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Spain is considering a 50 euro fee to cross its border with Gibraltar, amid a row over an artificial reef

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...s summoned to give assurances there would be no repeat. Related search articles:current events in spain Franchesco Turinsky spain current events 2013 spanish favourite list current events in madrid spain current events in madrid upskirt gibralta spain babes madrid current events incesti madri europee Photography by Franchesco Turinsky Spain international spanish shoe company mp spains 50 euro b...

Spain's economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its bank sector

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Spain’s economy minister Luis de Guindos has dampened speculation that the country is about to seek a bailout of its bank sector. Luis de Guindos said no decision would be made until audits of the banks were completed, possibly by the end of June. There have been reports in the past few days that Spain was seeking an immediate bailout from eurozone funds. Luis de Guindos was speaking in Bru...

Spain wins Euro 2012 final after beating Italy with 4-0 and claiming a successive European crown to add to their 2010 World Cup triumph

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...as a heartbreaking night for Italy and coach Cesare Prandelli but there was no shame in being beaten by a team of such quality. They can reflect with satisfaction on their work before this chastening evening. Spain, perhaps stung by the words of criticism aimed in their direction, started with a pace and tempo of passing that the Italians found impossible to live with. The warning signs were poste...

Spain will set out today its austerity budget for 2013

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Spain will set out today its austerity budget for 2013, against a backdrop of a deteriorating economy and 25% unemployment rate. Madrid is expected to outline 39 billion euros ($50 billion) worth of savings, tax rises, and structural reforms. It comes amid further protests this week, and growing expectations that Spain will seek a bailout from its eurozone partners. On Friday, results of a stress...

Spain's decision to request a loan of up to 100 billion Euros ($125 billion) from eurozone funds to help shore up its struggling banks has won broad support

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...en eurozone finance ministers on Saturday. IMF managing director Christine Lagarde said the plan for Spain should provide “assurance that the financing needs of Spain’s banking system will be fully met”. “I strongly welcome the statement by the Eurogroup, which complements the measures taken by the Spanish authorities in recent weeks to strengthen the banking system,”...

Spain is officially out of recession after first quarterly economic growth since 2011

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Spain is officially out of recession after first quarterly economic growth since 2011, according to data from the country’s National Statistics agency INE. Spain’s GDP grew 0.1% in the July-to-September period, after contracting for the previous nine quarters. Its growth confirmed last week’s estimates from the Bank of Spain. Spain was one of the countries worst hit by the globa...

Bank of Spain has announced that the country’s economy continued to shrink at a significant rate in the third quarter

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Spain’s economy continued to shrink at a “significant rate” in the third quarter, the Bank of Spain has said. Spain is currently in a deepening recession, with the unemployment rate at its highest level since the 1970s. Economy Minister Luis de Guindos said on Saturday he expected the economy to contract by about 0.4% in the July-to-September quarter. Bank of Spain has announced that...

Spain's borrowing costs have risen to another euro-era record, with lenders demanding a higher interest rate

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...a level which many analysts believe is unsustainable in the long term. It came as Moody’s cut Spain’s credit rating to one notch above “junk” and ahead of an Italian bond auction. At the weekend, Spain agreed a 100 billion-euro ($126 billion) bailout of its banks by fellow eurozone countries. It was hoped that the bailout would help calm fears in the financial markets abou...

Spain's top criminal court has ordered the release of nine jailed militants from the ETA Basque separatist group

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...tist group. The Audiencia Nacional’s decision follows a European court ruling which overturned Spain’s extension of Eta prisoners’ sentences. Last month there was bitterness among relatives of ETA victims when Eta member Ines del Rio was released. A violent 40-year campaign by ETA killed more than 800 people. The group declared a ceasefire in 2011. Spain and some of its Western a...

Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets

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...Valencia in seeking a bailout from Madrid have rattled markets. A local newspaper in Murcia, one of Spain’s smallest regions, quoted the regional government’s head as saying it would ask for funding help of up to 300 million Euros. On Friday Valencia asked the central government for a financial lifeline. The yield on Spain’s 10-year bond jumped to 7.4%, while the euro fell to an...

Spain is to consider changing time zones by an hour after a report said this would improve eating, sleeping and working habits

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Spain is to consider changing time zones by an hour after a report said this would improve eating, sleeping and working habits. The document by a parliamentary commission said that “Spain for more than 71 years has not been in the correct time zone”. In 1942, the Spanish dictator General Franco moved Spain onto Central European Time to follow Nazi Germany. Spain is to consider changi...

European stock markets had a shaky start on Friday as concern continued over Greece and Spain

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European stock markets had a shaky start on Friday as concern continued over Greece and Spain. Spain’s main share index fell more than 2% before recovering, while shares in London fell by as much as 1%. Confidence in European banks was undermined by ratings agency Moody’s, which cut the credit ratings of 16 Spanish banks late on Thursday. It also cut the debt rating on Santander UK, a...

Tens of thousands of people held largely peaceful protests across Spain against the latest government austerity measures

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...by Prime Minister Mariano Rajoy. He said it was part of a deal with eurozone leaders to help rescue Spain’s troubled banks. Parliament ratified the measures on Thursday. Earlier in the day, Germany’s parliament voted in favor of the 100 billion-euro bailout for Spain’s debt-laden banking sector. Government austerity measures aimed at cutting Spain’s large deficit have prom...

Queen Sofia of Spain has cancelled her visit to the UK for Queen Elizabeth's Diamond Jubilee because of disputes over Gibraltar

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...it was “hardly appropriate” for Queen Sofia, 73, to attend a lunch on Friday. The UK and Spain have been in dispute over fishing rights off Gibraltar, a UK territory which Spain also claims. Spain has also protested over a visit to Gibraltar by Queen Elizabeth’s son Prince Edward and his wife Sophie. Prince Edward and the Countess of Wessex are to visit Gibraltar on 11-13 June as...

Spain’s Prime Minister Mariano Rajoy has begun addressing parliament, setting out a new raft of austerity measures aimed at balancing the budget

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...nd unemployment benefits. The measures are in return for a eurozone bank bailout and an extension to Spain’s deficit reduction targets. Eurozone finance ministers have agreed to provide 30 billion Euros for Spain’s troubled banks by the end of the month and to give Madrid an extra year – until 2014 – to hit its budget targets. Mariano Rajoy told parliament that the measures...

King Juan Carlos of Spain has come under fire for hunting elephants in Botswana as his country is being sucked back into the eurozone's financial crisis

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...ry upbeat. He will recover very soon and resume his usual duties.” Physicians caring for the king of Spain say he is likely to be recuperating for the next six weeks, as he delegates his duties as head of state to his son, Prince Felipe, while he recuperates. The accident occurred early on Friday while the king was on safari in the Okavango area of Botswana. He was immediately flown home by privat...

Fitch agency cuts Italy and Spain ratings

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.... Spain has the highest jobless rate in the eurozone, at more than 20%. Fitch agency cuts Italy and Spain ratings However, Fitch said the Spanish economy should grow faster than the eurozone average after this date. Italy and Spain have introduced austerity measures designed to cut their levels of debt and restore confidence in their finances. Italy has stated it wants to balance its budget by 2...

Spanish Economy Minister Luis de Guindos has dismissed talk of it seeking a bailout from the IMF as senseless

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...tre of the eurozone crisis as concerns over the health of Spanish banks have shaken markets. Bankia, Spain’s fourth largest bank, has asked for another 19 billion Euros recently from Madrid, but many question whether Spain will be able to afford it. Speaking to the European Parliament, Mario Draghi said: “Can the ECB fill the vacuum of lack of action by national governments on fiscal g...

Spain_and_Portugal_match_at_the_FIFA_World_Cup_2010-06-29_5

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...estic league and were knocked out of the Champions League in the semi-finals. When you consider that Spain’s other major team – Real Madrid – also fell at the same stage, this may offer some hope to the other teams. Throw in the continued problems being experienced by Fernando Torres, and this is further grounds to think that Spain may not have things all their own way. However, we must keep thi...

Spanish riot police have clashed with protesters in Barcelona on the day of a general strike called in protest at the government's labor market reforms

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...ive” and that virtually all workers at Renault, Seat, Volkswagen and Ford car factories around Spain had honored it during the shift. Regional TV stations in Andalusia in the south, Catalonia in the north-east and Madrid were also off the air because of the strike. With the EU’s highest rate of unemployment, Spain is under pressure to reduce its budget deficit and bring its public fina...

Debt-laden Spain has raised 2.98 billion Euros on the financial markets

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...about the only good thing about it,” said Monument Securities analyst Marc Oswald. Debt-laden Spain has raised 2.98 billion Euros on the financial markets Investor demand for the bonds fell, with the issue 2.1 times oversubscribed, compared with 3.4 times in June. Investors remain worried about Spain’s high funding costs and whether there is a viable plan to recover from a four-year e...

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Last month, Jade Jagger spent her vacation in Spain and she seemed entirely unconcerned about whether or not anyone was taking pictures, showing off her new relaxed look with pride. Jade Jagger, the 39-year-old jewellery designer was so confident that she decided to go topless on the beach as she enjoyed her vacation in Formentera, Spain. Jade Jagger topless on the beach of Formentera   As...

Standard & Poor's has cut Spain's credit rating and warned of risks to come

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Standard & Poor’s has cut Spain’s credit rating and warned of risks to come. S&P cut Spain two notches to BBB+, warning that the country could have to take on more debt to support its banking sector. The ratings agency has also placed Spain on negative outlook, meaning there is a risk of further downgrades to come. S&P predicts the Spanish economy will shrink by 1.5% this...

The three al-Qaeda suspects are thought to have been planning an attack in Spain or elsewhere in Europe, according to the Spanish Interior Minister Jorge Fernandez Diaz

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Three men suspected to be al-Qaeda members have been arrested in San Roque and Almuradiel, southern Spain. Explosive material was seized at an address in San Roque where a Turkish man was arrested. Two other men were held near Almuradiel. They are thought to have been planning an attack in Spain or elsewhere in Europe, according to the Spanish Interior Minister Jorge Fernandez Diaz. The arrests a...

Spain is struggling with high debt levels and the highest rate of unemployment in the eurozone

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Ratings agency Standard & Poor’s has downgraded Spain’s credit rating, highlighting a deepening recession and mounting pressure on Madrid’s finances. S&P cut Spanish debt from BBB+ to BBB-, one level above junk status, and warned of possible further downgrades. Spain is struggling with high debt levels and the highest rate of unemployment in the eurozone. Madrid has intr...