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Category: Current Affairs (101 articles)

Spain PM ignoring calls to raise taxes, for now

Rajoy has a plan, and he's sticking to it

Spanish Prime Minister Mariano Rajoy is set to ignore a suggestion from the International Monetary Fund (IMF) to raise taxes as he eyes re-election in 2015.

Analysts from the European Commission and the IMF have both urged Rajoy to increase indirect taxes and close fiscal loopholes in the economy, which is still tottering slowly to its feet after a double dose of recession

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Author:Ian Clover 15/07/2014 [0] Comments 
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EU slashes mobile roaming charges

Mobile roaming charges in the EU are now 55% cheaper, and could disappear altogether by 2015

One of Europe’s most antiquated, yet meekly accepted, idiosyncrasies was drastically scaled back on July 1, when mobile roaming charges in the European Union (EU) were cut by 55 per cent, and may be reduced to zero before the end of the year…

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Author:Ian Clover 08/07/2014 [0] Comments 
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Spain’s new Royal Family visit Pope Francis

Spain's new King and Queen have this week enjoyed a private audience with Pope Francis

In their first official overseas visit as King and Queen, King Felipe VI and Queen Letizia of Spain have travelled to the Vatican City for a private audience with Pope Francis.

Having been proclaimed as Spain’s new ruling monarch in late June following the abdication of his father, King Felipe, 46, has been steadily adapting to his new role as head of the Spanish Monarchy. The King arrived in Rome on Monday and was greeted by a throng of photographers eager to capture this historic occasion…
Author:Ian Clover 01/07/2014 [0] Comments 
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Kids come first for many expats, study finds

The chance to create a fun, fulfilling lifestyle for their children is one of the strongest draws for expat life

A new study by YouGov and Lloyds Bank Private Banking has found that one-in-four British people would seriously consider moving abroad if it meant that they could be closer to their children.

The results of the survey, which is likely to send shivers down the spines of 20-something flyer girls and barmen everywhere from Marbella to Ayia Napa, were recently published by the bank, and reveal that 67 per cent of Brits with children believe that a move abroad would help their family improve their quality of life…

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Author:Ian Clover 19/06/2014 [0] Comments 
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Spain prime minister promises cash boost for businesses

Mariano Rajoy has earmarked more than €6bn for Spanish businesses

Throwing money at a problem, we are told, is no guaranteed way to solve it. But the well-heeled are not down-at-heel for a very good reason, and money often has a lot to do with it.

Spain’s economy has been down at heel so often in recent years that it had begun to resemble a piece of discarded gum: flat, useless, rather unsightly and generally in a sticky situation. But in recent months it has scraped itself off the pavement and is now readying itself for fresh bouts of mastication…

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Author:Ian Clover 17/06/2014 [0] Comments 
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Spain’s 5-1 WC defeat earns one Spaniard €100,000

Not every Spaniard was left feeling glum at the weekend

It was a shocker, a horror show, a nightmare. Spain’s opening game at the World Cup on Friday will go down in history as one of the worst opening defences by a world champion ever. To lose to the Netherlands was one thing. To lose 5-1 was unthinkable.

Almost literally, it was unthinkable. Except for one masochistic Spaniard who predicted such an outrageous scoreline beforehand and woke up on Saturday €100,000 better off

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Author:Ian Clover 16/06/2014 [0] Comments 
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Spain no longer in EU’s pocket

Spain has paid down its debt to the EU by a third in the past year

What a difference a year makes: figures released this week by the Spanish Central Bank show that Spain has reduced its debt owed to the EU by almost a third in the past 12 months – with the debt owed shrinking even further in the first quarter of this year… Continue Reading

Author:Ian Clover 26/05/2014 [0] Comments 
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Spanish Government promises 600,000 jobs in two years

With high youth unemployment, Spain's leaders are turning their attention to boosting the job market

Prime Minister Mariano Rajoy’s government has upgraded Spain’s economic outlook, bullishly adding that it will create 600,000 new jobs over the next two years.

Spain’s slow and steady recovery from a double dip recession has instilled a drip-drip of confidence in the country in 2014, with the official growth target of 0.7 per cent revised upwards to 1.2 per cent. For 2015, the government expects GDP to grow by 1.8 per cent, up from the previous forecast of 1.2 per cent…

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Author:Ian Clover 08/05/2014 [0] Comments 
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Why you shouldn’t worry that Andalucía tops Europe’s unemployment chart

Marbella, Costa del Sol

Andalucía abounds with endless opportunities for fun holidays and fulfilling property investment

The world is a big place, with billions of people. Good things happen every day, all the time, across the globe. But it is usually the bad news stories that grab our attention. Pain and suffering make good newspaper copy, joy and achievement less so.

But hopefully we all learned long ago not to let every disaster, struggle or war affect our daily lives. Sure, it takes a heart of stone not to be moved by some people’s plights – particularly when heartstring-aimed messages are shared and ‘Liked’ on Facebook with mawkish regularity – but it is simply good sense not to carry the weight of the world with you.

Which is why the recent revelation that Andalucía is the region with the highest levels of unemployment in Europe should not unduly concern you. With 36.3% of people unable to find work in the region, unless you are one of them the economic troubles facing millions of Spaniards should not sully your decision to holiday in Spain or buy property on the Costa del Sol

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Author:Ian Clover 28/04/2014 [0] Comments 
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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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