Spain's Unicaja, Caja Espana savings banks merge

Spanish regional savings banks Unicaja and Caja Espana have merged following the government's recent requirement that banks raise substantially their provisions set aside to cover toxic real estate exposure. The merger, in which Banco Caja Espana-Duero (Banco Ceiss) is effectively absorbed into Unicaja Banco, creates a group with approximately (EURO)80 billion ($104.9 billion) in total assets and a turnover of (EURO)120 billion ($157.4 billion),...

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Health board owed £130k for treatment of foreign nationals

FOREIGN nationals not entitled to free treatment are said to owe Swansea Bay's ABM University Health Board more than £130,000 — the second highest figure in Wales. According to figures obtained by the Welsh Conservatives, only Cardiff and Vale UHB is owed more, at just over £200,000. ​ Darren Millar AM The Welsh Government has now said it is looking at further measures to help health boards recoup their costs. Figures obtained by the Tories following...

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Spanish state will need outside help – or even go bankrupt.

 If the negative development in the Spanish housing market continues, it can – worst case – lead to renewed concern over that the Spanish state will need outside help – or even go bankrupt. Banks might face several hundred billion Euros in losses on the Spanish real estate market. This will mean a recapitalization of the Spanish banks – capital that can only come from the Spanish state. Now there is nothing new in that; but what is interesting...

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Police plans to fire rubber bullets in London

 Scotland Yard authorised the deployment of rubber bullets ready for use on the streets of London 22 times in the past two years, The Independent can reveal. The figure suggests the Metropolitan Police had considered ordering its officers to open fire during public disorder incidents far more frequently than previously thought. The Yard yesterday refused to say on what dates and during which situations it ordered some of the nearly 3,000 baton...

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Spain Approves Canary Islands Oil Exploration

The Spanish government approved Friday a controversial permit to explore for oil offshore the Canary Islands, in an area that could become by far the largest source of oil production in a country heavily dependent on crude imports. Approval of an exploration license marks the latest move in Spain's shift away from a policy of subsidy-dependent renewable energy projects as it seeks ways to improve its trade balance and steady its budget, but will...

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Spain's public debt soars to record high

Spain's public debt soared to a record high at the end of 2011, Bank of Spain figures showed Friday, as Madrid struggled to slash costs and escape the eurozone debt crisis. Public debt amounted to 734.96 billion euros ($960 billion), equal to 68.5 percent of annual economic output at the end of 2011 -- up from 66 percent three months earlier and 61.2 percent at the end of 2010. The accumulated debts breached the European-Union agreed limit of 60...

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Cadíz second bridge delayed until at least 2013

The Ministry for Development has announced a delay in the opening of the second road bridge into Cádiz which will now not be open to traffic until 2013. Minister, Ana Pastor, said that not with all the money in the world could a 2012 opening be achieved. 2012 was the target date so that it coincided with the bicentenary of the 1812 Spanish Constitution which was signed in the city on March 19 1812. The General Courts of Spain were transferred there...

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Place your bets on Euro Vegas

IT MAY just be the single largest contrarian bet in the euro zone. Sheldon Adelson, a casino tycoon, is expected soon to choose between Madrid and Barcelona for a €16 billion ($21 billion) gambling resort. The euro-zone turmoil does not faze him: “It will take us four to five years,” he told Forbes magazine. “By then everything will be solved.” Mr Adelson’s Las Vegas Sands (LVS) hopes to create a “Euro Vegas”, capable of attracting the 1 billion...

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55 security guards arrested with fake qualifications

 55 false security guards working in sensitive positions have been arrested in Madrid, Toledo, Cuenca and Badajoz. The National Police arrested the 55 who have all be established to have been working fraudulently, and some with jobs looking after explosives or acting as bodyguards. A statement from the National Police said those arrested lacked the necessary preparation for the work and were employed because of falsified qualifications. Some...

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The Spanish Government is to increase the tax on diesel vehicles

 The Spanish Government has revealed that it wants to increase the tax on diesel vehicles because they ‘contaminate more’. The change will be a modification on the vehicle matriculation tax. The Secretary of State for the Environment, Federico Ramos, gave the news after meeting with the environment experts and said that in principle the regional administrations are in agreement. The local City and Town Halls say they now want to first analyse...

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The ex Mayor of Alcaucín in Málaga, José Manuel Martin Alba, who was arrested for a second time with seven other people

The ex Mayor of Alcaucín in Málaga, José Manuel Martin Alba, who was arrested for a second time with seven other people on Tuesday in the ‘Tristan case’, which comes from the ‘Arcos operation’, made a statement on Wednesday to the investigators of the UCO central operations unit of the Guardia Civil. La Opinión de Málaga reports that he denied knowing the land registry civil servants that he allegedly manipulated with false data to obtain the classification...

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Goldman Sachs director quits 'morally bankrupt' Wall Street bank

 A Goldman Sachs director in London has resigned after publishing a devastating open letter accusing senior staff of being "morally bankrupt" and bent on extracting maximum fees from clients by offloading unsuitable investment products. Greg Smith, who has left his post as executive director of the firm's equity derivatives business in Europe, claimed that chief executive Lloyd Blankfein and president Gary Cohn have "lost hold of the firm's...

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Escaped prisoner Anthony Downes arrested and held in Amsterdam

 Anthony Downes, who was arrested in Amsterdam, escaped from a prison van while being transported from HMP Manchester to Liverpool Crown Court in July last year. He had been facing trial for conspiracy to possess firearms with intent to endanger life and conspiracy to cause damage with intent to endanger life. He was convicted in his absence at Woolwich Crown Court and is due to be sentenced at the end of this week. Downes, 26, featured as...

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Expats in Spain warned of faulty hip replacements

Therapist Carol Duquemin, 59, decided to act after being forced to have her hip replacement removed after just four months. Duquemin – whose ordeal came after the manufacturer recalled the faulty product in 2010 – has teamed up with free health care service Medilink to provide advice and support to expats. “Up to 9,000 people in Spain could have been affected by the implants,” Duquemin said. “People are still not aware of the problem and the danger...

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Rebekah Brooks and husband arrested in phone hacking inquiry

REBEKAH Brooks and her racehorse trainer husband are among six suspects arrested today by detectives investigating allegations of phone hacking at News International. The former News International chief executive and Charlie Brooks were arrested at their Oxfordshire home on suspicion of conspiracy to pervert the course of justice, sources said. Police are searching several addresses after dawn raids also took place in London, Hampshire and Hertfordshire,...

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Dutch activist arrested in Morocco

 A young Dutch-Moroccan activist was arrested in Morocco on Monday. The Dutch Foreign Ministry has confirmed the detention of Yuba Zalen to Radio Netherlands Worldwide. Mr Zalen is a member of the 20th of February movement, a young protest group inspired by the Arab Spring and calling for greater democracy in Morocco. He was in Morocco to report on the unrest in the northern town of Ait Bouayach, where dozens have been injured in clashes with...

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Revolt in the city of Bni Bouayach in the mountainous area of the Northern Rif in Morocco

The city of Bni Bouayach in the mountainous area of the Northern Rif in Morocco has been sealed off since Wednesday, March 8. All the repressive organs of the state, the army, the gendarmerie together with the secret and public police, have joined forces to blockade the small city. The inhabitants live in fear of police terror and the raiding of houses and arrests. Other repressive forces are hunting down activists who fled into the neighbouring...

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Moroccan appeal court confirmed a death sentence

A Moroccan appeal court confirmed a death sentence Friday against the mastermind of the April 2011 Marrakesh bombing that killed 17 people, and handed a death sentence to one of the others convicted.The chief judge of the court confirmed the death sentence against Adil Al-Atmani, the mastermind of the bombings, in which 17 people -- Moroccans, French and Swiss nationals --...

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Protests Spread in Morocco's North Rif Mountains

Anti-government protests in Morocco's impoverished northern Rif mountains are spreading after a second village clashed with police resulting in serious injuries and 10 arrests, reported the state news agency. For the past 10 days, there have been demonstrations in the small village of Beni Bouayache following the arrest of a local activist. On Sunday they spread to the nearby town of Imzouren. The state news agency said a number of police were...

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Leon Max is one of a clutch of rich Russians buying up chunks of Britain. And now, he is is launching an assault on the country's smart set

Leon Max (right in the first picture) with his gamekeeper-cum-head groundsman Roy Goodger (far left). Katia Elizavora (right) is a model and face of Leon's fashion line. She was spotted at the age of 14At the end of a long green alley stands a mini-Versailles, nine windows wide, approached by a pair of billowing stairs. Cream stone façade, stone lions caged on the roof...

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