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Category: Current Affairs (92 articles)

Average Spaniard 25% richer than last year

Spanish household assets have risen above €1 trillion for the first time since 2006

For the first time since Spain’s economic crisis hit in 2008, combined net wealth for Spanish households topped €1 trillion in 2013 – a 25 per cent increase in the space of just one year.

Figures from the Bank of Spain published this week reveal that the overall assets held by the Spanish population grew to €1.04 trillion, once adjustments were made for all outstanding debts. The last time that figure climbed above one trillion was in the halcyon days of 2006, when Spain’s economy was booming…

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Author:Ian Clover 22/04/2014 [0] Comments 
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Space travel a supersonic boon for Spanish property

Sub-orbital space travel could bring increased demand for Spanish property

When we try to paint the future, do we create a picture that is wildly far-fetched or simply misjudged? Many creative dreamers of the ’50s and ‘60s imagined we’d all be piloting flying cars by now, but could they have ever envisioned that nearly every adult in the western world would carry in their pocket a phone ten times more powerful than the computers that put Neil Armstrong and Buzz Aldrin on the moon?

Probably not…

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Author:Ian Clover 18/03/2014 [0] Comments 
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Lib Dems draw up plans for local Costa del Sol MP

Lib Dem leader Nick Clegg wants to change the law to allow expats to vote

Following the recent furore around British expats being denied the vote after residing overseas for 15 years, Liberal Democrats leader Nick Clegg has drawn up plans to introduce ‘overseas constituencies’ represented by UK-based MPs.

According to Clegg – who famously has a Spanish wife – the move would make the current system much fairer on the estimated 2.2 million Brits who live elsewhere in the EU, and would simply be following in the footsteps of other European countries…

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Author:Ian Clover 12/02/2014 [0] Comments 
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Spanish optimism fuelled by fall in jobless numbers and rising property interest

Property prices in Spain are creeping back up as economic confidence returns

For the first time in ten years, the number of unemployed people in Spain fell slightly in the final quarter of last year, according to a recently released labour market survey.

The news is further proof that Spain’s economic recovery is more than mere wishful thinking. Confidence in the Spanish economy has attracted foreign investment in the country’s property market and industry – particularly its car industry – while government reforms have helped steady its labour market…

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Author:Ian Clover 04/02/2014 [0] Comments 
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Spain to remain silent on Scottish issue

Many Catalans want independence from Spain

This year could become the year in which the wheels are set in motion for Scotland to leave the United Kingdom, with a referendum on Scottish independence scheduled for September.

Among the many arguments against this happening, it has often been cited that other regions in Europe may see it as the green light they need to pursue independence from their own countries…

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Author:Ian Clover 03/02/2014 [0] Comments 
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Economists urge caution amid Spain’s economic upturn

Spain's economic recovery may flag, but it is going in the right direction, say economists

Despite Spain’s impressive economic recovery in the latter part of 2013 swelling consumer, banker and investor confidence to levels not seen since pre-2007, economic experts in the country have urged caution for the months that lay ahead.

With Spain’s jobless figures falling by 108,000 in December – one of the steepest falls in Spanish unemployment on record and marking a third monthly decline in a row – there is growing belief that Spain has turned a corner. The government’s stringent labour market reforms, introduced in 2012, have helped reshape the country’s employment outlook. Firms are more confident in hiring, wages are lower, contracts are more flexible and exports are strong… Continue Reading

Author:Ian Clover 23/01/2014 [0] Comments 
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Wind power fuelling Spain’s energy transition

It's not just kite surfers who have been enjoying the benefits of Spain's wind

Despite Spain’s justified reputation as a solar hotspot, it is actually the country’s wind power sector that is fuelling Spain’s transition to a renewable energy economy, according to startling statistics released last week by national grid operator, Red Eléctrica de España (REE).

Overall, thanks to Spain’s wind, solar and hydroelectric power efforts, greenhouse gas emissions fell by 23.1% in the country in 2013 – a remarkable achievement for a country beset by economic problems for the past five years…

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Author:Ian Clover 15/01/2014 [0] Comments 
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Spain now helping eurozone as recovery continues

Spain is no longer considered a drain for the eurozone, but rather an asset

Cast your mind back less than a year and think about how Spain was perceived across much of Europe. As the continent wrestled with recession, Spain was decried as the poster child for all that was wrong with monetary union: a failed state, full of lazy and uneducated people, a drain on the hardworking countries of the north.

Well, no longer. As Spain’s economy is set to perform strongly in 2014 following an encouraging end to 2013, the country is actually set to compensate for other, less robust economies in the eurozone as 2014 starts to take shape…

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Author:Ian Clover 10/01/2014 [0] Comments 
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Significant job creation for 2014, says Spain Economy Minister

Luis de Guindos is confident that job creation will be strong for Spain this year

New Year’s Day may have heralded the arrival of splitting hangovers and hastily scribbled resolutions all across Europe, but it also welcomed the news that Spain is likely to experience ‘significant job creation in 2014’, according to the country’s Economy Minister.

Luis de Guindos said on January 1st that job creation is likely to perform better than expected in the coming 12 months, telling Cadena Ser national radio: “2014 will see the net creation of jobs, higher even than we predicted in September in the budget, and the jobless rate will fall…”

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Author:Ian Clover 08/01/2014 [0] Comments 
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Good time for Brits to buy as the pound starts the year strong

With a strong pound this year, Brits could be in a strong position to snap up Spanish property

Sterling has come racing out of the blocks in 2014, with the pound currently worth €1.21 – its highest rate against the euro in more than a year.

At the beginning of 2013, sterling was suffering badly. Having fallen against the US dollar, it sunk to one of its lowest rates against the euro last year, barely scraping past an exchange rate of 1.1. However, foreign exchange experts predict that the pound’s strong showing at the turn of the year is a solid indication that 2014 will be a good 12 months for sterling – which is encouraging news for Brits looking to snap up a Spanish property or enjoy affordable holidays in the eurozone…

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Author:Ian Clover 06/01/2014 [0] Comments 
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