Spanish banks need 50 billion euros

Spanish banks need 50 billion euros < Spanish news  "Credit rating agency Moody's put a 50-billion-euro ($69-billion) price tag Monday on the recapitalising of Spanish banks hit by the property market collapse. And it said the level of banks' exposure to the real estate sector damages their creditworthiness. The Moody's Investors Service estimate is far higher than the 20-billion-euro maximum that the government says would be required to...

-Qatar to invest 300 mln euros in Spanish banks

Qatar to invest 300 mln euros in Spanish banks | Reuters: "Qatar will invest 300 million euros in Spanish banks and has discussed other investments with Spain's prime minister, Qatari Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani said on Monday. The prime minister said the move would be to 'invest in these companies and capitalise them.' 'We have confidence in the Spanish economy; the government has taken many positive steps,' Sheikh...

Oscar is the jewel in Colin's crown

"COLIN FIRTH walked away with the jewel in the crown at the 2011 Oscar ceremony. The British star won the Best Actor award for his portrayal of stammering monarch King George VI in The King's Speech. And the movie bagged a total of four gongs, including Best Director for TOM HOOPER,...

Spanish inflation hits 2-year high of 3.4%

Spanish inflation hits 2-year high of 3.4%: "Spain's annual inflation rate surged to a two-year high of 3.4 per cent in February, grim news for an anaemic, jobs-scarce economy, preliminary data showed Monday. Higher fuel, food and soft drink prices pushed inflation to its highest level since October 2008 when fuel prices were soaring, according to the National Statistics Institute estimate. Inflation was at 3.0 per cent in January this year. The...

Spaniards learn German in quest for jobs

Spaniards learn German in quest for jobs - BusinessWeek: "Language teachers say the prospect of finding a job in Germany has boosted the numbers of Spaniards learning German. Spain and Germany jointly unveiled a recruitment drive in January designed to reduce high unemployment in Spain while supplying Germany's buoyant economy. Both countries agreed to recognize each others' academic and training qualifications." :Text may be subject to copyright.This...

Surfers in Spain face reduced motorway speed limits

Surfers in Spain face reduced motorway speed limits: "Spain, aiming to reduce its dependence on oil as crude prices surge, will raise biofuel blending and lower speed limits and rail fares, Deputy Prime Minister Alfredo Perez Rubalcaba said on Friday. The minimum proportion of biofuels to be mixed with mineral fuels, known as minimum blend, is to be raised to 7.0 percent from 5.8 percent....

Expats in Spain 'sceptical' that properties will not be demolished

Expats in Spain 'sceptical' that properties will not be demolished : "The homes, the majority of which belong to British expats, were deemed illegal after being built on non-urban land in 2004. Despite assurances from the town's mayor, Candido Trabalon, that the homes will not be...

5 soldiers dead, 3 injured in accidental blast in Spain » Breaking News | Wire Update News | News Wires -

5 soldiers dead, 3 injured in accidental blast in Spain » Breaking News | Wire Update News | News Wires -: "An accidental explosion on Thursday killed five soldiers and injured three more in a military academy near Madrid, Spain's Defense Ministry informed. The blast occurred at...

Libyan uprising a 'foreign plot': Kadhafi son

: Libyan uprising a 'foreign plot': Kadhafi son: "Saif al-Islam Kadhafi, the son of strongman Moamer Kadhafi, said Monday that Libya was on the verge of civil war and branded the unprecedented protests against his father's rule a foreign plot. Blaming Arab and African expatriates of fomenting unrest in the country, he said the violence was aimed at installing Islamist rule, in a speech on television. 'At this moment there are tanks being driven by...

Inspired by Egypt, thousands protest on Moroccan streets

Inspired by Egypt, thousands protest on Moroccan streets - Africa, World - The Independent: "Thousands of people flooded on to the streets of cities across Morocco yesterday, hoping to wrest some powers from the ruling monarchy in the first large protests inspired by events in Tunisia...

Colin Thomas, founding director of Ocean View Properties, is being investigated for fraud and misappropriation of funds over a Costa Del Sol holiday home scheme.

Ex-Aston Villa star Gareth Barry 'victim' of alleged holiday property firm crash - Sunday Mercury: "CRIMINAL case has been launched against the boss of a Midland property firm that went bust owing £43 million to investors – including soccer star Gareth Barry. Colin Thomas, founding director of Ocean View Properties, is being investigated for fraud and misappropriation of funds over a Costa Del Sol holiday home scheme. His Staffordshire firm marketed...

Junta de Andalucía refuses calls for investigation into early retirement scandal

Junta de Andalucía refuses calls for investigation into early retirement scandal: "The Junta de Andalucía has ruled out any political resignations over the new scandal which is being referred to as EREgate. It’s an alleged fraud, investigations into which have found irregularities...

Seven arrested in new sports doping scandal in Spain

Seven arrested in new sports doping scandal in Spain: "A network accused of supplying sportsmen and women with doping substances has been broken up in Cataluña. The regional police, Los Mossos d’Esquadra, carried out raids in several locations against Cataluña, and at least seven...

Peter Andre to perform live in Spain for the first time ever.

Heatwave Promotions have pulled off their biggest coupe to date and are delighted to announce two summer dates to see Peter perform live in Spain for the first time ever. Those all important dates for your diary are Wednesday 20th July 2011 when Peter will be appearing at The Bullring...

Las Vegas Sands Starts Speaking Spanish (LVS, MGM, MPEL, WYNN)

Las Vegas Sands Starts Speaking Spanish (LVS, MGM, MPEL, WYNN): "Adelson is in discussions with Spanish governments to build a Las Vegas Strip style development that would cost somewhere around 10 billion to 15 billion euro ($13.6 billion to $20.4 billion). The development would...

ARRESTED:43 year-old Belgian national who has a holiday home in San Miguel de Salinas and the passenger was also a 43 year-old Belgian national who was living in Orihuela Costa but also had a warrant out for his arrest by a court in Marbella

: "The incident happened just after midnight when officers witnessed the black SAAB on the main Villamartin road. When approached by the officers, it drove off at speed, narrowly missing pedestrians and other road users. The car travelled towards the N-332 without lights before eventually losing the pursuing officers. An hour later, officers carried out a road block in the area where the car was last seen and after another chase, they managed to...

Spaniards arrested on the Rock

"The men, who were dressed in black wetsuits, were found to have 40,000 cigarettes wrapped inside black plastic bags tied with ropes. The contraband would have been worth £3,000 in Gibraltar but much more in Spain. The men were arrested for tobacco-related offences and, after liaison...

New Basque party Sortu backed by marchers

"Thousands of people have rallied in the Basque city of Bilbao in northern Spain to demand the legalisation of a new separatist party called Sortu. Its backers are members of the political wing of the Basque militant group Eta. Sortu's predecessor Batasuna was banned in 2003 by...

Santi Santamaria's last supper: pan tumaca - Telegraph

Santi Santamaria's last supper: pan tumaca - Telegraph: "The chef collapsed on Wednesday in the kitchen of Santi in Singapore, while giving Spanish food critics a tour of his newest restaurant. He had just served up a plate of pan tumaca, the traditional appetizer of bread spread...

Spain upset at Gibraltar 'bunkering'

Spain upset at Gibraltar 'bunkering': "The Spanish press is reporting ‘alarm’ in La Linea, following the announcement from Gibraltar that they are authorizing ‘bunkering’ by tankers in the Levante zone next to the Rock. Bunkering is when a tanker transfers the contents of its tanks...

Gang shootout in Cartagena leaves two dead in street

Gang shootout in Cartagena leaves two dead in street: "shooting which occurred in the town of Cartagena (Murcia) early this morning between rival gangs has resulted, so far, in two dead, one wounded -very seriously shot in the head- and two detainees, Police sources have reported. Specialist police forces were forced to intervene and cordoned off the area. Apparently, initial investigations suggest that the shooting could be due to the rivalry between...

EU's executive arm accused Spain of discriminating against foreign pensioners by not granting them equal access to free medication

The European Commission took Spain to court Wednesday for refusing to grant pensioners from other EU countries who live temporarily in the country access to free medication. European Union legislation gives pensioners who live temporarily in another EU country the same access to health care as retirees from their host country, if they present a European health insurance card. The EU's executive arm accused Spain of discriminating against foreign...

Exclusive location, next to beaches, golf and yachts Timeshare, Go Timeshare

Exclusive location, next to beaches, golf and yachts Timeshare, Go Timeshare: "Last summer Sol Melia’s Melia Marbella Dinamar changed its name to Melia Marbella Banus as part of an extensive renovation. This month, the “new” hotel has joined leading Spanish hotelier Sol Melia’s Vacation...

In Spain, 50cc Scooters Rain (Up 9.6%) | Motorcycle News

In Spain, 50cc Scooters Rain (Up 9.6%) | Motorcycle News: "Scooters larger than 125cc have become a nice solution for moving around modern Spanish cities and built-up areas, this is in spite of the negative sales figures that were recorded for this niche, and the sector in general,...

2 New Plants Discovered in Spain

2 New Plants Discovered in Spain - US News and World Report: "Just when everyone thought that almost every plant species on the Iberian Peninsula had been discovered, Spanish researchers have discovered Taraxacum decastroi and Taraxacum lacianense, two dandelions from the Pyrenees and the Cordillera Cantábrica mountain range, respectively. This finding confirms Spain's privileged position as a hotbed of biodiversity. 'It's hard to find new species...

Spain Approves New Law to Battle Internet Piracy

Spain Approves New Law to Battle Internet Piracy - ABC News: "Spain has approved a law that allows authorities to shut down websites offering illegal downloads of copyrighted-protected entertainment material. The revamped bill replacing an earlier defeated version was passed by...

Another fake doctor discovered after working at two Alicante hospitals

Another fake doctor discovered after working at two Alicante hospitals: "Another case of a fake doctor working at a hospital in the Valencia Region has been confirmed by the regional councillor for health, Manuel Cervera. Speaking to journalists in the corridors of the Valencia...

Ecologists denounce the slaughter of some 200 deer in Cádiz

Ecologists denounce the slaughter of some 200 deer in Cádiz: "The Verdemar-Ecologistas en Acción organisation has denounced to the Environment Department of the Junta de Andalucía in Cádiz, what it says have been two illegal slaughters of deer on a publically owned estate at the...

Woman dies in Málaga in latest domestic violence attack

Woman dies in Málaga in latest domestic violence attack: "37 year old woman has died in Málaga City today, Tuesday, after being attacked with an axe, allegedly by her ex partner, a 41 year old man who has now been arrested. The attack happened in broad daylight in the street. The...

Rowers Pass Halfway Point in Atlantic Record Attempt

Rowers Pass Halfway Point in Atlantic Record Attempt: "The Sara G and her crew are less than 1,000 miles from Barbados in their attempt to break the world record for the fastest Alantic crossing by an ocean rowing boat. As previously reported by Afloat.ie, the six-man crew - featuring Irishmen Adam Langton Burke and Rob Byrne - set out from Morocco on 5 January. And there is already some cause for celebration, as perfect conditions along the route...

Worlds motorcycle press prepare for Ducati's Diavel | Clutch and Chrome

Worlds motorcycle press prepare for Ducati's Diavel | Clutch and Chrome: "Motorcycle journalists are being invited to Marbella Spain the take the latest motorcycle to roar into Ducati’s line-up, the Ducati Diavel, out onto the beautiful Spanish roads. Reportedly, journalists from all over the world will be able to experience firsthand the new and powerful motorcycle from Italian powerhouse Ducati. According to Ducati, the Diavel project was born...

Santander hit by property market

 Santander hit by property market: "Santander missed its original target to maintain annual profits largely because of bad loans in the Spanish property market, which more than offset improvements in Latin America and the UK. The bank said net profit would have fallen just 3.2 per cent had it not been for the €472m net impact of a charge in the third quarter following demands for stricter real estate provisions by the Bank of Spain. Net interest...

Spain's most titled noble goes to Buckingham Palace

Spain's most titled noble goes to Buckingham Palace: "Spain’s most titled noble and, purportedly, the most titled woman in Europe and even the world, has travelled to the UK to attend a royal charity gala dinner at the invitation of the Prince of Wales. The event is in aid of the Prince’s Foundation for Children and the Arts and is being hosted by the Prince at Buckingham Palace. La Voz Libre reports that María del Rosario Cayetana Alfonsa Victoria...

Miguel Carcaño still claims he has no idea where Marta's body was dumped

Miguel Carcaño still claims he has no idea where Marta's body was dumped: "The self-confessed killer of the 17 year old girl who disappeared in Seville two years ago, Marta del Castillo, has claimed that he has no idea where the teenager’s body is, blaming two of the others charged with her disappearance of dumping it. Miguel Carcaño told a court in Seville that it was his friend, Samuel Benítez, and the juvenile known as El Cuco, Javier G.M., who...

Spanish webpage reports Gibraltar claiming wider waters in the Strait

Spanish webpage reports Gibraltar claiming wider waters in the Strait: "Spanish website, ‘ElConfidencialDigital’ has claimed that the Gibraltar Government sent the European Union a letter last August in which a map showed that it considered practically all of the waters of the Strait where now Gibraltar waters. The article claims the British Admiralty on the rock sent the letter to which there has been no institutional response from the Spanish...