Search Results for: Spain

Spain & Catalonia headed for a collision course

Spain Catalonia Madrid Barcelona collision course

The Catalan crisis is nearing its culmination as Madrid and Barcelona make bold moves against each other, increasing the possibility of a violent conflict and “tanks on the streets” of Catalonia, politicians and analysts warn. Friday’s events in Spain represents the rubicon – with the Catalan Parliament unilaterally declaring independence …

Read More »

Ex-IMF boss arrested for tax evasion and money laundering

Rodrigo Rato

Rodrigo Rato, who led the International Monetary Fund from 2004-2007, was arrested in Spain last night over allegations of tax evasion and money laundering. An influential figure in Spanish banking and politics, Rato was the predecessor of IMF chief Dominique Strauss-Khan, who left office under a cloud of legal troubles …

Read More »

Activists stage first ever hologram protest against gag laws

Holographic protest

People across the world took part in a unique protest against the Spanish law that limits the rights of the public to rally. No one attended the virtual march, but holograms of protesters were projected outside parliament in Madrid instead. Activists have recently launched a petition against the Citizen Safety …

Read More »

Spain to tax bank deposits

Bank robbing depositors

Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country’s cash-strapped autonomous communities. The regulation, which could bring around 400 million euros ($546 million) to the …

Read More »

Benjamin Netanyahu faces arrest in Spain

Benjamin Netanyahu

Should Israeli Prime Minister Benjamin Netanyahu ever set foot inside Spain, he—and six other current and former Israeli government officials—will be subject to arrest, thanks to a Spanish judge who effectively issued an arrest warrant for the group late last week. As to be expected, the Israeli Foreign Ministry was less …

Read More »

80% of Catalonians want independence from Spain

Catalonia Spain independence

An overwhelming majority of Catalans have said “yes” to independence and secession from the central Spanish government in Madrid in a highly-anticipated but symbolic referendum poll on Sunday. Some 80.72 percent voted to form a state independent of Spain, Joana Ortega, vice president Catalonia said shortly after midnight, with over …

Read More »

Bankrupt Spain to spend €1bn on riot gear

Spain riots

The Spanish government intends to spend nearly 1 billion euro on police riot gear, despite the country’s debt rising by 58 billion euro over the last year. Authorities worry about widespread protests they believe will grip the nation in the autumn. Students chant during a demonstration on the second day …

Read More »

Catalonia’s parliament backs move to split from Spain by 2017

Catalonia independence from Spain

Catalonia’s regional parliament has backed a declaration on Monday to start a formal secession process from Spain. The region plans to establish autonomous rule by 2017. The declaration on secession, which launches a so-called roadmap towards independence, was backed by a majority in the regional parliament. The motion was passed by …

Read More »

Nationwide Spanish protests turn violent (PHOTOS, VIDEO)

Spanish police have clashed with protesters who marched against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. Violence erupted in Madrid around midnight. Police used rubber bullets and tear gas to …

Read More »

Barcelona plans to introduce its own currency and bank notes

barcelona-spain-currency-bank-note-money

The city of Barcelona is preparing to move forward with a plan to introduce its own currency, despite warnings from Spain’s central bank. The new so-called “social currency” would be used to buy local goods and services at a discount while having a one to one parity with the euro. …

Read More »

Farage on the Spanish bailout: “a reinforcement of failure”

While the short-term benefits can be weighed against any long-term solution a number of ways, Nigel Farage provides not just the most colorful summation of situation but also the most succinct when he refers to the ‘madness’ of ‘intervention to keep the Euro alive’ as “reinforcement of failure”. The better, and …

Read More »

Spanish royals engulfed in financial scandal

Royalty spanish

As a financial scandal engulfs the royal family and politicians begin to call for his abdication, Spain‘s King Juan Carlos faces one of the worst weeks in his 37-year reign, with prosecutors set to ask a judge to formally name his daughter Princess Cristina as a suspect in a multimillion-euro fraud and …

Read More »

Massive anti-govt protests grip Spain

Protest spain

People raise their hands and shout slogans as they take part in a protest outside the People’s Party (PP) headquarters in Madrid July 18, 2013. In 30 cities across Spain thousands of people protested government corruption and called for Prime Minister Mariano Rajoy’s resignation. In solidarity with the demonstrations, hacktivist …

Read More »

Over a million protesters demand Catalonian independence from Spain

A million and a half people took to the streets of Barcelona, according to police estimates, to demand independence for the autonomous Spanish region of Catalonia as the country as a whole faces crippling debt. At least one train and more than 1,000 coaches were chartered to bring supporters from …

Read More »

400,000 year old human DNA found in Spain

Human Ancestor DNA 400000 years old

An artist’s interpretation of the hominins that lived near the Sima de los Huesos cave in Spain. Scientists have found the oldest DNA evidence yet of humans’ biological history. But instead of neatly clarifying human evolution, the finding is adding new mysteries. In a paper in the journal Nature, scientists reported Wednesday …

Read More »

Day 2: people of Spain unite and occupy criminal government

Thousands of Spaniards have returned to Madrid’s Plaza de Neptune to protest the latest, highly contentious wave of austerity measures, following a violent police crackdown on Tuesday. For the second day running, thousands of demonstrators led by the so-called indignados, or outraged, descended on the square – some 100 meters …

Read More »

Brussels ready to back £80bn bailout for Spain

Decision taken following discussion about eurozone’s struggling economy Spanish minister said aid will not come with austerity conditions attached Move comes a day after Spain’s credit rating was downgraded David Cameron has said UK will not contribute funds to eurozone bailouts Euro falls and forecasters say it could hit seven-year …

Read More »

This is Europe’s scariest chart

Youth Unemployment Europe

Surging Greek and Portuguese bond yields? Plunging Italian bank stocks? The projected GDP of the Eurozone? In the grand scheme of things, while certainly disturbing, none of these data points actually tell us much about the secular shift within European society, and certainly are nothing that couldn’t be fixed if …

Read More »

“Ten Days Later” – Bankia: The Supreme Irony

The May 19 issue of The Economist had the following truly prophetic ad among its pages for the now failed, and bailed out, Bankia: “Some are happy the way they are, others, like us, prefer to discover what we can become.” Ten days later the discovery process is complete: Bankia is now the …

Read More »