The Spanish government’s recent decree on labour reform is thought to be just a prelude to a far lengthier process of overhauls for the Spanish parliamentary and labour system.
The decree is due to be ratified by parliament on June 22 and even though there is a distinct lack of political backing for the reform, analysts [...]
No, not me. Edward Hugh is a semi-retired English teacher who resides in a small village in Catalonia. His daily duties – aside from teaching English to a small clutch of youngsters keen to learn Ingles – are largely taken up by his blog, where he, as a self-taught economist, waxes lyrical on issues regarding [...]
High prices of Spanish property are likely to be brought down by new measures posed by the Bank of Spain that will force banks to recognise greater losses on their current debt-for-property swaps.
As bad debts sweep the Spanish banking sector, many banks have begun offering debt-for-property deals, allowing a number of banks to build sizeable [...]
Spain’s economic malaise was further condemned over the weekend when credit ratings agency Fitch becamse the second agency to downgrade Spain’s credit rating from the coveted AAA to AA+.
This single notch cut from Fitch came on the back of the approval of austerity measures being pushed through Spanish Parliament late last week as the country [...]
Spain’s controversial austerity measures squeezed through parliament by a single vote today, illustrating just how unpopular Zapatero’s budget cuts are within the cabinet.
Just 169 members of the lower chamber voted in favour of the cuts, with 168 voting against as Zapatero’s back-benchers voiced their displeasure at the 5 percent pay cuts coming their way, not [...]
The largest union in Spain – Comisiones Obreras (CCOO) – is threatening to call a general strike in protest at Zapatero’s austerity measures which are due to become effective shortly. The head of the CCOO, Ignacio Fernandez Toxo, told Reuters that a general strike was ‘likely’ over what he termed were “right wing economic policies [...]
The president of Spain’s leading appraisal company – Sociedad de Tasacion – has stated that the Spanish property market will only pull itself out of trouble once people start believing in it once more.
Speaking last weekend at a property forum launch, Juan Fernandez-Aceytuno said: “What the sector really needs is to regain trust and credibility.” [...]
And so the shockwaves continue. Last weekend saw the bank of Spain step in with a rescue fund of 550 million euros after a proposed merger between Unicaja and Cajasur broke down, forcing the latter to rely on government assistance in order to finance its restructuring.
Cajasur, a Cordoba-based bank, has been granted permission to draw [...]
Their situation seemed bleak, to say the least. Last week’s ‘express demolition’ ruling by the Andalusian government struck thousands of British homeowners who had bought their property in Spain in good faith as particularly cruel and harsh, yet a new case that has come to light in Valencia may just prove to offer the reprieve [...]
Prime Minister Zapatero announced today a budget plan aimed at tackling Spain’s economic worries in an effort to ward off the woes currently afflicting Greece. As a fellow member of the eurozone, Spain is susceptible to the economic fluctuations of all zone members and, despite the country boasting the fourth-largest economy in the EU, has [...]
The VIVA ViewAnybody from our organisation with a point of view |
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CarolynEditor of HOT Properties - always with an ear to the ground |
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AndyTopical, political and sometimes downright grumpy |
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IanHome thoughts from abroad - our man back in the UK |
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