The News in Spain
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The News in Spain
   
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Spain News Archive04-Nov-2008Spain attempts to stimulate market with mortgage holidays for jobless (Times Online) Spain became the first European country to introduce a mortgage moratorium for the unemployed yesterday in a move that could put pressure on neighbouring countries to follow suit. Spain unveils mortgage relief plan for families (CNN) Spain's socialist government will permit about a half-million families to delay some of their mortgage payments for two years in an effort to stimulate Spain's economy. Sun in Spain to fall on SolFocus (BizJournals) Sun concentrator SolFocus Inc. signed a $103 million deal to install power projects in southern Spain over the next two years. Mass graves reopen Spain's civil war wounds (Financial Times) Hardly a month passes in Spain without the well publicised unearthing of another civil war mass grave containing victims of Francisco Franco, the former dictator. Spain-Algeria pipeline nears completion: report (Zawya) ALGIERS, Nov 03, 2008 (AFP) - Work on an undersea gas pipeline between Spain and Algeria edged closer to completion after Algeria's energy ministry announced Monday the end of vital installation work, APS news agency reported. Spain unveils new measures to ease crisis (Financial Times) Spain's Socialist government yesterday announced a new round of emergency measures to soften the impact of the economic crisis, including the funding of a two-year, partial moratorium on mortgage payments by the unemployed. Spain: government announces mortgage aid (AP via Yahoo! News) Spain's government, grappling with soaring unemployment and an economy buffeted by the global credit crunch, announced a plan Monday to help families make mortgage payments and reward businesses that hire. Spain Lets Jobless Postpone Half of Mortgage Payments (Update2) (Bloomberg) Nov. 3 (Bloomberg) -- Spain will allow unemployed workers to put off paying half their monthly mortgage payments for two years, Prime Minister Jose Luis Rodriguez Zapatero said today, part of a series of measures aimed at softening the impact of a shrinking economy.
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