Economic Articles
EU aid fund to ‘strengthen and protect’ euro
Germany Chancellor Angela Merkel said on Monday that an emergency trillion dollar rescue package for crisis hit eurozone countries would serve to bolster the weakened euro currency. She told reporters that the package would serve to strengthen and protect the common currency, only hours after the European Union announced an unprecedented intervention worth more than […]
Spain’s socialists – more popular in spite of crisis
An opinion poll released on Monday shows Spain’s governing Socialist Party has gained popularity in recent months despite the economic crisis and now trails the opposition party by only a small margin. According to the CIS polling institute, if elections were held today, the main conservative opposition party, the PP, would win with 39.5 percent […]
Volcanic ash costs Spanish tourism 200m euros per week
Cancellation of hotel bookings because of the volcanic ash disruption affecting airlines will continue until the end of April, at a weekly loss to Spanish tourism of 450 million euros, an industry association said on Wednesday. “We have noticed cancellations as far ahead as end of April from both individuals and tour operators said Spain’s […]
Car sales soar in March
New car sales soared by a record 63.1 percent in Spain in March in comparison to the same month last year and is probably due to the new government incentive programme. A total of 124,756 new cars were registered during the month up from 76,501 in March 2009 and from 124,302 in March 2008, the […]