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Thursday, 9-Jan-2014 04:41 Email | Share | Bookmark
Spain’s Juan Carlos Vows To Maintain Embattled Monarchy










It is expected that the panel will make a decision ahead of external link the March 8 court date requested by Castro. The princess's husband, Inaki Urdangarin, is accused of diverting, for private use, public funds earmarked for his nonprofit foundation. Urdangarin, an Olympic medalist in handball, led a private foundation that secured contracts from regional governments to promote sports and tourism. He has faced preliminary charges for more than a year. The preliminary charges could eventually be dropped, but a filing of indictments would set a trial in motion. <br>More: http://www.cnn.com/2014/01/07/world/europe/spain-royal-corruption/index.html





REFILE-Spain yields hit 4-year lows, 2014 issuance seen comfortable



The unit revenue per available seat-kilometer was resilient, the company said. European stocks got a few pieces of data on Wednesday. Retail sales for the euro zone rose at the fastest pace in 12 years during November, lifting hopes for a revival in domestic demand. The sales jump came as a surprise as the euro zones unemployment rate stayed stubbornly high in November, unchanged at 12.1%. Other data showed German manufacturing orders surging in November amid a glut of bulk orders. <br>More: http://www.marketwatch.com/story/spain-portugal-stocks-rise-in-otherwise-flat-europe-2014-01-08







Spain Resurgence Aids Euro-Zone Recovery Hopes



Urdangarin has denied any wrongdoing. The case is one of many high-level corruption scandals in Spain that have undermined faith in public institutions at a time of economic crisis marked by deep cuts in public spending. Opinion of the royal family in particular has sunk to its lowest level ever. A Sigma Dos poll published on Sunday showed almost two thirds of Spaniards want King Juan Carlos to abdicate after 38 years on the throne and hand over to Prince Felipe, who is still well regarded and is not implicated in his sister's case. Juan Carlos became king with the restoration of the monarchy in 1975 following the death of the dictator General Francisco Franco. He won respect from Spaniards for his role in the transition to democracy, notably his actions in foiling a coup attempt in 1981. <br>More: http://news.yahoo.com/spain-39-princess-cristina-charged-tax-fraud-money-085554999.html;_ylt=A2KJ3Cfu08tSGEQAeRzQtDMD





Spain, Portugal stocks rally, standing out in Europe



Its services sector grew at its fastest in more than six years in December and the number unemployed fell by 2.24 percent. Indicators elsewhere have also been positive, and expectations that the European Central Bank will keep interest rates low for a long period or even cut them further, have supported high-yielding euro zone. Strong demand on Tuesday for Ireland's first bond sale since it exited its redirected EU/IMF bailout also boded well for Madrid's issuance strategy. Despite Spain planning to sell 133.3 billion euros in medium- and long-term bonds this year, up from 128.4 billion in 2013, its 10-year bond yields fell 3 basis points to 3.78 percent - their lowest since late 2009. Spanish yields have fallen almost 40 bps this year. <br>More: http://www.reuters.com/article/2014/01/08/markets-bonds-euro-idUSL6N0KI1C920140108?feedType=RSS





Spain profile



The investigating magistrate, Jose Castro, has gone after the Princess before, but failed to make anything stick. This time, he has come to court armed with far more details and the co-operation of Mr. Urdangarins former business partner, Diego Torres, who also faces charges. Mr. Torres has turned on the royals and offered up a stack of internal e-mails that he alleges implicate the Princess in the scam. Things will only get worse for the royal family. <br>More: http://www.theglobeandmail.com/news/world/spains-juan-carlos-vows-to-maintain-embattled-monarchy/article16247223/





Spain and Japan agree to work jointly to benefit from LatAm's growth



6, 2014 5:31 a.m. ET The euro zone's services sector and its broader private sector continued to expand in December as a resurgence in Spain helped compensate for continued weakness in France, according to surveys of purchasing managers released Monday. Based on a survey of 5,000 manufacturing firms and services providers across the currency area, data firm Markit's composite Purchasing Managers Indexa measure of private sector activityrose to 52.1 in December from 51.7 in November, in line with the flash estimate released mid-December. A... <br>More: http://online.wsj.com/news/articles/SB10001424052702303933104579303812463782116





Preliminary charges again filed against Spain's Princess Cristina



This cooperation was firmed up during the Tuesday and Wednesday visit to Spain of Japanese Foreign Minister Fumio Kishida, who met both with his Spanish counterpart, Jose Manuel Garcia-Margallo, and Prime Minister Mariano Rajoy and was received in an audience by King Juan Carlos. "Spain will be for Japan the entry door to Latin America and Japan will be the door to Asia for Spain," the assistant director of communications in the Japanese Foreign Ministry, Koichi Mizushima, told reporters. Regarding Latin America, the two countries agreed to cooperate by increasing communication and other contacts between their embassies in that region, where Spain is the second-largest investor after the United States, and shares a common language, Mizushima emphasized, adding that this issue was discussed on Wednesday at the meeting between Rajoy and Kishida. The Japanese official also noted that his country was an observer at the most recent Ibero-American Summit, webpage which was held in Panama last October. The Japanese minister congratulated Rajoy on his efforts to rekindle the Spanish economy and the two men discussed the areas of renewable energy, health and infrastructure, where - the Japanese spokesman said - both countries are "strong." Mizushima also said that this is Kishida's first official visit abroad in 2014, emphasizing that the two nations are celebrating four centuries of bilateral relations and, to mark the occasion, the two ministers exchanged jerseys of their respective national soccer teams with their surnames and the number 400 on the back. <br>More: http://latino.foxnews.com/latino/politics/2014/01/08/spain-and-japan-agree-to-work-jointly-to-benefit-from-latam-growth/







Plotters surrender after King Juan Carlos makes a televised address demanding an end to the coup. 1982 - Another coup plot by right-wing extremists discovered shortly before Socialists win large majority and form a government. Spain joins Nato. 1986 - Spain joins the European Economic Community, later to become the European Union. 1992 - Summer Olympic Games held in Barcelona. <br>More: http://www.bbc.co.uk/news/world-europe-17955805



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