Costa Brava News » Money Latest News in English from the Costa Brava in Spain Sun, 18 Apr 2010 10:15:22 +0000 en hourly 1 King Wishes to Unite Parties to Aid Spain’s Economy Mon, 15 Feb 2010 10:54:24 +0000 admin King Juan Carlos of Spain announced wishes to see across party state pact, to help fight the recession.

This has been rejected by the PP (Partido Popular) the party’s number two, Dolores de Cospedal, said “A pact would only work, if it contained a drastic change in Zapatero’s policies. Which means, if taxes are reduced.”

However the government considers tax increases i.e. raising VAT, are necessary to control the deficit. María Teresa Fernández de la Vega, Deputy Prime Minister, also made the comment that it should be up to the government to arrange any pact.

Press reports claim the Spanish Prime Minister already gave the go-ahead last Tuesday, for the King to take on a more active public role. The Palace justified the meetings with the King because of the serious problems of the recession.

There have been meetings between the PSOE and other parties, most positively that of the talks with the Catalan party, but it has now been over a year since the last private meeting between Zapatero and Rajoy.

Meanwhile the two biggest Spanish unions, UGT and CCOO, have called for a week of protests from 23rd February, with the first rallies being arranged for Madrid, Valencia, and Barcelona.

The demonstrations are against plans to change the pension system in Spain, and raise retirement age to 67. These plans were announced before the leaders of the two unions met with King Juan Carlos on Friday.

Reblog this post [with Zemanta]
]]> 0
Four Savings Banks will Merge Mon, 08 Feb 2010 14:05:29 +0000 admin Four savings banks, known as ‘Caixa’ in Catalan, or ‘caja’ in Spanish, have announced plans to merge.
The Caixa Girona, Caixa Sabadell, Caixa Terrassa, and Caixa Manlleu will merge, and become ‘UNIM’ with ‘Unimcaixa’ as their new commercial name.

The new logo will incorporate the four original colours from each bank; red, green, blue and orange.
75% of the branches in this merger will carry the new name Unimcaixa. The rest, those that are in the home territory of each original caixa, will have the specific designs:
UnimCaixa Girona, UnimCaixa Sabadell UnimCaixa Terrassa and UnimCaixa Manlleu

This merger is in the final stages of processing, awaiting the approval of the bank of Spain, and the final approval of the European commission.

Reblog this post [with Zemanta]

]]> 0