Archives for February 2011

February 28th, 2011

Spanish Prime Minister Jose Luis Rodriguez Zapatero is beating his Portuguese counterpart Jose Socrates as they battle to convince investors they can stem the debt crisis and restore economic growth. The extra yield investors demand to own Portuguese 10-year bonds rather than Spanish securities has climbed this year, approaching levels reached ...

Continue reading Spain Leading Portugal in Debt Race

February 26th, 2011

Each day, we record the popularity of every Spanish property advertised on Kyero. We measure how fresh and complete the advert is, and how visitors interact with it. This week, thousands of new properties were advertised on Kyero.com. Here's this week's top Spanish properties - as voted by you. Properties priced under €250,000 €160,000Denia, Alicante ...

Continue reading Top Spanish Properties This Week on Kyero

February 25th, 2011

After having been deemed illegal in 2007 by the Andalucia regional government for being constructed on non-urban land, around a thousand homeowners in the town of Zurgena have been assured that their properties will not be demolished. Despite assurances from the town's mayor, Candido Trabalon, that the homes will not be

Continue reading Mayor Tries to Calm Fears Over Illegal Zurgena Property

February 25th, 2011

Millions of Spaniards are trapped in debt, stuck with overpriced homes that are keeping household spending low, unemployment high and international investors nervous. The bursting of Spain's property bubble has left few winners bar those who have scooped up a bargain at forced auctions of luxury flats in deserted housing estates ...

Continue reading Spanish Property Crisis Traps Millions in Debt

February 24th, 2011

Five soldiers were killed and three injured today in an accidental explosion at a military facility in central Spain that houses a bomb disposal training centre, the defence ministry said. The accident occurred at the Military Engineering Academy at Hoyo de Manzanares, 35 kilometers from Madrid, which also houses the International ...

Continue reading Five Soldiers Killed in Bomb Disposal Training Accident

February 24th, 2011

Marbella has the best rated beaches in Spain, a new study shows. It was followed by Ibiza and Lanzarote respectively. This was revealed by Oak Power Communication (OPC) which studied the position in international media of Spanish tourism brands amongst 600 journalists around the world. Research shows that the region of ...

Continue reading Best Spanish Tourism Brands

February 24th, 2011

We are much better" now than three decades ago, King Juan Carlos told Spaniards during yesterday's observance of the 30th anniversary of a failed coup against what was then a fledgling democracy. The monarch made this remark upon his arrival at Parliament to attend a luncheon with the country's top political ...

Continue reading 30th Anniversary of Failed Coup Remembered

February 24th, 2011

Spain is winning the struggle to restore financial market confidence and is convinced Germany will back a stronger euro zone rescue fund despite Chancellor Angela Merkel's domestic troubles, Prime Minister Jose Luis Rodriguez Zapatero said. "We are winning the battle, but I still have my guard up because we have to ...

Continue reading Spain Winning the Financial Battle, Says Zapatero

February 23rd, 2011

US gaming giant Las Vegas Sands is "very actively pursuing" plans to build a Las Vegas-style casino strip in Spain at a cost of up to 15 billion euros ($20.4 billion), its chief said Thursday. Sheldon Adelson told the Foreign Correspondents Association in Singapore that Las Vegas Sands is already in ...

Continue reading €15 Billion 'Euro Vegas' Planned for Spain

February 22nd, 2011

Spanish police have arrested a suspected drug trafficker just hours after his name and photo appeared on a list of Britain's 10 most wanted fugitives who are believed to have fled to Spain. Everardus Wijtvliet, 29, a Dutch national, was detained on Monday night in Tenerife, in Spain's Canary Islands as ...

Continue reading Costa del Crime Campaign Nets Most Wanted Fugitive

February 22nd, 2011

A Spanish mother has been reunited with her daughter four decades after being told the child had died at birth. It is the first proven case in a growing scandal over babies stolen by Spanish hospital doctors and sold for adoption. A DNA test proved the blood tie between the two women ...

Continue reading Spanish Mother Reunited with Daughter After 40 Years

February 22nd, 2011

Spain approved a decree toughening capital requirements for banks on Friday, but pushed out a deadline for unlisted regional banks to get private capital on board by six months. The decree forces savings banks, or 'cajas', to seek private capital, either by direct investment or stock market listings, in order to ...

Continue reading Spain Clears Plan to Shore Up Savings Banks

February 21st, 2011

The final test of the pre-season will take place at the Barcelona circuit following the cancellation of the Bahrain Grand Prix. Bahrain was scheduled to host the test from the start of next week, but with the news that the Sakhir event has been withdrawn, teams have decided to do all ...

Continue reading Barcelona Hosts F1 Testing as Bahrain Grand Prix Cancelled

February 21st, 2011

A convent in Spain has expelled a 54-year-old nun for spending too much time on social networking website, Facebook. María Jesús Galán, 54, overcame the resistance of some of her companions at the 14th-century convent to install a computer. With the aid of modern technology, "Sister internet," as Galán became ...

Continue reading Nun Kicked Out of Convent for Using Facebook

February 21st, 2011

The Spanish economy returned to growth in the fourth quarter, as consumer spending picked up and exports surged, data from the National Statistics Institute, or INE, showed Wednesday. Gross domestic product rose by 0.2% in the fourth quarter from the third, the INE said in a statement, confirming an estimate it ...

Continue reading Exports Aid Spain's Return to Growth