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IMF issues Spain unemployment warning
Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27% unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said on June 19. A report issued by theIMFpraised Spain's reforms for stabilizing an economy that ...
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IMF Spain making strong progress
the IMF warns that the outlook for the country remains tough and has urged more action by the government and European Union to boost job creation. It expects Spain's economy to start to grow later this year. Spain has one of Europe's highest unemployment rates, currently standing at 27%. The IMF also says that further moves are needed towards banking reform. "Strong reform ...
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IMF says Spanish recession may end soon
SPAIN'S biting recession may end soon but the outlook is tough and Madrid must do more to battle the country's unacceptably high unemployment rate, the IMF has warned. Spain's economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has since soared to more than 27 per cent. Prime Minister Mariano Rajoy's ...
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Spain workers evicted after occupying factory
16/06/2013 10:36 CET Industrial tension in Spain against a background of chronically high unemployment came to a head in the Basque country with the forced eviction of 70 workers from their factory near Bilbao. Police moved in on Tuesday following a court order. The company, Troqueleria del norte, which carries out die-casting for the car industry, has been in liquidation since last year and ...
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Spain must pay back incompatible subsidies for digitisation
A Spanish millionaire scheme to finance the digitisation and extension of the terrestrial television network in remote areas of the country is incompatible with EU State aid rules, the European Commission announced on 19 June. According to the Commission, ...
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IMF says hope for Spain
Spain's biting recession may end soon but the outlook is tough and Madrid must do more to battle the unacceptably high unemployment rate, the IMF warned Wednesday.Spain's economy, still reeling from a 2008 property market crash, fell into a double-dip recession in 2011 and the unemployment rate has soared to more than 27 ...
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Pique Barcelona must strive to keep Thiago
Thiago that his future lies at Camp Nou. The 22-year-old had been linked with a move away from the Spanish champions in recent months, and his fine performances at the European Under-21 Championship - including a hat-trick in Friday's 4-2 final victory over Italy - has prompted a sudden surge in ...
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REFILE-UPDATE 1-IMF says Spain making progress warns on jobs and banks
Wed Jun 19, 2013 10:15am EDT * Fund says Spain has done well on reforms, economic imbalances easing * Needs to do more on job creation; banks still fragile * Says Europe could help by pressing ahead with banking union By Julien Toyer MADRID, June 19 (Reuters) - Spain has made strong progress in fixing its economy but needs to do more to put millions back to work and shield its fragile banks from ...
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Spanish unemployment worries the IMF
According to a report by IMF, Spanish unemployment needs to be addressed with pro-job policies. On 19 June, James Daniel, the IMF mission chief for Spain welcomed the reforms made by the Spanish government for stabilising its economy, saying that the country will start growing again at the end of this year. However Daniel stressed that the Spanish unemployment rate is "unacceptably high ...
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Rajoy says to trim Spains bureaucracy but coy on jobs savings
MADRID (Reuters) - Spain will cut red tape and shut down redundant institutions in an overhaul of state bureaucracy, Prime Minister Mariano Rajoy said on Wednesday, putting no figure on potential savings or job ...
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Spanish workers in Gibraltar protest against pension conditions
The associations representing Spanish workers in Gibraltar staged a protest on 12 June campaigning for better pensions and social security benefits. Spanish workers in Gibraltar want the Spanish Government to change the law so that they get a similar pension benefit to what any other Spanish worker gets, when having worked all their life in Spain. They want benefits derived from their ...
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Italian and Spanish Alpha League Table 2008 published
EDHEC Risk and Management Research Centre (EDHEC) and EuroPerformance fund analysis company have released the Alpha League Table, their 2008 rankings of the top Italian and Spanish asset management companies. The ranking system is based on a measure of alpha intensity, a performance measure that has been adjusted for the risks actually taken, for all active equity management in the ...
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Reina Spain united despite issues
Pepe Reina says that the continuing individual problems between Iker Casillas and Alvaro Arbeloa are not distracting the Spain squad from their collective goals at the Confederations ...
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Spanish economy gets boost from drop in trade deficit
MADRID: Spain's trade deficit was halved in April as exports soared, especially to China and other fast-growing emerging markets, the government said Wednesday, a rare glimmer of good news for a nation struggling in a double-dip recession. Spain, with the eurozone's fourth-biggest economy, posted a deficit of 1.642 billion euros ($2.196 billion) in April compared to a deficit of 3.355 ...
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UPDATE 2-Austrias Alpine Bau goes bust Spains FCC takes hit
Wed Jun 19, 2013 7:59am EDT * Alpine Bau files for insolvency, to get administrator * Parent FCC to take 289 million euro hit * Thousands of jobs at risk * FCC shares fall 5.9 pct (Combines stories, adds work council head, market reaction) By Michael Shields and Jose Elas Rodrguez VIENNA/MADRID, June 19 (Reuters) - Alpine Bau GmbH, Austria's second-biggest construction firm, filed for ...
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Spain win Under-21 European Championship as Thiago Alcantara inspires them to glory against Italy
Thiago Alcantara inspired Spain Under-21s to European Championship glory, with the reported Manchester United target hitting a hat-trick as Italy were defeated in ...
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Research and Markets Spain Exploration and Production Market Analysis and Outlook to 2020
"Spain Exploration and Production (Upstream) Market Analysis and Outlook to 2020 - Drivers, Challenges, Fields, Blocks, Supply- demand and competitive landscape" report to their offering. Spain oil and gas Exploration and Production industry research work from OGAnalysis is a compulsory report for all analysts involved in the sector. It provides all the key trends and ...
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Olazabal Wins Spains Most Prestigious Sports Award
MADRID ...
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Phenomenal Spain leave press purring
From lavish praise for "phenomenal" Spain to Italy's honest assessment, UEFA.com has the press reaction from both nations to the UEFA European U21 Championship ...
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IMF Spains Hard Won Solvency Needs Protection
"Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the International Monetary Fund has warned. In the fund's concluding statement from its most recent visit to Spain, the IMF said decisive action had been taken to clean up the country's banks, but it ...
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IMF sees Spain banks non performing loans increasing further
MADRID, June 19 | Wed Jun 19, 2013 6:16am EDT MADRID, June 19 (Reuters) - Non performing loans at Spanish banks are set to increase further in the coming months as a difficult economic outlook weighs on the capacity of households and companies to repay debts, the International Monetary Fund said on Wednesday. "NPLs typically are lagging indicators. I wouldn't be surprised if ...
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Pique advises Thiago to stay at Barcelona
Barcelona defender Gerard Pique has urged Thiago Alcantara to stay at the club despite reported interest from Manchester United. The 22-year-old made just 15 starts for Barcelona in last season's La Liga campaign, with the midfielder battling the likes of Xavi and Andres Iniesta for a first-team place. The Italian-born player has always been highly rated and he proved his credentials with a ...
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Football transfer rumours Barcelona to sign Juan Mata
are planning a 30m swoop. They're already "making overtures" to Mata's father.Once Mata is safely ensconced inside Camp Nou, Barcelona will move quickly to ...
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Spain trip helps SLU get ready for soccer season
The rain could not stop the opening of the 95th season of the Muny, which debuted 'Spamalot.' and included a surprise appearance by Eric ...
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In majority-Latino Cornelius its Indian Bollywood not Spanish-language films drawing crowds
June 17--In Cornelius, the city of 12,000 with a majority Latino population, people come from all over the Portland metro area to watch Indian films. On the surface, the trend is surprising. According to the 2010 census, only 2.2 percent of Cornelius' population is Asian, and it is unclear how much of that is Indian. But at Cornelius Cinemas, Bollywood is among the highest rated categories ...
Barcelona Digest
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Barcelona on the frontline in the cancer fight
Cancer has become the leading killer of the elderly in Europe; it is an awful, painful disease that has become something akin to a pandemic. Progress has been made in its diagnosis, and further progress is being made in its treatment, and Barcelona, by hosting the European Breast Cancer Conference, is playing a major part in the sharing of ideas and knowledge to facilitate improvements and new breakthroughs.
The city of Barcelona will play a significant role in the prevention and promotion of awareness of breast cancer when it hosts the annual European Breast Cancer Conference this year. Breast cancer is among the leading killers of women around the world, and although mortality has begun to drop worldwide, and especially in Europe, there is still much progress that can be made. Read more
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