• Traffic Deaths Down 50% in 10 Years

    Sunday was the World Day of Remembrance for Victims of Traffic Accidents. The good news for Spain is that over the last 10 year period, traffic mortality has fallen more than 50 percent, from 5,517 fatalities in 2001 to 2,478 …

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  • Only Four in Ten Young Spanish Can Afford to Buy a Home

    According to the latest study carried out by the Youth Council of Spain (CJE), young Spanish people need to spend more than half of their net income (53.5%) in order to buy a home, which explains in part why only …

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  • Spain – an area at high risk of tsunamis

    Perhaps it is a little known fact, but the Iberian Peninsula is considered by experts as an area of high risk for tsunamis. Some of Spain’s cities have, in fact, suffered the destructive impact of these large waves many times, …

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  • House Sales Fall to Record Low Since 2005

    Home sales fell 31.9% in the third quarter of 2011 over the same period of 2010, accounting for 84,852 transactions, and representing the lowest figures recorded by the Association of Property Registrars since 2005. The agency attributed the data to …

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  • Eight Spanish Regions on the EU Highest Jobless List for 2010

    The Spanish regions of the Canary Islands, Andalucia, Ceuta, Melilla, Murcia, Valencia, Extremadura and Castilla La Mancha, together with the French overseas departments of Réunion, Guadeloupe, French Guiana and Martinique, recorded the highest levels of unemployment across the EU in …

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  • Euro May Fall “Within Weeks”

    British magazine The Economist warns in its latest issue that the breakdown of the euro could happen in the coming weeks. In an article entitled “Is this really the end?”, it says that “the fall of the single currency could …

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  • Euro Zone Already in Recession, Says World Bank

    The Institute of International Finance (IIF) has said that the situation in the euro zone “has deteriorated” in the last month dropping “into a new recession,” which will shrink the European economy by one percent of its Gross Domestic Product …

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  • 70% of Landlords Fear Tenants Defaulting

    The economic crisis and rising unemployment have increased the fear of rental apartment owners. Seven in 10 thought that their tenants would not be able to meet the rental payments and end up becoming delinquent. This was one opinion that …

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  • IMF Creates Emergency Credit Line to Protect Eurozone

    The International Monetary Fund (IMF) has finalised its ‘Preventive Liquidity Line’, a credit line agreed at the G-20 summit in Cannes to assist countries in the Eurozone who need emergency money. “These reforms will enable the Fund to be more …

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  • Overnight Hotel Stays Increase 3.2% in October

    During the month of October, 24.7 million overnight stays were recorded in hotel establishments in Spain, indicating a 3.2% increase over the same month in 2010. Overnight stays by residents decreased by 9.3%, while non-resident stays increased by 11.1%. The …

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  • Merkel Calls for “Rapid Reforms” in Spain

    German Chancellor Angela Merkel, sent a telegram to the PP leader, Mariano Rajoy, to congratulate him on his victory in Sunday’s elections, highlighting the “clear mandate” that the Spanish have given him, to perform “rapid reforms” in these “difficult times” …

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  • Ratings Agencies Maintain Spanish Debt Note

    Standard & Poor’s rating agency has maintained the ‘AA-‘ rating on Spain’s solvency, a qualification between ‘good’ and ‘remarkable’, although it also maintains the “negative outlook” after the change in the Spanish Government on Sunday. The agency Fitch has also …

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  • World Leaders Congratulate Rajoy

    The German Chancellor, Angela Merkel and the French President, Nicolas Sarkozy, along with British Prime Minister, David Cameron, have transmitted to the PP leader, Mariano Rajoy, their congratulations on his victory at the polls this past Sunday. PP sources reported …

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  • PP Wins Landslide Victory in Spain’s Parliamentary Elections

    With 99.52 percent of votes counted in the Spanish polls on Sunday, Mariano Rajoy’s PP achieved its best result ever, with a large absolute majority of 186 seats, three more than those achieved by José María Aznar in 2000, while …

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  • Eurozone Inflation Stable in October

    The rate of inflation in the eurozone in October remained at 3%, the same level as in the previous month, but well above the 1.9% recorded a year ago, according to data published by the European statistics office, Eurostat. El …

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