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SPAIN TODAY – MONDAY 21 MAY 2012
The Minister for Health, Social Services and Equality, Ana Mato, insisted that the Royal Decree-Law on Urgent Measures to Guarantee the Sustainability of the National Health System "is the realisation of the universal and free nature" of all the healthcare…
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SPAIN TODAY – FRIDAY 18 MAY 2012
Shares of Bankia, the Spanish bank that was partly nationalized last week, went into free fall on Thursday on reports of a run on the bank’s deposits. At 1pm, the bank’s shares were down 16.07% at 1.39 euro after having…
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SPAIN TODAY – THURSDAY 17 MAY 2012
The Spanish Ibex 35 closed business on Wednesday at 6611.5 points, maintaining the levels of 2003, with a drop of 1.33% over the previous day. However, the risk factor of Spain was looking slightly better at 484 basis points, having…
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SPAIN TODAY – WEDNESDAY 16 MAY 2012
It was an even bleaker day in the stock market than yesterday, with the risk premium of Spain being set at 487 basis points, the main indicator of the Spanish market, the IBEX 35, has dropped 108.70 points, or 1.6%,…
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SPAIN TODAY – TUESDAY 15 MAY 2012
The Ibex 35 dropped 2.66% at the close of Monday, taking the index score below the golden 7,000 to just 6,800, but there were also drops across most of Europe. However, the risk premium in Spain has soared to 478…
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SPAIN TODAY – MONDAY 14 MAY 2012
The Council of Ministers has approved two new decisions in line with the consolidation of the restructuring of the financial system approved last February. The main objective is, in the words of the Minister for Economic Affairs and Competition, Luis…
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SPAIN TODAY – FRIDAY 11 MAY 2012
The European Commission is likely to confirm on Friday that the plans implemented by the Rajoy government and the consolidation plans of the regions, are insufficient to meet Spain’s commitment with the EU to reduce the public deficit of 8.5%…
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SPAIN TODAY – THURSDAY 10 MAY 2012
Although things were starting to look promising at the start of the week, the discussion, disagreements and uncertainty of the Spanish banking sector has conditioned the descent of the Spanish Stock Exchange, which dropped 2.77%, the sixth largest drop of…
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SPAIN TODAY – WEDNESDAY 09 MAY 2012
In facing criticism of always blaming the previous administration for the fact that he broke election promises not to increase tax and cuts, Mariano Rajoy has said that he doesn´t complain about what the previous government did, but rather, "I…
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SPAIN TODAY – TUESDAY 08 MAY 2012
The result of the Greek and French elections has not stopped the Spanish stock market recovering 7,000 points level with the largest increase of the year, 2.72%, encouraged by the progress of large banks and securities. With the risk premium…
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SPAIN TODAY – MONDAY 07 MAY 2012
Unemployment is making the headlines once again, but this time, it´s the opposite to the norm, with figures on the decrease for a change, but only just beating the figures recorded in 2008 and 2009. The figures for April from…
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SPAIN TODAY – THURSDAY 03 MAY 2012
Work has started on the exhumation of what is thought to be the second largest mass grave holding the bodies of troops shot by Franco´s forces during the civil war. Located in the town of Teba in Málaga, the single…
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SPAIN TODAY – TUESDAY 01 MAY 2012
Following an official warning from the Bank of Spain, European stock markets fell on Monday after Spain’s recession was confirmed by official data from the National Statistics Institute and Standard & Poor’s slashed its ratings on the nation’s largest banks.…
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SPAIN TODAY – MONDAY 30 APRIL 2012
Tens of thousands of people took to the streets of Spain this weekend, in protest over the government’s education and health care cuts. Meanwhile, not backing down, President Mariano Rajoy addressed the Partido Popular´s regional congress in Madrid, promising that…
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Employment data for first quarter 2012
According to the latest data from the National Statistics Institute (INE), the number of people in work fell by 374,300 in the first quarter of 2012 to a total of 17,433,200. The number of unemployed rose by 365,900 to a…
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SPAIN TODAY – FRIDAY 27 APRIL 2012
Having continued flicking through the “How you win friends and influence people” manual that they seem to have found in a rejects bin, the Spanish government have made yet another announcement that has caused shock and disappointment to many, although…
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SPAIN TODAY – THURSDAY 26 APRIL 2012
The President of the European Central Bank, Mario Draghi, has praised the Spanish government´s moves to get its finances back in shape, but he was not so keen on the idea of reactivating purchases of sovereign debt. In an interview…
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SPAIN TODAY – WEDNESDAY 25 APRIL 2012
In a secret ballot on Wednesday, the house of congress has approved the publication that gives details of the extra activities of the members of parliament. Despite the “absolute commitment” that the post of elected member holds, it is believed…
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SPAIN TODAY – TUESDAY 24 APRIL 2012
The Bank of Spain has confirmed that despite the moves to rescue the economy, the country has slipped back into a state of recession for the second time in 2 years, as the GDP for the first quarter dropped for…
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SPAIN TODAY – MONDAY 23 APRIL 2012
Families of the 62 Spanish victims, who perished along with 13 Ukrainian and Belorussian crew members, when a Yaklovlev -42 plane they were travelling in crashed over Trabzon, Turkey while flying back from Afghanistan to a military base in Zaragoza,…