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    <description>en.elConfidencial.com - The influential newspaper in Spain</description>
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	<title>en.elConfidencial.com</title>
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	<lastBuildDate>Wed Oct 17 12:00:08 UTC+0200 2012</lastBuildDate> 
<item>
	<title>About 900,000 industry jobs lost</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/25/about-900000-industry-jobs-lost-307]]></link>
	<description>Carlos Sánchez.- The statistics give a clear picture: these are bad times for Spain&amp;rsquo;s industrial sector and things are not getting better.   The figures don&amp;rsquo;t reflect the prevailing economic situation at a specific   ...</description>
	<author>Carlos Sánchez</author>
    </item><item>
	<title>Moncloa wants banks to join &amp;#039;bad bank&amp;#039;</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/20/moncloa-wants-banks-to-join-bad-bank-304]]></link>
	<description>E. S. / M. L..- From the Moncloa, the headquarter of the Spanish government,&amp;nbsp;pressure is increasing on the major Spanish banks, following their initial rejection, to participate with capital in the &amp;lsquo;bad bank,&amp;rsquo;   ...</description>
	<author>E. S. / M. L.</author>
    </item><item>
	<title>Fiscal amnesty brings in many tax evaders but less money than expected</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/18/fiscal-amnesty-brings-in-many-tax-evaders-but-less-money-than-expected-300]]></link>
	<description>Eduardo Segovia.- 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 that will   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Worst credit crisis in Spain since 2008</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/17/worst-credit-crisis-in-spain-since-2008-298]]></link>
	<description>Eduardo Segovia.- ·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,&amp;rdquo; Spain&amp;rsquo;s Prime Minister Mariano Rajoy said in an interview   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Spanish debt can be used as collateral even at ‘junk bond’ level</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/10/spanish-debt-can-be-used-as-collateral-even-at-junk-bond-level-287]]></link>
	<description>Eduardo Segovia.-                     The Spanish government will not only benefit from the new bond purchase program, announced by the European Central Bank on Thursday &amp;ndash; known as the outright monetary transactions, OMT.   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Strong investors turn down ‘bad bank’</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/07/strong-investors-turn-down-bad-bank-285]]></link>
	<description>Eduardo Segovia.-                  The Spanish government&amp;rsquo;s plan for the so called &amp;lsquo;bad bank&amp;rsquo; to attract a majority of its capital from private investors&amp;nbsp;seems to be running into trouble already.&amp;nbsp;   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Eurovegas likely to be placed in Madrid</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/09/06/eurovegas-likely-to-be-placed-in-madrid-283]]></link>
	<description>Marcos Lamelas.- 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, will be placed   ...</description>
	<author>Marcos Lamelas</author>
    </item><item>
	<title>Bank of Spain servants leave their jobs</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/30/bank-of-spain-servants-leave-their-jobs-273]]></link>
	<description>Eduardo Segovia.- The Spanish central bank is experiencing an escape by its most valuable assets, its servants, which has accelerated over the last weeks. More than 20 have left since the beginning of the year, which is about 10 percent   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>About 800,000 jobs lost in a year</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/29/about-800000-jobs-lost-in-a-year-271]]></link>
	<description>Eduardo Segovia.- In the second quarter of the year, Spain&amp;rsquo;s economy shrunk by 1.3 percent year on year. However, these may not be the most negative numbers. In a year, about 801,000 jobs disappeared, which equals a loss   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Spain’s economy in sharp decline</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/28/spains-economy-in-sharp-decline-269]]></link>
	<description>E. Segovia / Agencies.- Spain&amp;rsquo;s economy continued to shrink during the second quarter, even at a higher speed, with a decline of 0.4 percent compared to the previous quarter and a year on year decline of 1.3 percent.&amp;nbsp;   ...</description>
	<author>E. Segovia / Agencies</author>
    </item><item>
	<title>Another €41bn to the banking sector</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/28/another-41bn-to-the-banking-sector-268]]></link>
	<description>Eduardo Segovia.- The government has increased the amount available for state guarantees by over &amp;euro;40bn in 2012, which are primarily used to guarantee emissions from financial entities or the FROB, the state backed bank rescue   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Government limits help to shareholders</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/24/government-limits-help-to-shareholders-266]]></link>
	<description>Eduardo Segovia.- The 150,000 savers   most small savers   who are trapped with preference shares in one of Spain&amp;rsquo;s four nationalized banks will not have any possibility to get all their money back, if the government approves   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Housing sector wants piece of bad bank</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/21/housing-sector-wants-piece-of-bad-bank-262]]></link>
	<description>Eduardo Segovia.- The &amp;lsquo;bad bank&amp;rsquo; is not only a solution that will help the financial entities to get rid of their toxic assets. It could also help save a large number of other companies that suffer from the effects   ...</description>
	<author>Eduardo Segovia</author>
    </item><item>
	<title>Treasury needs another €40bn this year</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/16/treasury-needs-another-40bn-this-year-256]]></link>
	<description>Eduardo Segovia / Agustín Marco.- When it comes to cash flow, the situation in Spain is complicated but not desperate. According to sources close to the Ministry of Economy, the Treasury currently counts on liquid assets of about &amp;euro;25bn,   ...</description>
	<author>Eduardo Segovia / Agustín Marco</author>
    </item><item>
	<title>Bank mergers lead to drastic job losses</title>
	<link><![CDATA[http://en.elconfidencial.com/economy-business/2012/08/15/bank-mergers-lead-to-drastic-job-losses-253]]></link>
	<description>Marcos Lamelas.- Spain used to have one of the highest concentrations of banks in Europe. The financial crisis, however, has forced a change at a high speed.     Since 2009, a total of 45 savings banks have merged or have been taken   ...</description>
	<author>Marcos Lamelas</author>
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