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
- Daily Brief - Tuesday 3 December 2013
- Join us for FREE IHT advice in Murcia & Costa Calida
- Crime Pays (In Spain at least)
- Madrid : Spain's Fashion Centre
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Spanish Tourism Stats Confusion
- Wincham announce opening of Marbella office
- Unauthorised Financial Advisers in Spain : UPDATE
- Community Insurance in Spain
- Calendar Girls
- Own a Property in Spain ? Then you need to read the following
- Considerations when Insuring your Boat in Spain
Germany rejects bailout of Spanish Banks
Standard & Poor's downgrade of Spain does not change Germany's position on allowing Banks to have access to Europe's financial backstops.
Micheal Meister, a senior lawmaker from Chancellor Angela Merkel’s party commented “The German position is absolutely strict, and since such aid programs require unanimity, there’s not going to be any change. All sorts of people can try to set things in motion, but Germany won’t vote for it.”
Meister continued to say how it was “obvious” that there can’t be unconditional help from the European Stability Mechanism (ESM) for Spanish banks, and that the responsibility and liability should lie with its members, which are nation states, not banks.
The Deputy Chairman of the Christian Democrat party also said how “Spain doesn’t only have a problem with its banks. Spain has a problem with its banks, it has a problem with its budget and it has a problem with its economic situation, with its competitiveness too."
However, he confirmed that he was confident that Spain “can get by without external help, despite the rating agencies", but that he expected to see further European downgrades in the coming months.
Latest News & Stories
- Idea of an independent Catalonia gets a NATO no-go
- Expats fear being priced out of British housing market
- Family problems blamed for unsuccessful relocations
- Orange Spain Launches Xmas Smartphone Offers
- Spain Hints at Lower Income Tax
- Population of Spain Continues to Plummet
- Spain to work with big utilities on tariff debt relief
- Spain’s desperation: 20,000 apply for 400 IKEA jobs
- Spain Considers Catalan Compensation Tax
- Spain's consumer confidence improving
- How and where to complain about my Bank in Spain
- Bank guarantees - when things go wrong
- Bank Charges in Spain