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Category: News (167 articles)

Spain property prices fall at slowest pace for three years as market enters recovery phase

Price corrections abound throughout Spain's recovering property market

Property prices in Spain fell by the smallest margin since the end of 2010 in the second quarter of this year as the market continued to show signs of a recovery.

In the three months between April and June, house prices in Spain fell by just 0.8 per cent, which is the smallest drop for almost four years and a sure sign that the country’s five-year-long property malaise may soon be over… Continue Reading

Author:Ian Clover 17/10/2013 [1] Comment 
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Beginning of the end for Spain’s crisis, says economy minister

Football aside, Spaniards have not had much to cheer about in the past few years

In an interview with the Associated Press this week, Spain’s Economy Minister Luis de Guindos said that Spain was approaching “the beginning of the end of the crisis,” adding that while there is still plenty of hard work ahead, the most difficult days are behind Spain.

The minister also remarked that Spain will need to boost growth significantly if the country is to once again possess the economic clout to be able to “make a real impact” on the European Union. To do so, de Guindos believes, Spain must move mountains to reduce its levels of youth unemployment – still the highest in EuropeContinue Reading

Author:Ian Clover 11/10/2013 [0] Comments 
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How do you solve a problem like Spain’s low literacy?

Spain performed poorly on the latest OECD study, but it's education standards are improving faster than almost all other countries

Spain and Italy have been ranked bottom among the 24 leading developed countries for levels of literacy and numeracy, according to a survey by the Organization for Economic Cooperation and Development (OECD).

But before any of those countries’ neighbours begin feeling too smug, the UK and France ranked poorly too, as did the USA. In contrast, Finland and Japan came out on top in most metrics, with the OECD ranking workers from these nations as among the most skilled in the worldContinue Reading

Author:Ian Clover 09/10/2013 [0] Comments 
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Spanish government to increase speed limit on some roads to 130 kmh

The fine for getting caught driving under the influence of drink or drugs in Spain could soon double to €1,000

Spain’s cabinet last week approved a proposed reform to the country’s road safety laws that could drastically alter its driving landscape.

Chief among the reforms is the proposed 130 kmh speed limit to be introduced to some sections of Spain’s tollways and motorways. However, the reform that could have the most serious repercussions for drivers in Spain could be the increased fine for driving under the influence of drugs or alcohol – doubling from €500 to €1,000… Continue Reading

Author:Ian Clover 08/10/2013 [0] Comments 
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"We are a plague" – the anguished battle cry of Spain’s lost generation

Benjamin Serra Bosch has become a voice for Spain's lost generation

“Make no mistake: the youth are not here to learn the language, have an adventure and new experiences. We are immigrants. We are a plague.” These are the words of Benjamin Serra Bosch, a Spanish immigrant in London who achieved a modicum of online infamy last week with his blogged rants against his – and thousands of other Spaniards’ – plight.

Serra Bosch, 25, boasts three degrees garnered from one of Spain’s leading universities, yet he finds himself marooned in London cleaning toilets at a well-known coffee chain… Continue Reading

Author:Ian Clover 07/10/2013 [0] Comments 
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Spain jobless numbers rise again as seasonal work wanes

Spain's service industry shedded jobs in September, but the news was actually encouraging

In a not-wholly-unexpected turn of events, unemployment in Spain has risen for the first time in seven months as summer seasonal work dries up.

The number of registered jobless in Spain increased to 4.7 million at the end of September, a rise of 0.5 per cent as 25,572 individuals lost their jobs.

These statistics, from the Labour Ministry, revealed that the construction sector and service sector were worst hit, as the end of the summer season signalled the traditional shedding of jobs in these industries… Continue Reading

Author:Ian Clover 04/10/2013 [0] Comments 
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Spain unlikely to need further financial help, say EU

Olli Rehn, European Commissioner for Economic and Monetary Affairs, is happy with Spain's economic progress.

Telling news emanated from the EU on Tuesday as Olli Rehn, the European commissioner for economic and monetary affairs, remarked that there is a good chance of Spain concluding its current financial assistance programme without the need for a successor programme.

Rehn was speaking during a visit to Paris, and his positive assessment is sure to resonate throughout the corridors of power in Europe… Continue Reading

Author:Ian Clover 02/10/2013 [0] Comments 
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New residency permit ratified by Spanish Parliament

Spain will permit non-EU nationals to apply for residency if they invest at least €500,000 in property

Spain’s Parliament last week ratified a rule change to the country’s so-called ‘Golden Visa’ law allowing non-EU nationals the chance to apply for Spanish residency if they invest a minimum of €500,000 in Spanish property.

The rule change has been mooted for some time, and is designed to spur greater investment among wealthy buyers from non-EU countries, such as the USA, Russia and China… Continue Reading

Author:Ian Clover 30/09/2013 [1] Comment 
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Is Spain set to revert back to Greenwich Mean Time?

Spain has been living on 'Berlin Time' since WWII... but changes may be afoot

A parliamentary commission in Spain debated on Thursday whether to switch the country back to Greenwich Mean Time (GMT) – a time zone it last adhered to before WWII.

The motion, which is non-binding, is expected to be approved, possibly sparking a chain of events that could set Spain back to GMT, reversing a decision General Franco made during WWII when the country followed Nazi Germany and ran by Central European Time.

Now, even the most geographically challenged individual can see the problem with that: Spain sits to the extreme west of the continent, and has been skipping ahead an hour for generations… Continue Reading

Author:Ian Clover 27/09/2013 [0] Comments 
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King of Spain’s surgery fuels abdication talk

The 75-year-old monarch has reigned in Spain since the fall of Franco

Having undergone hip surgery this week, rumours that King Juan Carlos of Spain is set to abdicate have circulated, with the palace forced to issue a statement saying that he will not vacate the throne.

King Carlos, 75, has had his fifth operation in 18 months following a fall. His declining health has fuelled speculation that he is set to step aside and allow his son, Felipe, to take the crown.

Such a move has sparked intense debate in Spain, with commentators keen to seize upon the uncertainty to open a wider discourse about the future – and current relevance – of Spain’s monarchy… Continue Reading

Author:Ian Clover 26/09/2013 [0] Comments 
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