Tag: Spain

• Wednesday, July 11th 2012 - 22:28 UTC

  Rajoy raises VAT to 21% and drastically cuts benefits and other perks

  

  Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts designed to slash 65 billion Euros from the budget deficit by 2014 as recession-plagued Spain struggles to meet tough targets agreed with Europe.

• Wednesday, July 11th 2012 - 22:16 UTC

  Germany expected to grow 1.9% in 2013 because of Euro crisis

  

  Germany's DIW economic research institute slashed its 2013 forecast for Europe's largest economy by 0.5 percentage points to 1.9% on Wednesday, saying the Euro zone debt crisis would have a bigger impact than it had originally expected.

• Tuesday, July 10th 2012 - 05:21 UTC

  Spain applies further budget savings and is granted another year to reach targets

  

  Euro-zone ministers agreed early on Tuesday to grant Spain an extra year until 2014 to reach its deficit reduction targets in exchange for further budget savings and set the parameters of an aid package for Madrid's ailing banks.

• Monday, July 9th 2012 - 12:22 UTC

  Majority of Spaniards say Gibraltar is and issue of little interest for foreign policy

  

  A survey by the leading Spanish think tank Real Instituto Elcano has found that nearly 60% of those polled believe Gibraltar is of little or no importance to Spanish foreign policy.

• Saturday, July 7th 2012 - 05:12 UTC

  Euro crisis “the greatest external economic risk” for Latinamerican growth

  

  The Euro crisis is the “greatest external economic risk” for Latinamerica warned the Inter American Development Bank Luis Alberto Moreno who nevertheless said he was convinced the world with end acknowledging the efforts from the European Union and Spain.

• Wednesday, July 4th 2012 - 22:26 UTC

  Spanish court opens fraud case against Banka former executives

  

  A Spanish court opened a fraud case against former executives of lender Bankia on Wednesday amid mounting public anger against the state-rescued bank.

• Monday, July 2nd 2012 - 06:07 UTC

  Spain economy shrinks in second quarter; forecasted to contract 1.7% this year

  

  Spain's economy shrank further in the second quarter but looks set to stabilise over the rest of the year while the government continues to push structural reforms and budget austerity, Economy Minister Luis de Guindos said.

• Monday, July 2nd 2012 - 05:48 UTC

  Gay cruise vessel banned from Casablanca forced to dock in Malaga

  

  The cruise ship “Nieuw Amsterdam” on its present voyage catering to gay clients docked Sunday in Malaga, south of Spain, after Moroccan authorities prohibited it from making its scheduled port of call in Casablanca.

• Monday, July 2nd 2012 - 05:22 UTC

  Gibraltar will never cede “an iota of sovereignty to Spain”, says Picardo

  

  Gibraltar Chief Minister Fabian Picardo has declared that he will never hand over “a grain of sand, a drop of water or a breath of air to Spain”. In an interview with the Spanish national press agency EFE, in Gibraltar House in London, Picardo regretted the “difficult relations with Spain” but reiterated that he would never cede “an iota of sovereignty to Spain.”

• Monday, July 2nd 2012 - 05:13 UTC

  Gibraltar and Spain agree on new round of fishing activities technical talks

  

  Gibraltar and Spain are edging closer to a fishing activities agreement and a further round of technical talks between the Gibraltar Government’s fishing commission and Spanish fishermen has been agreed for next week.