Profits slide at Spain’s Banco Santander as it tries to clean up its real estate portfolio

 Spain’s Banco Santander saw its fourth-quarter net profits plunge 98 percent after it took a €1.8 billion ($2.4 billion) charge to clean up bad real estate loans caused by the Spanish property crash. Europe’s largest bank by market capitalization said Tuesday that net profits fell to €47 million for the quarter that ended in December, down from €2.1 billion in the same period a year earlier. 0 Comments Weigh InCorrections? inShare Without...

Spanish airline Spanair ceases operations after running out of funds

 Spanair ceased operations late Friday after a regional government in Spain announced it could no longer fund the airline, officials said. Spanair’s financial woes were exacerbated by a 2008 crash that killed 154 people. Eighteen people survived what was Spain’s worst aviation disaster in 25 years. In a statement, the airline said its “last commercial flight will land at” 10 p.m. (2100 GMT) on Jan. 27. 0 Comments Weigh InCorrections? inShare...

number of complaints against lawyers have been ignored by the Malaga Law Society.

One Marbella legal company Lawbird confirmed that it had made several complaints to the self-regulatory body about malpractice that have gone unheard.One of these involves a commoner passing herself off as a lawyer.Another property buyer is now being forced to take separate legal...

Spain Plans Budget Law as Drug Firms Owed $8.4 Billion by States

 Spain pledged to set spending limits for regional governments in a new law tomorrow as the country’s pharmaceutical lobby said the regions owe companies $8.4 billion for drugs. The People’s Party Cabinet plans the budget-stability law to flesh out a constitutional amendment that the party helped the former Socialist government pass in September. Budget Minister Cristobal Montoro said “early warning” and “automatic correction” systems will...

Tony Blair agreed to a secret deal to hand joint sovereignty of Gibraltar to Spain, according to explosive claims by a former Labour cabinet minister.

:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder. Peter Hain reveals in his memoirs that he struck the deal with the Spanish government in 2002 to end the UK's 300-year control of the vital...

RUSSIAN Prime Minister, Vladimir Putin, is not planning to buy a property in Marbella, Benhavis or anywhere else on the Costa del Sol.

 This was revealed exclusively to EWN by the Prime Minister’s press office which rubbished widespread reports in the Spanish and at least one local English language newspaper. Citing Spanish gossip magazine Vanitatis, these reports claimed Putin was ‘keen to snap up’ a mansion in La Zagaleta, Benhavis, described as ‘Europe's most exclusive residential development’, according to lazagaleta.com. Several reports said Putin was convinced to buy...

The King of Spain is a serial womaniser who once made a pass at Princess Diana while she was on holiday with Prince Charles, a book has claimed.

It also alleges that Juan Carlos is a ‘professional seducer’ who has had numerous affairs and has not shared a bed with his wife for the past 35 years.And it reveals that age has not stopped  the 74-year-old, with the monarch regularly receiving vitamin injections and anti-ageing...

Crash and burn time for Spain's crusading judge?

 He indicted late Chilean dictator Augusto Pinochet on genocide charges and became an instant hero to many around the world. A decade later he launched a similar crimes-against-humanity probe over atrocities by the right-wing victors of Spain's Civil War. Now Judge Baltasar Garzon is finding himself in the dock. On Tuesday, Garzon goes on trial for allegedly ordering illegal jailhouse wiretaps in a domestic corruption probe. A week later he...

3 ETA suspects arrested in France

    French police acting alongside Spanish counterparts have arrested three men at a railway station in France on suspicion of belonging to Basque separatist group ETA, the Interior Ministry said Sunday. One of those arrested in Joigny, 150 kilometers (93 miles) southeast of Paris, was identified as 33-year-old Jon Echeverria Oyarbide, for whom there is an international arrest warrant. Police said he was in possession of material...

Anthony Read was found dead in the sea in the port town of Puerto De La Duquesa

Anthony Read was found dead in the sea in the port town of Puerto De La Duquesa – on the country’s Costa del Sol – the morning after a night out drinking with friends in March last year.Yesterday, at an inquest, mum and dad Jacqueline Jenkins and Martin Read criticised the investigation into the tragedy carried out by the authorities in Spain.Anthony, 33,  had visited a number of pubs during the evening and took a taxi back to a pal’s home ten...

Ciudad de la Luz film studios in trouble in Alicante

 Another of the large projects in the Valencia region is in trouble as the company which runs the Ciudad de la Luz film studios in Alicante, Agua Amarga de Gestión S.L., has applied for bankruptcy protection. It comes as the regional government has failed to pay four million € as the promoter of the project. Mercantile Court 2 in Alicante accepted the application on December 16 2011. The centre has amassed a total debt of more than 190 million...

Iberia pilots announce more strike action

 Pilots from the SEPLA union who work for Iberia have announced three more days of strike action on January 25, 27 and 30. It follows four days of previous action in protest at the plans by Iberia to establish a new low-cost carrier, Iberia Express. SEPLA say that they have picked the dates with care, so as not to affect the Spanish tourism fair, FITUR, which runs in Madrid between the 18th and 22nd of this month. Meanwhile cabin crew and...

The Decree to regularize houses in Andalucia

 According to Hillen “It’s possible that this fireworks display will dazzle some but if you look at the detail of the Decree you will see that it does not help those with ongoing court proceedings, where perhaps the majority could face the chop”. “If what the Junta wants is more cases like the Priors, the decree certainly does nothing to prevent that” she added. “Actually, I sometimes despair at how little the administration is in contact...

Government to bring in changes to the 'Ley de Costas'

 The current and controversial ‘Ley de Costas’ has been in force since 1988 with hardly any modifications. Now the new Minister for Agriculture, Foodstuffs and the Environment, Miguel Arias Cañete, has indicated that ‘very deep reforms’ are on the way to bring value to the coast. El País reoprts that at an event to welcome top civil servants in his department, he gave a speech which indicated that the environment cannot stop economic development,...

SHIP AGROUND: COAST GUARD CONFIRMS 3 DEAD

 At this time, 3 people are confirmed dead in an accident involving the cruising ship Costa Concordia. The ship left Civitavecchia for Savona yesterday at 7:30 PM and ran aground near the Isola del Giglio. According to Coast Guard sources, the situation is still confused. The ship has been boarded by Coast Guard rescue personnel, firefighters and a Costa officer and checked top to bottom to confirm that everybody has been evacuated. A portion...

'Six feared dead' and thousands evacuated as cruise ship hits rocks off coast of Italy

 Holidaymakers from France, Italy, Germany and Britain were forced to flee the 1,500-cabin Costa Concordia in lifeboats when it hit a reef less than two hours after leaving port. Some leapt overboard and swam to shore as the ship started to sink into the waters near the island of Giglio, off the Tuscan coast. Francesco Paolillo, the coastguard spokesman, said that at least three bodies were retrieved from the sea and at least three more were...

Paul Simon's music takes meandering spiritual journey

 Paul Simon says there's always been a spiritual dimension to his music. But the overt religious references in his most recent album, So Beautiful or So What, surprised even him. There are songs about God, angels, creation, pilgrimage, prayer and the afterlife. . Simon says he has many questions about God and explores them through his music. Enlarge By Todd Plitt, for USA TODAY Paul Simon performs at Ground Zero during a 10th anniversary ceremony...

Two air passengers met by police over heated bust up after teenager 'reclined his seat'

 A furious row broke out between two passengers on a packed jumbo jet after one reclined his seat as the man behind was about to eat. The pair almost came to blows at 40,000ft as shocked travellers looked on. It started when an 18-year-old sitting in economy class moved his seat back to sleep. Air rage: The drama happened on board an Emirates 517-seat Airbus A380 - the world's biggest commercial airliner - from Dubai into Manchester Airport...

Gold treasure trove and millions in cash seized from Colombian drug dealers in Spain

 A National Police operation has seized more than 4 million € in cash and a treasure trove of gold ingots from a group of drug traffickers based in the north west of Madrid which was finalising a deal to sell off half a ton of cocaine. Three suspects from Colombia have been arrested, who also face charges of money laundering. The Interior Ministry said in a press release on Tuesday that the drugs were brought into Spain by air and the laundered...

Suspect arrested over woman found murdered in Fuengirola

 An arrest has been made in the case of the woman who was found dead, wrapped in plastic and a blanket, beneath a bridge in Los Boliches, Fuengirola, on Monday morning. She was identified as E.U.G, a woman who was born in Almería in 1980. She is believed to have been killed last Saturday, two days before her body was found. The autopsy has now confirmed the cause of death as asphyxiation, and it’s understood there were also signs that she had...

AIFOS boss now admits paying Juan Antonio Roca

 Another twist in the Malaya case with the owner of the real estate promoter, AIFOS, Jesús Ruiz Casado, telling the court on Wednesday that, despite his declaration on Tuesday that he had never made any payments to the Marbella Municipal Real Estate Assessor, Juan Antonio Roca, that in fact he did make the payment ‘of some amounts’ through his commercial director, Francisco García Lebrón. Casado explained that he had found a 135,000 € mismatch...

the secret of the Costa del Sol got out to the world, in a big, big way

 .The mid-Andalusian coastline began to lure Northern European types, weary of their long, dark winters and eager to bask in the region's ever-present sunshine. First came the super-rich and famous (think Audrey Hepburn, Cary Grant, and Laurence Olivier), after Prince Alfonso of Hohenlohe-Langenburg opened the aristocratic Marbella Club in 1954. The demi-rich and B celebs followed, and gradually the masses—as is their wont—caught wind of the...

Switch to olive oil for better health

 Indian households should completely switch to olive oil as a cooking medium as its nutritional value is very high, it is rich in monounsaturated 'good' fats and, when used daily, can bring instant and easy wellness to a family's diet, celebrity chef and noted cookery expert Nita Mehta says. "Even though we have such a wide range of olive oils in our market, people don't seem to use them because of their mental block that the flavour of olive...

Trial begins in giant Spanish corruption scandal

 top Spanish former official went on trial Monday at the start of legal proceedings into a raft of corruption scandals in which King Juan Carlos' son-in-law is also accused. Jaume Matas, the ex-head of the regional government of the Balearic islands who had also served as environment minister, appeared at a court in Palma de Majorca alongside three other suspects. They have been charged with embezzlement, fraud, falsifying documents and influence...

Santander Chairman Botin, Brother Lose Appeal in Spain Tax Case

 Banco Santander SA Chairman Emilio Botin lost a bid at Spain’s National Court to block three groups’ ability to file complaints against him over accusations he broke national tax laws by hiding funds in Switzerland. Appeals by Botin, his brother Jaime Botin and other people contesting a November decision to allow the complaints by the three groups were rejected, the Madrid-based court said today in a ruling sent by e-mail. In Spain, any citizen...

Spanish Home Sales Decline for the Ninth Straight Month as Economy Shrinks

 Spanish home sales declined in November for a ninth month as the economy contracted and unemployment surged. The number of transactions fell 14.4 percent from a year earlier, the National Statistics Institute in Madrid said in an e-mailed statement today. Prime Minister Mariano Rajoy, the People’s Party leader whose government took over from the Socialists on Dec. 22, has said he will restore a tax rebate for the purchase of homes to spur the...