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Category: Current Affairs (108 articles)

Spaniards sitting on €1.67bn of old pesetas

The peseta vanished from circulation in Spain in 2002

You say peseta, I say… euro. If you are a recent British expat to Spain, or have only ever visited the country since the turn of the millennium then the chances are you will never have even seen one. But a recent survey by the Bank of Spain has revealed that there is more than €1.67 billion worth of pesetas lying idly across Spain

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Author:Ian Clover 02/09/2014 [0] Comments 
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Merkel & Rajoy praise Spain’s recovering economy

The leaders of Spain and Germany enjoyed a productive weekend ahead of the latest EU Summit

Mere days after donning their hiking boots and walking part of the Camino de Santiago, German chancellor Angela Merkel and Spanish Prime Minister Mariano Rajoy have spoken in unison about the encouraging road to recovery Spain’s economy has embarked upon

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Author:Ian Clover 28/08/2014 [1] Comment 
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Angela Merkel to walk the Camino de Santiago

German chancellor Angela Merkel is set to meet the Spanish PM for talks

In a pretty subdued but interesting publicity stunt, German Chancellor Angela Merkel is set to walk a 5km section of the famous Camino de Santiago trail alongside her Spanish counterpart, Prime Minister Mariano Rajoy.

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Author:Ian Clover 24/08/2014 [0] Comments 
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Ukraine skirmish keeping Russians away from Spain

In 2012, Russia's middle class kept Spain's tourism industry afloat; today, their numbers are dwindling

Having swelled Spain’s beach resorts, hotels and restaurant numbers in recent years, newly wealthy Russian tourists have stayed away from the country in their droves this summer as Russia teeters on the brink of full-out conflict with its neighbour Ukraine…

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Author:Ian Clover 22/08/2014 [1] Comment 
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Older generation more reluctant to retire abroad, study finds

Retiring abroad should not be daunting, but many Brits are put off the idea as they grow old

Most Britons who while young dream of retiring abroad are less likely to do so as they age, a recent study has found.

Retirement income specialist MGM conducted a poll of British workers and found that those approaching retirement age were increasingly less likely to want to move overseas, citing a greater awareness of the potential pitfalls that could await them…

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Author:Ian Clover 19/08/2014 [4] Comments 
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Spain unemployment drops below 25% for first time in two years

With 17.4 million Spaniards now in work, Spain's economy is at the healthiest it has been for two years

Spain’s jobless rate has ducked under 25 per cent for the first time since 2012 as the country’s economic recovery has gathered pace.

The second quarter of the year generated an extra 402,000 jobs in Spain, dragging the unemployment rate down to 24.5 per cent. During the first three months of the year the average unemployment rate hovered around 25.9 per cent…

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Author:Ian Clover 04/08/2014 [0] Comments 
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More good news for Spain economy, but when will wages rise?

Falling wages simply mean the money in Spain's economy is currently being directed elsewhere, and that has to stop

Spain’s miraculous economic turnaround in the past 12 months has largely been a result of direct government action designed to shake up the labour market.

In aiding the car manufacturing industry with its scrappage scheme, the sector rebounded to become one of the country’s key economic successes. In overhauling antiquated labour laws, companies had more freedom to fire workers, cut wages and hire fresh faces – the result being an upturn in job creation and a boost for the national GDP…

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Author:Ian Clover 29/07/2014 [0] Comments 
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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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