Valuable Opinions, Comments & Gossip
Latest News, Stories
& Hot Topics
Tools & Widgets to
help with finances
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Nobody is seemingly immune to the effects of Spain's recent austerity measures and cuts to public spending, with a lack of funding at the Ministry of Defence resulting in the new S 80A submarines being delayed by up to 2 years.
Initially scheduled to be handed over to the Spanish Navy in 2013, the first S 80A will now be delayed until 2015.
A further three submarines will follow at the rate of one per year, which will now mean that the contract will not be fulfilled until 2018.
The Spanish Military has suffered with the defence budget being reduced over the last three years, being reduced by 7 Million Euros in 2011 alone.
Although there has been no official statement from the Ministry of Defence, state owned ship builder, Navatia, have commented that the change to the schedule is specifically at the request of the client as opposed to operational delays. Work was previously delayed for a number of months on SPS Galerna (S 71) as Navantia waited for a guarantee of payment from the Ministry in order that they could complete their payments to subcontractors.
