THE GOVERNMENT PUTS PRESSURE ON MAJOR BANKS

Moncloa wants banks to join 'bad bank'

E. S. / M. L. (Thursday, September 20, 2012) .- From the Moncloa, the headquarter of the Spanish government, pressure is increasing on the major Spanish banks, following their initial rejection, to participate with capital in the ‘bad...

DUE TO LACK OF LIQUIDITY IN THE BANKING SYSTEM

Worst credit crisis in Spain since 2008

Eduardo Segovia (Monday, September 17, 2012) .- "Credit flow is like the circulatory system in a human body; one can be doing very well, but if the blood is not flowing, there is a problem,” Spain’s Prime Minister Mariano Rajoy said...

PRIVATE CAPITAL MUST REACH 50 PERCENT TO AVOID PUBLIC DEBT

Strong investors turn down ‘bad bank’

Eduardo Segovia (Friday, September 7, 2012) .- The Spanish government’s plan for the so-called ‘bad bank’ to attract a majority of its capital from private investors seems to be running into trouble already. ...

MANY CENTRAL BANK SERVANTS LEAVE IN MIDDLE OF BANK RESCUE

Bank of Spain servants leave their jobs

GROSS DOMESTIC PRODUCT FELL BY 1.3 PERCENT IN A YEAR

Spain’s economy in sharp decline

Government limits help to shareholders

Treasury needs another €40bn this year

Overprice on toxic assets part of rescue

Europe's business backbone looks abroad to survive

PARADOXICAL RESULT OF FISCAL AMNESTY

Fiscal amnesty brings in many tax evaders but less money than expected

Eduardo Segovia (Tuesday, September 18, 2012) .- The fiscal amnesty launched by the Spanish government in order to regulate capital gains hidden from the tax authorities will have a paradoxical result. It will be successful when it comes to the capital...

ACCORDING TO THE EUROPEAN CENTRAL BANK'S NEW PLAN

Spanish debt can be used as collateral even at ‘junk bond’ level

Eduardo Segovia (Monday, September 10, 2012) .- The Spanish government will not only benefit from the new bond purchase program, announced by the European Central Bank on Thursday – known as the outright monetary transactions,...

HUGE CASINO AND HOTEL COMPLEX OUTSIDE SPANISH CAPITAL

Eurovegas likely to be placed in Madrid

Marcos Lamelas (Thursday, September 6, 2012) .- The US casino mogul Sheldon Adelson, chairman of Las Vegas Sands, holds an extra board meeting for two day on Thursday and Friday in Nevada to decide whether Eurovegas, a huge hotel and casino complex,...

ALMOST 5 PERCENT OF JOBS DISAPPEARED

About 800,000 jobs lost in a year

STATE GUARANTEES MAY BE INCREASED TO €258BN

Another €41bn to the banking sector

Housing sector wants piece of bad bank

Bank mergers lead to drastic job losses

German minister optimistic about Spain

Number of firms in Spain hits 5-year low