Tag: Spain
Inaugurated the world’s largest solar plant in UAE
The world’s largest solar power plant was inaugurated today in Abu Dhabi, within a project, at a cost of 2,200 million dirhams ($ 600 million), in which the Spanish company Abengoa participates (ABGOY – News) . The plant, dubbed Shams 1 (sol 1), was inaugurated by UAE President Sheikh Khalifa bin Zayed al Nahyan, in [...]
European Countries Under Bailout
Cyprus on Saturday became the fifth country in the Eurozone under financial assistance after the bailouts granted to Greece, Ireland and Portugal, and the aid package for the financial sector in Spain. GREECE The amount allocated to Athens avoid bankruptcy amounts to over 380,000 million euros. This amount consists of two rescue plans. The first, [...]
Wall Street and the Ibex-35 leading a week of stock market euphoria
Global stock markets have experienced a week of euphoria, which has resulted in the four outer highs on Wall Street and in Spain, with a leading Ibex-35 increases across Europe and a significant reduction in the risk premium . Positive data, as the Japanese GDP last quarter, which was up 0.2% against -0.4% expected, the [...]
The EC Clears The New Spanish Amortization
The European Commission (EC) today gave its approval to the new Spanish regime anticipated amortization of assets acquired under finance leases, the conclusion can not be regarded as a form of state aid, which responds to the concerns of the shipping industry. The EC concluded that the new Spanish system of prepayment of the cost [...]
Spain expects to attract 9,000 million this week after the downgrade by Standard and Poor’s
The Treasury resumed this week debt issues with individual auction of letters and obligations with which expects to attract up to 9,000 million euros, the first after the reduction applied by the agency risk measurement Standard & Poor’s to Spanish sovereign debt . At the last auction held by the Treasury, on 4 October, 3.992 [...]
Sarkozy said that without reforms, France would be like Spain and Greece
French President Nicolas Sarkozy, candidate for reelection, has defended the economic reforms of his term because without them the country would be like Spain and Greece, and stressed that failure to strictly comply with the goals of deficit reduction, the types of debt will soar. “If we start hiring staff, if we spend, not that [...]
Iran Cuts Oil Supplies to Spain, According to Iranian Television
Iran has cut oil supplies to Spain, said today the official Iranian television in English, Press TV. A source at the Embassy of Spain in Tehran told that have not received “no official or unofficial communication” from the Iranian authorities about this may cut oil supplies. Press TV, citing “unnamed sources” Iranians, said: “Tehran has [...]
Rating Agency Believes that Portugal Will Fall
The U.S. rating agency Egan-Jones believes that the debt crisis in Europe is moving towards its peak, in which “Portugal fall safe” and Spain and Italy may suffer the same fate, as published today by the German newspaper “Frankfurter Allgemeine Sonntagszeitung. ” “When a country’s economy shrinks so significantly and at the same time the [...]
ECB President urges to the governments to implement the labor market reforms
The President of the European Central Bank (ECB), Mario Draghi, today urged various governments in the euro area, such as Spain, Italy and Greece, to implement the reforms announced in the labor market. At a press conference, Draghi said that financial markets expect that the governments of some countries in the euro area implement reforms. [...]
“Positive” the host of Europe to the Spain budget
Europe welcomed the toughest budget in the history of Spain, turned into the biggest financial concern of the continent, said Friday in Copenhagen, the Spanish Minister of Economy after meeting with their counterparts in the eurozone. “The reaction has been generally positive,” although the European Commission and EU partners are waiting for “specific details” of [...]
