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Spain Banker freed as inquiry continues
The former chairman of Caja Madrid, jailed on Thursday following an investigation into banking irregularities,has been freed. Considered a flight risk, a Spanish judge had set bail at 2.5 million euros for Miguel Blesa. The inquiry over Caja Madrid's purchase of a US bank in the midst of the economic crisis in 2008 continues. Caja Madrid merged with several banks two years later in 2010 ...
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Spanish government rejects unions’ pleas for anti-crisis pact
Last year, Spain's trade unions threatened the government with a general strike if a red line of six million unemployed was crossed. Instead, with 6.2 million out of work (27 percent of the population) and 1.8 million households with everyone unemployed, they have offered a State Pact (Pacto de Estado) for "economic policy change" between the "social partners"--the right ...
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Former Real Madrid forward Baptista eyes Brazil return
Former Real Madrid and Brazil international forward Julio Baptista revealed on Friday he is considering a return to Brazilian football.The 31-year-old, now at Spanish top-flight club Malaga, has been linked with a move to Internacional, managed by Brazil's 1994 World Cup-winning captain and former national coach Dunga."We haven't spoken but I know there is interest," Batista ...
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Lamphier Steel yourself for more bad news — Spanish and South Korean companies win Walterdale Bridge contracts
EDMONTON - First, Quebec. Now Spain and South Korea.For the second time in a few weeks, outside firms have left local bidders out of luck in the fight over contracts for a key public works project.A consortium led by the Canadian arm of Spanish infrastructure giant Acciona S.A. is poised to win the contract to build the new Walterdale Bridge, the city confirms.The $125 million bid by ...
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Spanish judges hold former Caja Madrid chief in jail
Former president of Caja Madrid Miguel Blesa is the first top financier detained in Spain since the financial crisis began. Photograph: Reuters/Sergio Perez Spanish judges this week sent the strongest signal yet that they intend to crack down on former executives at bailed-out banks by putting the ...
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Athletico shocks Real Madrid wins Copa del Ray
Denis Doyle/Getty Images MADRID (AP) -- Atletico Madrid ended a 14-year winless run against Real Madrid to capture the Copa del Rey title on Friday, coming from behind to win 2-1 in extra time after its city rivals' Cristiano Ronaldo and Jose Mourinho were sent off. Atletico claimed its first win over Madrid since 1999 when Brazilian defender Miranda headed in Jorge ...
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Simeone We no longer fear Real Madrid
Diego Simeone has applauded his Atletico Madrid players for banishing their fear of arch-rivals Real Madrid.Atletico needed an extra-time goal from defender Joao Miranda to end their 25-match winless run against their city neighbours and triumph 2-1 in Friday's Copa del Rey final for the first time in almost two decades.And their coach was delighted with the commitment made by each and ...
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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