Archives for October 2011

October 31st, 2011

La Mancha is the Spanish heartland. Sprawling over a high plateau between Madrid and the Mediterranean, it is the birthplace of Manchego cheese and Pedro Almodóvar, and the legendary stomping-ground of Don Quixote himself. Life has a harsh edge here. The weather is more extreme than elsewhere in Spain, and the ...

Continue reading The Purple Gold of La Mancha

October 31st, 2011

Spain´s Minister for Labour and Immigration, Valeriano Gómez, has acknowledged that unemployment data from the National Statistics Institute for the third quarter is "bad, in no uncertain terms," considering that the summer months are usually good for job creation. In the press conference after the Council of Ministers, Gomez admitted that, ...

Continue reading No Magic Solution to Crisis, Says Blanco

October 28th, 2011

The European Commission President Jose Manuel Durao Barroso said that the EU "is closer to resolving its financial and economic crisis" thanks to the agreements reached at the euro zone summit in Brussels, which included putting 50% of the Greek debt in the hands of banks, the strengthening of the ...

Continue reading European Union “Closer to Resolving its Economic Crisis”

October 28th, 2011

Spanish Prime Minister, José Luis Rodríguez Zapatero, said early Thursday morning after the Brussels summit, that the five Spanish banks which must increase their capital by a total of 26,161 million euros in order to gain financial strength, need not rely on public support to address recapitalisation, as called for ...

Continue reading Spanish Banks Will Not Need Public Funding, Says Zapatero

October 27th, 2011

The Renfe/Talgo organisation of Los Prados, in Málaga, was celebrating yesterday after being awarded, by the Government of Saudi Arabia, the contract to build the high speed AVE service between Mecca and Medina. The Spanish consortium will be increasing the workload in their Malaga factory, which has participated in recent years ...

Continue reading Málaga to Build High Speed Rail Network for Mecca

October 27th, 2011

The Lower House of the German Parliament (Bundestag) approved, with an overwhelming majority of 503 votes in favour versus 89 votes against and 4 abstentions, the proposal of the German Chancellor, Angela Merkel, to expand the capacity of the European Financial Stability Fund (EFSF) without increasing the contribution of German ...

Continue reading Germany Supports Strengthening of Bailout Fund

October 26th, 2011

Low cost airlines carried 28.9 million passengers during the first nine months of the year, which is a 14.1% increase over the same period in 2010, compared to regular airlines, who carried 21.4 million passengers, an 8.3% rise, according to data released this week by the Institute of Tourism Studies ...

Continue reading Budget Airlines Carry Over Half Spain’s Air Traffic

October 25th, 2011

Tarragona will host the XVIII Mediterranean Games in 2017. The Catalan city beat the Egyptian nomination from Alexandria in a vote that took place last week in Mersin (Turkey), reported ABC News. These will be the third Mediterranean Games to be held in Spain, after Barcelona in 1955 and Almeria in ...

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October 25th, 2011

House price statistics released by the government last week revealed that the average price of property in Spain is now down to 2005 levels. Their figures are based on price per square meter, which currently stands at approximately 1,700 euros. These latest reports show that the average house price has fallen ...

Continue reading Property Prices Down by up to 50% in Popular Spanish Resorts

October 25th, 2011

With a total of 5.8 million tourists, September saw growth of 9.2% compared to last year. This figure represents an increase of almost half a million tourists (492,000) and makes September 2011 the third best month ever in terms of growth. 45.8 million tourists came to Spain between January and September, ...

Continue reading ¿Qué Crisis? Spanish Tourism Blossoms in 2011

October 25th, 2011

Imagine a place in the world where you want to travel and make it reality with a single click. The unit of currency is your home and you must be willing to exchange it absolutely free of charge. El Mundo reports. Since its inception five years ago in Spanish, the website ...

Continue reading Home-Exchange Becoming Popular for Holidays

October 24th, 2011

A total of 5,210 Andalusian families over 65 years old, or with a disabled family member, have, since January 2011, been able to adapt their homes to improve their mobility through the Basic Functional Adaptation Housing Program - a line of rehabilitation aid contained in the Agreed Housing and Land ...

Continue reading 5,000 Andalusian Homes Adapted for Disabled

October 21st, 2011

The European Commission proposed a rule this week which would require all Member States to punish with criminal penalties, including jail terms, bankers who engage in serious criminal behaviour, in particular, insider trading and market manipulation. Europa Press reported that the policy would have limited impact because most of the Member ...

Continue reading Brussels Proposes Jail for Manipulating Bankers

October 21st, 2011

The European Commission President Jose Manuel Durao Barroso, said on Wednesday morning that the summit of the Heads of State and Government of the euro zone, which will take place on Sunday, will succeed in finding "an answer to reinforce the rescue fund" and that it will be able "to ...

Continue reading Barroso Optimistic Over Bailout Fund

October 20th, 2011

House prices in Spain fell by 5.6% in the third quarter of the year over the same period in 2010, continuing the downward trend that began at the end of 2008, according to pricing statistics published on Tuesday by the Ministry of Development. In addition, the data shows that the ...

Continue reading House Prices Fall to 2005 Levels