elena salgado
May 17th, 2006
Last year was a record one for the Costa del Sol as far as tourism was concerned, with more than 9 million visitors over the year, and an increase in numbers for the first time in three years. Total tourist spend was also up, by nearly 14% to €3.96 billion ...
Continue reading Record Year for Tourism on the Costa del Sol
April 24th, 2009
Spain says restructuring to strengthen banking system Spain's banks at disadvantage, savings bank head says CECA sees more bailouts after Caja Castilla Banking association head calls for capital injections Spain's government on Wednesday said it would restructure the Spanish banking system as one lobby group warned of "catastrophic" risks without contingency plans to deal ...
Continue reading Spanish Banking Restructure
May 27th, 2009
In a series of recent gloomy economic forecasts by the European Commission, the European Central Bank, the Spanish Central Bank and government institutions, the Spanish unemployment rate could soar to a staggering 20 percent and possibly to one in four workers in 2010.“The momentum is clearly there for something well ...
Continue reading Spanish Unemployment Could Reach 1 in 4
June 2nd, 2009
Spanish govt says economic problems to continue in 2010 - Unemployment, structural weakness, biggest obstacles - Treasury Secretary Ocana sees need for Labour reform - Econ Min Salgado does not rule out tax hikes for wealthySpain's economy will not face an easy year in 2010 due to high unemployment, Spanish ...
Continue reading Spain: Economy Seeks Urgent Government Reform
June 1st, 2009
Unemployment will not hit 5 million this year - Rules out making it cheaper to hire and fire - Says no bank rescue fund should be ready before summerSpanish government spending plans to combat the recession will push up public debt by 15 percentage points of gross domestic product by ...
Continue reading Spanish Public Debt to Rise to 60% GDP
June 15th, 2009
Spanish financial institutions, which have with one exception ridden out the global economic storm intact, are bracing for a difficult summer and will soon be offered aid from a multi-billion euro rescue fund hurriedly being assembled by the government.With every passing week, more Spanish ministers, bankers and analysts accept that ...
Continue reading Changing Landscape of Spanish Banking
June 19th, 2009
The governor of the Bank of Spain bluntly told the government there was no room for deficit spending beyond the plans already announced to try to revive the economy. In his sternest policy warning since the economic crisis began last year, Miguel Angel Fernández Ordóñez said Spain’s budget deficit could reach ...
Continue reading Bank of Spain: A Drastic Change of Outlook
June 22nd, 2009
Spanish PM says worst of crisis over, economy recovering - PM sees return to growth in 2010 - PM defends tax hikes after Bank of Spain criticism - Opposition says voters deceived by talk of green shoots Spanish Prime Minister Jose Luis Rodriguez Zapatero on Wednesday said Spain should return to ...
Continue reading Spanish PM: The Worst is Over
June 23rd, 2009
Spain will decide whether to hike income tax for high earners and reduce tax breaks in 2010 after the summer, Economy Minister Elena Salgado said in an interview on Sunday. 'In September we will have better information and that will be the moment to take decisions,' Salgado said in an interview ...
Continue reading Spain Considers 2010 Tax Changes
June 25th, 2009
Treasury secretary: will review all taxes for 2010 budget - Labour minister sees new benefit payment deal before Aug - Govt to cut emergency spending to pay for new measure - ECB's Trichet says Spain needs labour reform Spain will review all taxes for the 2010 budget as it confronts a ...
Continue reading Spain: Tax Increases to Boost Unemployment Benefits
