cristina
Quite how is it possible that Hacienda says one day that the Infanta Cristina has sold fincas and land worth 1.43 million EUR, and sends a report to that effect to the judge investigating the Nos Case. The Infanta denied the accusations last Friday, and then late on Monday night the Minister for Hacienda, Cristbal Montoro, said for his part he hadn't seen the report, but he thought ...
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Sweden return excites Spains Ainhoa
Explaining that being among the top teams in Europe is like "a prize," goalkeeper Ainhoa insisted thatSpain were going to Sweden determined to compete with the ...
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Spanish Liga trio circle for Barcelona winger Deulofeu
Spanish Liga clubs are chasing Barcelona winger Gerard Deulofeu.Valencia, Sevilla and Real Sociedad are all keen to take Deulofeu off Barca hands this summer.The midfielder, unhappy with Neymar's arrival, is keen to move for regular first team football.For all the latest football news go ...
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Why Spain’s tiki taka is very much alive and kicking
Spain's domination of Uruguay in their opening Confederations Cup match suggested that reports of tiki taka's demise are premature, regardless of what happened in the Champions League this season.First half goals from Pedro and Roberto Soldado put Spain in complete control and the final 2-1 scoreline, after Luis Suarez pulled one back with a stunning free kick in the 88th minute, ...
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Spains finance minister says Spain close to overcoming crisis
The Spanish Minister of Finance Cristobal Montoro said that Spain is close to overcoming the economic crisis the country is suffering since 2008, local media reported on Monday.Montoro made this statement at the opening of the courses organized by the Association of Journalists of Economic Information (Apie) and the University Menendez Pelayo in Madrid.Montoro pointed out that the state revenue ...
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Spanish Moss rail-trail group seeks $200K from Beaufort County
Left to right, Harold, Erin, Ericka, and Tayla Rivers walk and ride along the Spanish Moss Trail towards Allison Road Monday night in ...
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Spanish Q1 public debt up to USD1.228tr 88.2 of GDP
(MENAFN) The Bank of Spain released data showing that Spanish public debt rose to a record USD1.228 trillion, which is 88.2 percent of gross domestic product (GDP) in the first quarter of this year, reported Xinhua News. The data also showed that Spanish public debt climbed 4.4 percent compared to ...
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Soldado Spain must find goal-den touch
/enpproperty--> With one-time golden boy Fernando Torres benched it was left to a less-heralded Spanish striker, Roberto Soldado, to show that the world champions still know where the net is. It was his goal that cemented a 2-1 Confederations Cup win over Uruguay on Sunday. Spain's possession-based "tiki-taka" style is designed to frustrate the best of opponents: you ...
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Evgeny Donskoy rallies over John Isner in the Netherlands
John Isner Monday in first-round play of the grass-court Topshelf Open. Donskoy rallied after dropping the first set to bounce the 6-foot-9 Isner 6-7 (3-7), 6-3, 6-4 at Autotron Rosmalen in the Netherlands. Joining Isner in the ranks of Day 2 upset victims at the Wimbledon tune-up were No. ...
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Morata Carvajal and Nacho play the final of the European U21 Championship today with Spain
Spain Under-21s are on the verge of clinching the European Championship that is being held in Israel. After winning all three matches in the group phase and defeating Norway in the semi-final, the team will now face Italy (18:00, Cuartro) and are looking to regain the title that they won two years ago and to be crowned champions for the fourth time . Real Madrid’s Morata, Carvajal and ...
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Spains public deficit to April around 2.17 percent of GDP
MADRID (Reuters) - Spain's public deficit, excluding the accounts of local governments, was in the first four months of 2013 on track to meet end-of-year targets, according to Reuters' calculations using Treasury Ministry data published on Monday. The public deficit to April, excluding the ...
Spain Feature
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Spain drags its feet on cloud computing
Cloud computing, a new computing model seen by many as a major advancement in information technology, has been catching on in many developed parts of the world due to the significant benefits the new system offers, but in Spain, where experts say it may be most useful, it has failed to find a home.
Spain is traditionally known as a country that does not like to take risks and likes to maintain the status quo, for this reason other new technologies such as 3-D televisions and the like have not caught on either. But, whereas 3-D TV is a service that is marketed as enhancing one’s viewing pleasure and therefore costs more, cloud computing is a new service that offers real-world savings financially. Read more
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