How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
... Telefonica are NOT the only service provider of Telephone Lines, Internet Access or Mobile Phones?
Tumbit recommends Telitec Communications. Find out how Telitec Communications can help you here!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- USD weekly currency update-28 April 2017
- 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
- Wincham announce opening of Marbella office
- 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
Spain expected to ask for financial assistance
The new government is considering applying for loans from the EU's rescue fund and the IMF to finance the restructuring of the country's financial industry, Spanish newspaper Expansion is reported this morning, citing unnamed sources close to the matter.
The Spanish Ibex 35 equity benchmark is now one of the worst performers on the continent, falling 1.40% to the 8,611.30 point level.
Santander shares also fell by 4.35% to reach the €5.76 mark. However, this may also be down to new shares issued by the Bank as part of a convertible bond exchange being launched today.
Meanwhile, shares of Spain's second largest Bank - BBVA - fell 3.29% to reach €6.61.
Only yesterday Goldman Sachs economists were reported as deeming it necessary that the new government should clarify whether the restructuring of the Spanish financial sector will require new government resources.
Fitch's credit ratings agency also came out with a slightly pessimistic report on the country´s growth outlook for 2012, cutting its GDP projection for the year from 1.5% to 1.0%. Economists at Goldman Sachs, on the other hand, see the Spanish economy contracting by 1.5%.
Latest News & Stories
- Five Spanish regions among EU’s top 10 unemployment black spots
- Pensioners miss flight to Spain after being abandoned in Airport
- Britons buy fewer houses in Spain after Brexit vote
- Almost 28% of Spanish population at risk of poverty or social exclusion
- Bank of Spain says structural reforms needed to further reduce deficit
- Brexit takes its toll on Spanish property market
- Spain’s “golden visa” scheme brings in €2.16 billion in first three years