Monday, October 27, 2008

Spanish Economy News October

Spanish banks solid, but economy feels crisis
Tuesday September 16, 11:40 AM


MADRID, Sept 16 (Reuters) - Spanish banks have minimal exposure to Lehman Brothers (NYSE: LEH - news) , and remain healthy, but worsening global financial market conditions will have an impact on Spain's economy, the Bank of Spain said on Tuesday.
The comments follow concerns smaller Spanish banks could be forced to seek fresh capital if the international financial crisis drags on and bankruptcies continue to soar in Spain's stricken property market.


'The direct impact of the Lehman bankruptcy for Spanish banks... To read the full story, please follow this link:


Spanish Coastal Property


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Economic News
Wednesday October 8, 11:56 AM
EU says told of Spanish banking sector plan


BRUSSELS, Oct 8 (Reuters) - Spain has informed the European Commission of its plan to stabilise the domestic banking system but it is not clear yet if it breaches European Union competition rules, the EU executive said on Wednesday... To read the full story, please follow this link:


Spanish Property for Sale


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Alicante looking for wheely big boost
Article Date : Friday, October 24, 2008


A London Eye-style big wheel has been proposed for Alicante in a bid to bolster the city's image, something that could interest those thinking of investing in Spanish property.


The Alicante Hostelry Association has said ...  To read the full story, please follow this link:


Property in Alicante


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Spanish Tourism Stable
October 2008


October 24th, 2008


Some 47 million tourists have visited Spain in the first nine months of 2008, a figure that has remained largely unchanged (-0.9%) y-o-y, according to the Ministry of Tourism and Trade.


Despite the slight drop in visitor numbers since September last year, figures of tourist activity in September itself show a drop of 5.9% down to 5.7 million last month, suggesting that economic conditions are starting to have an affect on tourism.


While Madrid reported the highest growth in tourist arrivals (7.9%) since September 2007, the Cataluna region registered the most visitors, recording 11.6 million tourists ...  To read the full story, please follow this link:


Villas in Spain


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