The all-night party in Bilbao capped a successful week for Spanish football which sees five la liga clubs competing for top honours in Europe with Barcelona and Real Madrid – the top two Champions League contenders – and Athletic Bilbao, Valencia and Atlético Madrid all through to the quarter finals in the Europa League. Despite being reigning World Cup and European Champions, it has been some time since la liga teams have proved so strong in European competition with the last few years dominated by Premier League sides. The early 2000s saw Spanish football leading the way, with Real Madrid’s seemingly unstoppable Galácticos at their peak winning the Champions League in 2000 and 2002 … [Read more...] about La Liga: Spanish success
Archives for March 2012
Pound to euro unchanged on mixed UK-EU outlook
The pound to euro exchange rate remains unchanged at 1.20 this week, as a series of economic releases indicate that growth in both the UK and Eurozone will be hard-won in 2012. In particular, credit rating agency Fitch has threatened to slash the UK’s triple A credit rating, while in Europe, European Central Bank president Mario Draghi has pointed to the competitiveness gap between northern and southern members as the next big hurdle. Looking ahead, it looks as though the pound-to-euro rate will remain tethered inside the 1.1750-1.20 range established at the outset of 2012, unless a disaster in either Britain or Europe tips the balance. In the UK, pessimism has flared as rating agency … [Read more...] about Pound to euro unchanged on mixed UK-EU outlook
March 11
Another anniversary of the Madrid terrorist attacks of March 11, 2004, comes and goes and with it, another storm of acrimony that highlights, in the ugliest way possible, Spain’s divisions. It’s now eight years since bombs planted by Islamic radicals were detonated on trains in or near Madrid during the morning rush hour, killing 191 people and injuring nearly 2,000 more. Enough time, you would think, for society to digest and come to terms with the attack, if not the grief it caused. But as dozens of relatives of those killed gathered at Atocha train station on Sunday, to listen to a saxophonist play a moving recital to their loved ones and others pay verbal tributes, the mood was … [Read more...] about March 11
An important decision – making your will
In Spain there are four levels at which ISD (inheritance tax) is paid: Level 1 = Children and grandchildren (including adopted) under the age of 21 Level 2 = Children and grandchildren over the age of 21, spouses and parents Level 3 = Other relatives such as brothers and sisters, in-laws, cousins, aunts and uncles Level 4 = Everyone else including unmarried partners If you are not married, your partner is relegated to the ‘any other person’ level of inheritance tax. Being Spain, it does vary for residents between autonomous regions. So, for example this rule applies in Valencia but not in Murcia. It is certainly worth establishing what rules apply to you as it affects both the … [Read more...] about An important decision – making your will
Energy debt burden looms large in Spain’s deficit reduction push
To say that the Rajoy government inherited a rough legacy is rather an understatement. The economy appears to be in even worse shape than the incoming Partido Popular government first thought and even as they chop away at public spending, confidence at home and abroad continues to slip. Less than three months in and Rajoy and his party were forced to restructure deficit reduction goals, much to the chagrin of austerity-minded allies in Brussels and Berlin. Unfortunately, the government’s campaign to rein in spending and reduce the deficit does not yet address one particularly large elephant in the room – namely, Spain’s beleaguered energy sector. Sure, we’ve seen the Rajoy government … [Read more...] about Energy debt burden looms large in Spain’s deficit reduction push
Education in Spain, an international alternative
According to every school I asked the response was… think again! If your child is young enough then it is likely that they will pick up Spanish quickly and integrate well into a Spanish school. However, if they are older or have special needs the outlook is much less favourable. But what if you are already here and your child hasn’t settled or you have a very compelling reason to move? International Schools are an established alternative to Spanish state education. Dotted across the country, they teach the UK national curriculum in English and enable young people to study ‘A’ levels which are still the main currency needed for entry to universities in the UK. Of course, they are … [Read more...] about Education in Spain, an international alternative
La Liga: Tamudo writes another page in Espanyol’s history book
RCD Espanyol idol Raúl Tamudo fought with two defenders for a long ball forward before firing a low shot into the back of the net at the Estadi Cornellà-El Prat. The home fans warmly applauded their hero, who was his side’s best player on the day, but there was no celebration from the man himself. The striker, who had provided so many goals in 14 years of service to his beloved Periquitos, had instead struck for Rayo Vallecano, who were on the receiving end of a 5-1 drubbing on Sunday. Captain of Espanyol for almost a decade and playing in more than 400 games for his boyhood club, Tamudo left there as its all-time top goalscorer. Rising through the youth ranks, he also helped the … [Read more...] about La Liga: Tamudo writes another page in Espanyol’s history book
Pepe Reina’s “racist” blunder: a question of black and white?
Liverpool FC recently found themselves embroiled in a racism controversy for the second time in the last few months. Their goalie, Spanish national squad player Pepe Reina, came under fire from British anti-racism group Operation Black Vote for starring in a TV ad which they deemed to be racially offensive. The advert - for insurance company Groupama – depicts Reina meeting with the “king” of an African tribe who decides to take the goalie for his “queen”, a joke on his surname. Following complaints lodged by OBV, the campaign was pulled from Spanish television. Unfortunately for Reina and Liverpool, the ad in question came right on the tail of huge controversy caused by their … [Read more...] about Pepe Reina’s “racist” blunder: a question of black and white?
Squatting wave pushes for improved Spanish housing policy
“If they throw us out, I don't know what we're going to do. Now we have nothing,” says Trini, who lives with her partner and son in a squatted building in central Madrid. The €500 she earns taking care of seniors is the only income her family has. Trini wants to buy or rent a house, but at a price that her family can afford. Trini is part of a massive squatting wave that is sweeping across Spain as a response to the failure of public housing policy. Once, squatting was seen as an act of defiance, done mainly by young people. Now it is more commonly done out of necessity, by families who feel they have no other option. Since 2007, there have been more than 350,000 evictions as a result … [Read more...] about Squatting wave pushes for improved Spanish housing policy
Pound to euro stable as central banks hold rates
The situation in Greece especially has topped the headlines this past week, and had the potential to send the euro into meltdown had it not turned out so well. The Greek government conducted a debt swap, aimed at getting bondholders holding more than €200bn in Greek bonds to change their bonds for ones worth 75% less. Had they refused, Greece would have been refused its €130bn EU bailout and been forced to default, prompting the much-feared contagion across Europe. In the event though, Greece’s creditors decided that triggering a financial apocalypse was not perhaps in their best interests, and more than 95% accepted the deal. Cue much jubilation among Greek and European Union public … [Read more...] about Pound to euro stable as central banks hold rates