News, November 2011

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November 30th, recent news round-up

Big bounce in markets this week as 'Merkozy' and the central banks have got together to promise stabilisation in the markets - BBC; Catalan finance secretary suggests means testing public health - or rather that over a level of income private health insurance be compulsory - El País; commission reporting on Valley of the Fallen Civil War monument calls for Franco's body to be removed - Telegraph; president elect Mariano Rajoy keeping his head down ahead of the changeover just before Christmas - his election is dependent on the approval of the new parliament once it convenes on 13th December; socialists call February congress to plan future and elect new leader - El País.

Other recent news includes: 17th: General Elections this Sunday! Results as they come in here. Alarm as Spanish debt price rises above 7% - BBC, El País, BBC's Robert Peston on the crisis... or football?; broke: Balearic regional government borrows €100 million from Banco Santander to pay immediate bills (and lots left by previous regime) and salaries - El País background; giant sahara solar project to power Spain - El País; 15th: Last week of election campaign - El País editorial, - BBC finance outlook, Rajoy interviewed in El Mundo says he is willing to listen to parties to take hard decisions; medics in Catalonia on strike today and tomorrow 'to protect public health system'; Treasury must today place €3.5 billion at historic maximum price - Telegraph; Spain's worst environmental disaster - 9 years after sinking of oil tanker Prestige off Galicia's 'Death Coast' (on 13th-17th November 2002), court concludes preparation of case to be tried; October inflation (CPI) 3%; 2 Britons die in Mallorca helicopter crash - Telegraph.

11th: Economy officially frozen - 0% GNP growth in Q3 - BBC, INE pdf figures, El País; The Economist likes Spain - for a change- and its efforts to survive the crisis; new undersea volcano continues to affect El Hierro, Canaries, with 4.6 quake today - Telegraph; 10th: EU lowers Spain forecast to 0.7% growth this year, compounding fears of recession, failure to meet debt targets, etc.. - Spain badly hit by Italy jitters, possibly next target for crisis - BBC, El País, Telegraph; 8th: Leadership TV debate sees few ideas to get Spain out of hole - BBC, El País; 3 aid workers kidnapped in Mali -El País; Catalan doctors to strike on 15th and 16th over health service cuts - El País; Bank of Valencia needs rescue - El País; oil major Repsol makes big find in Argentina - BBC; 7th: EU threatens €1bn fine if unemployment not brought down; Ryanair takes last flight out of Reus airport and turns off lights; film maker fined over helmet-free Larry Crowne poster Guardian; El Prado holds hermitage exhibition BBC.

4th: General Election campaign starts with survey forecasting landslide for conservative Partido Popular, currently in opposition - BBC, El País; Lufthansa sells BMI to Spanish based IAG (owner of Iberia and BA), subject to monopoly check - BBC; ; 3rd: unemployment rises again, to 21.5% - El País; Javier Bardem signs as next Bond villain - El País; 2nd: property loans fall almost €5bn to 11% of bank sector capital in first half - but slower than ideal - El País 1st: shepherds take advantage of holiday weekend to exercise right to walk flocks through central Madrid - Telegraph.

October 28th: EAPS population survey reveals unemployment in 3rd quarter close to 5 million - EAPS-pdf - only industry bucks the trend to shed jobs - El Pais
21st: ETA announces the end of activity - El País, Telegraph, full text BBC, Guardian picture gallery, Zapatero reaction - BBC, The Economist.

Earlier news headlines: click here.
Sources: a variety of news services, including El Mundo, Europa Press, TVE, TVC and IB3, plus links
Also look up El País in English
We especially recommend checking out the Spain sections in The Guardian and The Daily Telegraph. In particular, note the New Europe series in The Guardian, March 2011.