• Increase in Spain’s VAT Imminent

    Despite continued denials by the Government, a VAT increase in Spain could take place soon, even before the economy minister, Luis de Guindos, suggested it may happen, which was in 2013. Thus, in Autumn the maximum rate of this tax …

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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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  • Spain on the Election Trail

    Campaigning has officially started for Spain’s parliamentary elections, which are taking place in two weeks. All the opinion polls point to the centre-right opposition Popular Party (PP) beating the governing Socialists (PSOE) by at least 15 points. Spain is facing …

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  • Spanish Banks Will Not Need Public Funding, Says Zapatero

    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 …

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  • Fugitive Writer Wins Basque Literary Award

    A prisoner on the run for 25 years has been awarded one of Spain’s Basque country’s top literary awards, but he cannot have the prize unless he gives himself up. Joseba Sarrionandia, now 53, escaped from jail in San Sebastian …

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  • Zapatero Dissolves Spanish Parliament

    Jose Luis Rodriguez Zapatero dissolved the Spanish parliament yesterday – four months earlier than required – setting the stage for a 20 November general election. To formalise the arrnagements, Zapatero signed a decree dissolving the legislature and informing King Juan …

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  • Spanish Government to Reinstate Wealth Tax

    At a meeting of the Council of Ministers this Friday, 16th September, the Spanish Government plan to reintroduce the Wealth Tax, which was abandoned in 2008. Speaking at a rally in the Jaime Vera de Galapagar Institute in Madrid on …

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  • Zapatero Waives Income Tax Increase for the Wealthy

    Spain’s wealthiest will not have to bear an additional tax on their earnings, in the remainder of Zapatero’s term, because the socialist government has opted to leave this initiative for candidate Alfredo Perez Rubalcaba to develop during his campaign in …

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  • Spain to Limit the Entry of Romanians Until the End of 2012

    The European Commission on Thursday gave the green light to the Spanish Government to proceed with the decision to reintroduce the work permit requirement for Romanian citizens who want to live in Spain. The approval is based on the “serious …

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  • Zapatero: “The euro zone is not going to abandon Greece”

    The Spanish Prime Minister, José Luis Rodríguez Zapatero insisted on Monday that after two or three issues, it is clear that the euro zone “will not drop Greece” and stressed that private sector participation in Greece’s second bailout is “exceptional …

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  • Zapatero: “The only way out of the crisis is to have sound institutions”

    The Spanish Prime Minister, José Luis Rodríguez Zapatero, said yesterday that the “only way” to improve the credit situation is for the financial sector to conclude their restructuring and solvency plans, although he did warn that as a result of …

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  • Zapatero Calls for New Mortgage Protection Measures

    In his opening speech in the Debate on the State of the Nation, Spanish Prime Minister, Jose Luis Rodriguez Zapatero, addressed the “collapse” of the real estate sector in Spain, and the “very high rate of unemployment”, and said that …

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  • German Chancellor Praises Spain’s Reform Efforts

    Angela Merkel spoke yesterday of her “great respect” for the reforms implemented in Spain over the last year. However, during the 60 minutes she spent answering questions posed by journalists of the Foreign Press Association, Merkel purposely avoided commenting on …

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  • Unemployment Sees Biggest Drop Since April 2006

    The number of people registered unemployed in Spain fell by 64,309 in April, representing a percentage decrease of 1.48% from the previous month. This follows three consecutive months of increases that led to historic high unemployment figures in March, according …

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  • Spanish Unions Unite in May Day Protests

    Thousands of people took to the streets of Spain on Sunday in Labour Day protests against social cutbacks included in the Government’s labour reforms, to demand solutions to the unemployment problem and prevent the deterioration of public services. More than …

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