Like most Real Zaragoza fans José Antonio Visús is fed up. Since Agapito Iglesias, the team owner, bought the club in 2006, fans have suffered one season in second division and have consistently finished near the bottom of the table. Now it’s back to second division. While most supporters are pessimistic and flat out angry, Visús actually wants to do something about the situation. He’s rallying the club’s fans and asking them to contribute whatever they can to try to get rid of Iglesias. His solution? Crowdfunding. Iglesias isn’t selling, but Zaragoza fans want to buy. Visús, a relatively unknown lawyer until recently, figures that if he can get €2 million in crowdfunding from fan … [Read more...] about Desperate Zaragoza fan seeks solution in the crowd
business
The Catalan spy game
Earlier this week police took action on a political scandal that had broken several days before, when Catalan newspaper El Periódico published a recording and transcripts of a conversation between Catalan Partido Popular leader Alicia Sánchez-Camacho and María Victoria Álvarez, ex-girlfriend of Jordi Pujol Ferrusola, a Catalan businessman and son of former Catalan premier Jordi Pujol. The Pujol clan, an historic dynasty in the leading Catalan party Convergència Democrática de Catalunya, is presently caught up in a maelstrom of accusations of financial wrongdoing. Jordi Jr’s brother, CiU parliamentary leader Oriol Pujol, is embroiled in his own personal scandal, over alleged kickbacks in … [Read more...] about The Catalan spy game
Businessman’s arrest highlights Spanish corporate failings
The arrest of the former head of Spain’s employers’ association should come as a shock. Sadly, it is more likely to be interpreted by the international community as yet another indication of the many deep-rooted and extensive problems that afflict this country, the most important of which is a lack of transparency in politics and business, along with a failure to implement corporate governance practices. Anybody with a passing interest in the business dealings of Gerardo Díaz Ferrán will not be surprised to learn that on top of all the other charges he faces, he has now been accused of fraudulent conveyance and money laundering relating to the sale of the Viajes Marsans travel group in … [Read more...] about Businessman’s arrest highlights Spanish corporate failings
Pound falls as UK faces triple-dip recession
Welcome to the Pure FX account of the latest changes in the euro exchange rate. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes GBPEUR: 1.2527 to 1.2443 (-0.671%) GBPUSD: 1.5989 to 1.5875 (-0.713%) EURUSD: 1.2762 to 1.2758 (-0.031%) The pound lost out to both the euro and US dollar this week, putting an end to three weeks of gains against the common currency, as the Bank of England warns the UK faces a possible triple-dip recession in 2013. This pound loss came in spite of the fact that, meanwhile, the Eurozone officially entered recession this week, contracting … [Read more...] about Pound falls as UK faces triple-dip recession
Pound hits three week high as UK expands 1.0% in Q3
Welcome to the Pure FX account of changes in the euro exchange rate, covering the 19th to 26th of October 2012. This is intended as a brief guide to movements in the euro this week, to put you in the best position for when you exchange currencies. Latest exchange rate changes Pound to euro: Last week: 1.2276 Today: 1.2457 Increase: +1.474% Pound to US dollar: Last week: 1.6038 Today: 1.6108 Increase: +0.436% Euro to US dollar: Last week: 1.306 Today: 1.2925 Decrease: –1.034% The UK pound reversed a four-month decline against the euro this week, gaining almost two cents against the common currency. This takes sterling back to a level we last saw in early October, when … [Read more...] about Pound hits three week high as UK expands 1.0% in Q3
San Sebastián Film Festival: Gere finds sinister charm in ‘Arbitrage’
The San Sebastian Film Festival got off to a cracking start on Friday with US film Arbitrage, starring Richard Gere, Susan Sarandon and Tim Roth and directed by Nicholas Jarecki. Opening the event’s 60th edition, Jarecki's film is competing in this year's Official Section. Arbitrage is a tense thriller, set against a corporate backdrop, with a tight script and an energetic pace that is largely down to script writer and debutant director Jarecki. Gere plays Robert Miller, a business magnate who is ready to sell up, supposedly to spend more time with his family. At first he looks as if he has it all: a loving wife (an excellent if little-seen Sarandon), a devoted son and a brilliant … [Read more...] about San Sebastián Film Festival: Gere finds sinister charm in ‘Arbitrage’
The market tears up Zapatero’s social contract
“My government’s ambition is to make this an innovative, creative, entrepreneurial country while upholding the social welfare state… I think we should learn the lesson of the Great Depression: when an economy enters a deep recession, the only way we can come out of it is from a big push from the public sector.” José Luis Rodríguez Zapatero uttered these words less than a year ago. At the time, with Spain mired in recession, critics could argue with his ideological stance, but nobody could doubt his convictions. However, the prime minister’s announcement on May 12 of a broad and radical raft of austerity measures has seen him perform the biggest U-turn of his six years in government … [Read more...] about The market tears up Zapatero’s social contract