How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations across Spain, online or residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Don Quijote has a program to suit your needs!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily brief -Thursday 23 February 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
Valcárcel Denies Murcia Bailout
Over the weekend, it was revealed that the Murcia Regional government had requested a bailout from central government of up to €300 million, a revelation which Ramón Luis Valcárcel, president of the region vehemently denies.
In an interview with 'La Verdad' last night, Valcárcel stressed his comments made in an interview with 'La Opinion' were taken out of context and ultimately led to news agencies around the world reporting Murcia being the second region in Spain requesting a bailout.
Speaking to 'La Verdad', Valcárcel insisted that "the regional liquidity fund is not a bailout fund or rescue package, but an alternative mechanism of financial assistance in which regions can be financed with state guarantees". He was very clear that this fund is not a bailout mechanism nor using it is any kind of rescue.
In a statement issued yesterday in the wake of the bailout news, Valcárcel stressed "No decisions had been made about seeking finance from the regional liquidity fund".
Despite the rhetoric of denial, non bailout and non rescue, the very fact that Valcárcel and his regional government are mulling over the idea of dipping into the "alternative mechanism of financial assistance" signals Murcia is likely to take a regional bailout and everyone will see it that way.
Tumbit reported yesterday how the timing of the news comes as a coincidence after revelations that the regional government are liable as guarantors to bank loans given to the consortium constructing Corvera Airport - Read our report here >> "Corvera Airport Hits Financial Hurdle"
Spain is in a critical situation being heavily dependent on financial markets. Spain's borrowing costs are at an all time high and experts believe a full blown bailout is inevitable.
Latest News & Stories
- Five women killed in four days as gender violence spikes in Spain
- Spain struggles with spike in migrant arrivals at North African exclave
- New Route Manchester - Seville
- How millions of Spanish fans are watching pirated soccer on Facebook Live
- Spain says butane gas-bottle truck theft not terrorist related
- Facebook user faces €30,000 fine for posting video of Spanish policeman
- Hundreds of migrants cross into Spain's Ceuta in second wave in 3 days
- Spain will drop out of the world’s 25 largest economies by 2050
- Brexit Worry as Spain Predict Financial Disaster
- 'That bus has gone' - EU sees no Brexit U-turn now
- Dacion en Pago : Handing Your Property Back to the Bank
- Complementary Taxes
- When you can’t pay the Mortgage