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Rajoy Presents His Recipes for Cuts in Spanish Public Sector
Madrid, June 19 (Prensa Latina) President of the Spanish Government, Mariano Rajoy, set out today some of the more than 200 measures he intends to implement to eliminate duplication in the provision of services between the state and the 17 autonomous communities. In an appearance with no further questions, Rajoy presented today at the Moncloa Palace (seat of power) the public administration ...
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IMF calls for urgent measures on Spanish unemployment
MADRID--Spain faces the prospect of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27-percent unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said ...
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Spain-Tahiti Preview La Roja seeking big win over Pacific islanders
Spain are expected to make wholesale changes to the team that beat Uruguay 2-1 on Sunday, with Victor Valdes, Fernando Torres and David Villa all in line for starts.Defender Cesar Azpilicueta could win his third cap for the senior side, while the likes of David Silva and Jesus Navas are also set to make their first appearances of the tournament.Tahiti have no new injury concerns after Nicolas ...
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Last seeds Stanislas Wawrinka Jeremy Chardy move on in Netherlands
Jeremy Chardy each won Wednesday, advancing to the Topshelf Open quarterfinals. Second-seeded Wawrinka moved on with a 6-3, 7-6 (10-8) win over Italian Paolo Lorenzi. He'll next face Chardy, who bested Romanian wild card Marius Copil, 7-5, 6-4 to gain the quarterfinals at Autotron Rosmalen. Their meeting will ensure only one seeded player will make it through to the final four at the ...
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Tahiti with it all to do against Spain
Spain impressed with a dominant 2-1 victory over Uruguay in their Brazil 2013 opener, which eases the pressure slightly ahead of their second group game. And with one eye on the rest of the tournament, coach Vicente Del Bosque may choose to rest his preferred starting XI. But with the likes of Santi Cazorla, Fernando ...
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Spanish Springs project sent back to the drawing board
an eight-hour hearing late Tuesday, the Pismo Beach City Council sent a massive project proposed in Price Canyon back to staff with questions and direction that will delay its consideration of any development in that area for months.Instead of approving agreements that would push ahead the controversial Spanish Springs project, the council decided it wanted the developer to work with one of his ...
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2013 Confederations Cup Why is Spain so Boring
COMMENTARY | Why is the best team in the world considered boring? The current crop of Spanish footballers are making a strong case for being the greatest team of all time, but it is hard to deny that watching Spain endlessly pass the ball in the midfield and defense can be rather dull for the neutrals. So, why is Spain so boring? Two primary factors contribute to Spain's consistently ...
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IMF praises Spain Ireland reforms but warns of risks
By Julien Toyer and Sam CageMADRID/DUBLIN (Reuters) - Spain and Ireland have made strong progress in fixing their economies but recovery will hinge on their capacity to clean up ailing lenders, create jobs and maintain investor confidence, the IMF said on Wednesday.Both countries were forced to seek international financial support after a decade-long boom fuelled by cheap credit ended abruptly ...
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Confederations Cup Stage is set for David and Goliath match between Spain and Tahiti at Maracana
Such is the size of tiny Tahiti that were the Estadio Maracana still capable of holding 200,000 spectators, as it was in 1950, it could comfortably accommodate the entire population of the French Polynesian island and still have space for another 20,000 people. Located in the centre of the South Pacific, five hours from Auckland, eight hours from Los Angeles, 10 hours from Santiago and 12 hours ...
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Spains La Caixa puts off big property portfolio sale -sources
By Sarah White MADRID, June 19 | Wed Jun 19, 2013 1:39pm EDT MADRID, June 19 (Reuters) - Spain's La Caixa has postponed the planned sale of a portfolio of 12,000 homes, two sources familiar with the deal said, in a sign Spanish banks are still reluctant to cut prices on property assets even after big writedowns. The Caixa sale fell down on price, the sources said. The bank had hoped ...
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Mercedes and Pirelli ready for FIA tribunal over tests in Barcelona
Formula One world championship when they appear before a 12-man FIA International tribunal in Paris on Thursday morning.Such an outcome could lead to them quitting the sport for good. But even if Mercedes are found guilty of contravening the FIA's ban on in-season testing using a current car, they are more likely to face a lesser punishment, such as a fine, a race ban or a points deduction. ...
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IMF warns Spain on unemployment
The International Monetary Fund is warning that Spain risks high joblessness and sluggish growth for years unless its takes ';urgent action';. In its annual assessment of the Spanish economy, ...
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Sports Thiago hat-trick leads Spain to lift U-21 title
Italy 's unusually hesitant defence as Barcelona's Thiago scored with an easy header in the sixth minute, a close-range drive in the 31st and a penalty in the ...
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IMF Demands Spain to Tighten its Ruthless Labor Reform
Madrid, Jun 19 (Prensa Latina) The International Monetary Fund (IMF) today called the conservative Spanish government for another turn to its ruthless labor reform, which allows to make even more cheaper workers layoff and facilitate wage cuts. That's one of the main requirements contained in the report on the Spanish economy, which takes place once a year by the multilateral institution ...
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IMF issues Spain unemployment warning
Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27% unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said on June 19. A report issued by theIMFpraised Spain's reforms for stabilizing an economy that ...
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IMF Spain making strong progress
the IMF warns that the outlook for the country remains tough and has urged more action by the government and European Union to boost job creation. It expects Spain's economy to start to grow later this year. Spain has one of Europe's highest unemployment rates, currently standing at 27%. The IMF also says that further moves are needed towards banking reform. "Strong reform ...
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IMF says Spanish recession may end soon
SPAIN'S biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment rate, the IMF has warned. Spain's economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has since soared to more than 27 per cent. Prime Minister Mariano Rajoy's ...
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Spain workers evicted after occupying factory
16/06/2013 10:36 CET Industrial tension in Spain against a background of chronically high unemployment came to a head in the Basque country with the forced eviction of 70 workers from their factory near Bilbao. Police moved in on Tuesday following a court order. The company, Troqueleria del norte, which carries out die-casting for the car industry, has been in liquidation since last year and ...
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Spain must pay back incompatible subsidies for digitisation
A Spanish millionaire scheme to finance the digitisation and extension of the terrestrial television network in remote areas of the country is incompatible with EU State aid rules, the European Commission announced on 19 June. According to the Commission, ...
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IMF says hope for Spain
Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the unacceptably high unemployment rate, the IMF warned Wednesday.Spain's economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has soared to more than 27 ...
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REFILE-UPDATE 1-IMF says Spain making progress warns on jobs and banks
Wed Jun 19, 2013 10:15am EDT * Fund says Spain has done well on reforms, economic imbalances easing * Needs to do more on job creation; banks still fragile * Says Europe could help by pressing ahead with banking union By Julien Toyer MADRID, June 19 (Reuters) - Spain has made strong progress in fixing its economy but needs to do more to put millions back to work and shield its fragile banks from ...
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Spanish unemployment worries the IMF
According to a report by IMF, Spanish unemployment needs to be addressed with pro-job policies. On 19 June, James Daniel, the IMF mission chief for Spain welcomed the reforms made by the Spanish government for stabilising its economy, saying that the country will start growing again at the end of this year. However Daniel stressed that the Spanish unemployment rate is "unacceptably high ...
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Rajoy says to trim Spains bureaucracy but coy on jobs savings
MADRID (Reuters) - Spain will cut red tape and shut down redundant institutions in an overhaul of state bureaucracy, Prime Minister Mariano Rajoy said on Wednesday, putting no figure on potential savings or job ...
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The International Monetary Fund wants another labour reform from Spain
The International Monetary Fund has said that recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take 'urgent action' to slash the country's crippling 27 percent unemployment rate. The IMF report released today following their consultation visit to Spain praised the country's reforms for stabilising the ...
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The prosecutor has put all the blame for the Prestige oil tanker disaster on the captain
The prosecutor has put all the blame on the Capitan of the 'Prestige' oil tanker which split in half at sea, spewing thick oil over the Galician coast and beyond on November 19 2002. It was the worst environmental disaster that Spain has ever seen. The macro case in A Corua has already lasted seven years, and now the prosecutor has come down on the captain who has been in ...
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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