The economic disaster that heavily indebted Spain has found itself in is clearly a consequence of Spain joining the euro

 The economic disaster that heavily indebted Spain has found itself in is clearly a consequence of Spain joining the euro, insists economist Dr. Manuel Balmaseda. When Spain joined the euro, the EU Central Bank settled overly low interest rates, resulting in Spain receiving “enormous amounts of credit which increased Spanish indebtedness, particularly foreign”. Cheap money created financial bubbles, for instance in real estate. When the 2008 economic crisis came, the bubbles burst, many companies went bankrupt and the whole overheated economy...

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Bailed Kyle Thain and James Harris return from Spain

 Two men from Essex accused of attempted murder in Spain have returned to England. Kyle Thain, 24, and James Harris, 29, had been in Spain for the past seven months after being accused of attacking two men in an Alicante bar in July 2011. The pair, both from Southend, were held in a Spanish prison for four months without charge. They have now been allowed to return to England on strict bail conditions. Mr Harris returned to the UK on Tuesday and his friend Mr Thain arrived at Stansted Airport on Wednesday evening. New lawyer As part of...

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Mercadona Rocked As Own Label Linked To Canine Deaths

 Mercadona is in the middle of a public relations disaster after its ‘Compy’ own label dog food brand was linked to the deaths of several pets across Spain, after having caused kidney failure in the animals. . The deaths were initially recorded by pet owners in Andalucia, Murcia and Alicante, but new reports have claimed that similar cases have been found along the Costa del Sol. Several pet owners insisted that the deaths were caused after their pets ate the own label product, and following intense pressure, Mercadona has removed two variants...

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Blues legend Gary Moore died after drink binge

ROCK legend Gary Moore died after bingeing on enough alcohol to put him nearly eight times over the drink-drive limit, tests in Spain have revealed. The guitar ace (58) suffered a heart attack brought on by the massive amount of alcohol that he knocked back at the start of a sunshine holiday in Spain's Costa del Sol, the studies showed. No traces of any illegal drugs were found in his body. But he had 380mg of alcohol per decilitre of blood in his system, which is more than 30mg the amount associated with fatalities. And it was just short of...

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Scotland Yard lent police horse to Rebekah Brooks

 The former Sun and News of the World editor was lent the horse in 2008, the year after Clive Goodman, who worked for her as royal editor of the News of the World, was jailed for phone-hacking along withe the private investigator Glenn Mulcaire. Officers from the Metropolitan Police Mounted Branch visited Mrs Brooks's home in the Cotswolds to check she had suitable facilities and was a competent rider before the horse went there. A spokesman for the Metropolitan Police pointed out that it is routine for retired Mounted Branch horses to be...

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Son-in-law of King Juan Carlos of Spain admits he defied orders in corruption trial

 The Duke of Palma, the husband of the King's youngest daughter Cristina, appeared in court in Majorca over the weekend, subpoenaed to give evidence in a case that has turned the spotlight on Spain's royal family. The Duke, a former Olympic handball medallist who received the title when he married in 1997, has stirred latent antimonarchist sentiments in Spain with the suggestion that he used his royal influence to feather his own nest. The Duke, 44, is implicated in a case that alleges the embezzlement of public funds through the Noos Institute,...

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Sacha Baron Cohen pulls Oscar stunt for The Dictator

 Sacha Baron Cohen was escorted off the Oscars red carpet after a publicity stunt for his new film, The Dictator. The British comedian arrived in character as a middle eastern leader and claimed to be carrying the ashes of former North Korean leader Kim Jong-Il. In an interview with US TV host Ryan Seacrest, he said it was Kim's dying wish "to be sprinkled over the red carpet and over Halle Berry's chest". He then tipped the urn over the host, covering his tuxedo in white dust. Baron Cohen, who is known for outrageous publicity stunts...

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Shock, horror! Murdoch's Sun wants his readers back

 Rupert Murdoch bid to grab back the huge audience his News Corp lost when it closed the best-selling News of the World over a phone-hacking scandal with a new Sunday edition of his Sun tabloid filled with gossip, girls and celebrities. With a front page splashing on a female TV presenter's birthing difficulties - "My heart stopped for 40 seconds" - the top-selling daily Sun made its Sunday debut, aiming to win back the 2.7 million people who had read News of the World until its closure in July in Britain's biggest recent press scand...

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Adele joked that she wanted boyfriend Simon Konecki to buy her an engagement ring so big “you can see it from space”.

Bling ring: Adele and boyfriend Simon KoneckiXposurephotosAdele joked that she wanted boyfriend Simon Konecki to buy her an engagement ring so big “you can see it from space”.Yet the award-winning singer, 23, wanted to make sure no one saw her as she slipped away from the Brits.She covered her head with a coat as she gave the aftershow parties a miss and headed back to her hotel with 36-year-old Si.Earlier, Adele denied the ring she was wearing was...

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Police uncover 'serious and organised' criminality in £63m scam to breach European fishing quotas

An inquiry into the UK's largest fishing scandal has uncovered "serious and organised" criminality by Scottish trawlermen and fish processors in an elaborate scam to illegally sell nearly £63m of undeclared fish.Three large fish factories and 27 skippers have pleaded guilty to sophisticated and lucrative schemes to breach EU fishing quotas, in what one senior police officer described as "industrial level" deception.They went to extraordinary...

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A glamorous French politician is set to become France’s first ever ‘MP for Britain’ to represent more than 100,000 Gallic expats living in the UK.

A glamorous French politician is set to become France’s first ever ‘MP for Britain’ to represent more than 100,000 Gallic expats living in the UK.Emmanuelle Savarit, 39, is leading the race to be elected to France’s newest overseas constituency - based in London’s well-heeled Kensington.The member of Nicolas Sarkozy’s conservative UMP party is the clear frontrunner among five hopefuls vying for the seat of northern Europe.Hopeful: Emmanuelle Savarit,...

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Italian Wives ban their husbands from visiting Italian cafe where busty barmaid serves up drinks in skimpy outfits

After eight years running a bar, Laura Maggi suddenly found men beating a path to her door.Not for the quality of her coffee  and aperitifs, but because she had started appearing for work in highly revealing outfits.Hundreds of male customers flocked there day and night, leaving their cars double parked in the surrounding streets.Congestion became such a problem that the lady mayor announced she was considering an emergency bylaw to limit traffic...

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One in seven Cambridge students 'has sold drugs to help pay their way through university'

 One in seven Cambridge students is  dealing drugs to help pay their way through university, according to a survey. It found many claim that they have been forced to sell illegal substances to friends to make ends meet as they study. And it revealed nearly two-thirds admitted taking drugs, with cannabis the most  popular substan...

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American 'illegals' in Mexico

 When Jessica departed the US early in 2011, she left a country where illegal immigration is rarely off the political agenda. Little did she imagine she herself would become an 'alien' - in Mexico. She came to Puerto Vallarta, a tourist resort on the Pacific coast, to work legally for a Mexican company. She took a second job to earn extra money, first in an internet cafe and then a restaurant. Fines for overstayers But her employers - also Americans - never filled in the paperwork to make her second job legal. "I insisted, but they told...

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ENVELOPES full of cash, drug habits funded by EU grants and police taking payments to legalise prostitutes – you name it, it has happened in Spain.

  Add to those a snail-paced justice system and, a law society in Malaga that fails to scrutinize bent lawyers, and things start to look distinctly cloudy. Consider too that last week Spain’s top anti-corruption lawyer, Baltasar Garzon, was suspended from his post for illegally tapping the phones of lawyers, and most will come to the same conclusion. “Yes, corruption is certainly endemic in Spain,” says Gwilym Rhys-Jones, an Estepona-based financial expert. “Sadly there is a tradition of it and it became institutionalised since the late...

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EU clampdown on unregulated financial advisers in Spain

 The European Commission is to consider setting up an ombudsman to help expat victims reclaim against unregistered financial firms. It comes after a local pressure group, that represents over 1,000 victims, sent a dossier of information to Brussels. The Costa del Sol Action Group demanded action against the advisers who, it claims, have lost their clients over €120 million (£102 million). “It is good news as something has to be done about this bunch of rogues,” said group founder David Klein. “The current Spanish regulatory system is totally...

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Poor men and lonely wealthy women

I see so many lonely women out here in the world today. Of course, there are lonely guys as well. But, in my opinion men react and respond differently to their problems. We almost never actually admit that we are alone, except when our self-esteem is compromised. We just go with the flow. But for women, it is a totally different story. “I am so alone,” was what she would say. I hear this all the time from the opposite sex. Why is this so in the modern-day world? Are we men not doing our jobs?   This brings me to the recent lonely end of...

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Spain's banking sector set to shrink to about 10 lenders

This year, Spain’s banking sector looks set to shrink to about 10 lenders from more than 40 before the economic crisis, as the government forces banks to recognise steep losses from a housing crash. Small and medium-sized banks will scramble to join forces to meet capital requirements implicit in a new law demanding lenders write down up to 80 per cent of the book value of real estate assets on their balance sheets.  Click here for Cloud Computing     Also Read   Related Stories News Now - 24-hr deadline for Kingfisher...

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A4e boss Emma Harrison to step down from government role

 Emma Harrison, David Cameron's "families tsar", is to stand aside from the role in the wake of revelations that former employees of her firm A4e are subject to police investigations over alleged frauds. She has written to the prime minister saying she believes she should stand aside. Number 10 had been signalling for more than 48 hours that it was extremely concerned by the allegations and would ask her to stand aside from the role. "I have asked to step aside from my voluntary role as Family Champion as I do not want the current media...

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Barclays clocks up 1,500 complaints a day

 Barclays has been clocking up over 1,500 complaints a day as its staff share £2.5billion bonuses. The bank had 281,484 customer gripes between July and December – up 12% on the first half of 2011. It blamed the surge on claims for mis-sold payment protection insurance. An ­Independent Banking ­Advisory Service spokesman said: “It’s coming back to bite them – although not quickly enough in our view.” All banks have to report complaints data for the second half of 2011 to the City watchdog the Financial Services Authority by the end of...

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France reporter Edith Bouvier asks for Syria evacuation

 The French journalist who was wounded in an attack on the Syrian city of Homs on Wednesday has asked to be evacuated from Syria quickly, saying she needs urgent medical attention. Edith Bouvier was injured in the attack that killed journalists Marie Colvin and Remi Ochlik in the Baba Amr suburb. In a video posted online by opposition activists, Ms Bouvier says she has a broken femur and urgently needs an operation. She asks to be evacuated to Lebanon. There is growing pressure on Damascus to give access to civilians trapped by the onslaught....

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