euromoney

Sunday, 25 March 2012

Pakistani Taliban training Frenchmen

Pakistani intelligence officials say dozens of French Muslims have been training with the Taliban in northwest Pakistan. The officials said on Saturday they were investigating whether Mohamed Merah, a Frenchman of Algerian descent suspected of killing seven people in southern France, had been part of this group. Merah traveled to Pakistan in 2011 and said he trained with al-Qaida in Waziristan. He was killed in a gunfight with police Thursday in the French city of Toulouse. The officials said 85 Frenchmen have been training with the Pakistani...

Saturday, 24 March 2012

Cheap drugs abroad could pay for break

HOLIDAYMAKERS can pay for the cost of a break in the sun by buying their prescription drugs while abroad. Legally they can purchase their prescribed drugs -- at a fraction of the cost here over the counter -- in Malaga, Marbella , Faro or Lisbon. Those on long term medication and covered by the Drug Payment Scheme, who cough up €132 a month, can particularly benefit. For example, a patient on holiday in Marbella recently bought the three main elements of her prescription. Prescribed for the treatment of high blood pressure, high cholesterol...

Sex is a multibillion-dollar industry in Spain, with colorfully lit brothels staffed mainly by poor immigrant women from Latin America, Africa and eastern Europe lining highways throughout the country

Pimps Arrested in Spain for 'Barcoding' WomenPolice in Spain arrested 22 alleged pimps who purportedly tattooed women with bar codes as a sign of ownership and used violence to force them into prostitution.  Police are calling the gang the "bar code pimps." Officers freed one 19-year-old woman who had been beaten, held against her will and tattooed with a bar code and an amount of money — €2,000 ($2,650) — which investigators believe was the debt the gang wished to extort before releasing her. The woman had also been whipped, chained to...

Russian banker shot six times had testified over murder plot

The banker was left for dead by a lone gunman as he returned to his home in Canary Wharf on Tuesday evening. Scotland Yard detectives are investigating the attempted assassination, which Mr Gorbuntsov’s lawyer believes was a retaliation attack after the banker gave evidence in a 2009 attempted murder case. Mr Gorbuntsov, who fled to London because of his fear of reprisals, had recently submitted new evidence to Russian police about the attempted murder of Alexander Antonov, another Russian banker. The case was closed three years ago when three...

Friday, 23 March 2012

Serbian mafia 'put gangster in mincer and ate him for lunch'

Gang that assassinated Serbian prime minister admits making 'face mask' out of member's skinA GANGSTER who helped orchestrate the Serbian prime minister's assassination in 2003 was allegedly made into a stew and eaten by his associates after falling out with his gang leader. Police believe Milan Jurisic (above) was beaten to death with a hammer, skinned and boned with a sharp knife and then put through a meat grinder at a flat in Madrid in 2009. The...

Wednesday, 21 March 2012

Two police officers were injured in a shoot-out in Toulouse on Wednesday with a gunman claiming links to al Qaeda

Two police officers were injured in a shoot-out in Toulouse on Wednesday with a gunman claiming links to al Qaeda and who is believed to responsible for the killing of four people at a Jewish school and three soldiers in southwest France. Interior Minister Claude Gueant said that the 24-year-old man had made several visits to Afghanistan and Pakistan and had said that he was acting out of revenge for France’s military involvement overseas. “He claims to be a mujahideen and to belong to al Qaeda,” Gueant told journalists at the scene of the siege....

Tuesday, 20 March 2012

Shoot-Out In Raid Sees Police Injured

 French police are engaged in a siege with a man they are reportedly "confident" was responsible for the killings of seven people in the south west of the country. Two elite officers reportedly suffered minor injuries during a shoot-out with suspects in the ongoing pre-dawn raid in the Croix-Daurade district of the city of Toulouse. AFP news agency - which said up to six shots were heard in the raid - is reporting that police believe the gunman responsible for three attacks that killed three children, a rabbi and three soldiers is inside the...

Monday, 19 March 2012

At least four people, including three children, were killed, when a man on a scooter opened fire outside a Jewish school in Toulouse in southwestern France

At least four people, including three children, were killed, when a man on a scooter opened fire outside a Jewish school in Toulouse in southwestern France on Monday, officials said. The attack also left several injured, two of them seriously, and followed the killing of three soldiers in two separate shootings in the same region last week by a man who escaped on a scooter. BFM TV news channel said that the gun used in the attack at the Ozar Hatorah school was of the same calibre as that used in the soldiers’ shootings, but a spokesman for the...

Spain's Unicaja, Caja Espana savings banks merge

Spanish regional savings banks Unicaja and Caja Espana have merged following the government's recent requirement that banks raise substantially their provisions set aside to cover toxic real estate exposure. The merger, in which Banco Caja Espana-Duero (Banco Ceiss) is effectively absorbed into Unicaja Banco, creates a group with approximately (EURO)80 billion ($104.9 billion) in total assets and a turnover of (EURO)120 billion ($157.4 billion), according to a joint statement released late Friday. The deal must first receive Finance Ministry...

Sunday, 18 March 2012

S SPAIN THE NEXT GREECE? NATION SINKS FURTHER INTO MIRE

Savage cuts to the Greek health service have seen the country's HIV and Tuberculosis rates soar - sparking fears it is becoming a third world nation.Aid agencies said the cutting of hospital budgets by an astonishing 40 per cent had also led to a sharp rise in the number of citizens being diagnosed with Malaria.In the south, they said, it is reaching near endemic levels not seen since 1970s.The scrapping of needle exchange services has seen the number...

Saturday, 17 March 2012

Health board owed £130k for treatment of foreign nationals

FOREIGN nationals not entitled to free treatment are said to owe Swansea Bay's ABM University Health Board more than £130,000 — the second highest figure in Wales. According to figures obtained by the Welsh Conservatives, only Cardiff and Vale UHB is owed more, at just over £200,000. ​ Darren Millar AM The Welsh Government has now said it is looking at further measures to help health boards recoup their costs. Figures obtained by the Tories following a Freedom of Information request show the money owed to the NHS in Wales more than doubled between...

Spanish state will need outside help – or even go bankrupt.

 If the negative development in the Spanish housing market continues, it can – worst case – lead to renewed concern over that the Spanish state will need outside help – or even go bankrupt. Banks might face several hundred billion Euros in losses on the Spanish real estate market. This will mean a recapitalization of the Spanish banks – capital that can only come from the Spanish state. Now there is nothing new in that; but what is interesting is the free admission of a need to nationalize the Spanish banks. If you glace at the graph you...

Friday, 16 March 2012

Spain Approves Canary Islands Oil Exploration

The Spanish government approved Friday a controversial permit to explore for oil offshore the Canary Islands, in an area that could become by far the largest source of oil production in a country heavily dependent on crude imports. Approval of an exploration license marks the latest move in Spain's shift away from a policy of subsidy-dependent renewable energy projects as it seeks ways to improve its trade balance and steady its budget, but will likely face opposition from environmentalists and local government officials concerned about the threat...

Spain's public debt soars to record high

Spain's public debt soared to a record high at the end of 2011, Bank of Spain figures showed Friday, as Madrid struggled to slash costs and escape the eurozone debt crisis. Public debt amounted to 734.96 billion euros ($960 billion), equal to 68.5 percent of annual economic output at the end of 2011 -- up from 66 percent three months earlier and 61.2 percent at the end of 2010. The accumulated debts breached the European-Union agreed limit of 60 percent of gross domestic product (GDP) but was still below the eurozone average, which approached 90...

Cadíz second bridge delayed until at least 2013

The Ministry for Development has announced a delay in the opening of the second road bridge into Cádiz which will now not be open to traffic until 2013. Minister, Ana Pastor, said that not with all the money in the world could a 2012 opening be achieved. 2012 was the target date so that it coincided with the bicentenary of the 1812 Spanish Constitution which was signed in the city on March 19 1812. The General Courts of Spain were transferred there while in refuge from the Peninsular War. The Minister added, ‘It will take at least another 15...

Thursday, 15 March 2012

Place your bets on Euro Vegas

IT MAY just be the single largest contrarian bet in the euro zone. Sheldon Adelson, a casino tycoon, is expected soon to choose between Madrid and Barcelona for a €16 billion ($21 billion) gambling resort. The euro-zone turmoil does not faze him: “It will take us four to five years,” he told Forbes magazine. “By then everything will be solved.” Mr Adelson’s Las Vegas Sands (LVS) hopes to create a “Euro Vegas”, capable of attracting the 1 billion people who live in the 50 countries within a five-hour flight from Spain. He chose the country because...

55 security guards arrested with fake qualifications

 55 false security guards working in sensitive positions have been arrested in Madrid, Toledo, Cuenca and Badajoz. The National Police arrested the 55 who have all be established to have been working fraudulently, and some with jobs looking after explosives or acting as bodyguards. A statement from the National Police said those arrested lacked the necessary preparation for the work and were employed because of falsified qualifications. Some of them have a previous criminal reco...

The Spanish Government is to increase the tax on diesel vehicles

 The Spanish Government has revealed that it wants to increase the tax on diesel vehicles because they ‘contaminate more’. The change will be a modification on the vehicle matriculation tax. The Secretary of State for the Environment, Federico Ramos, gave the news after meeting with the environment experts and said that in principle the regional administrations are in agreement. The local City and Town Halls say they now want to first analyse the financial consequences for them. Diesel vehicles not only pollute with CO2 but also emit Nitrogen...

The ex Mayor of Alcaucín in Málaga, José Manuel Martin Alba, who was arrested for a second time with seven other people

The ex Mayor of Alcaucín in Málaga, José Manuel Martin Alba, who was arrested for a second time with seven other people on Tuesday in the ‘Tristan case’, which comes from the ‘Arcos operation’, made a statement on Wednesday to the investigators of the UCO central operations unit of the Guardia Civil. La Opinión de Málaga reports that he denied knowing the land registry civil servants that he allegedly manipulated with false data to obtain the classification of building land. These plots were often purchased by foreign investors with the idea of...

Card firm in breast implant refund

 A Midlands woman who was given PIP breast implants that ruptured has recouped the full cost of the surgery from her credit card company. She said Lloyds TSB refunded her £3,700 on the grounds that she was sold faulty goods. The British Association of Aesthetic Plastic Surgeons (BAAPS) said the move should offer a "ray of hope" to other patients with PIP implants. The woman, a hairdresser in her 40s from the Midlands who does not want to be identified, underwent a breast enlargement operation in 2008. She discovered she had been given PIP...

Wednesday, 14 March 2012

Goldman Sachs director quits 'morally bankrupt' Wall Street bank

 A Goldman Sachs director in London has resigned after publishing a devastating open letter accusing senior staff of being "morally bankrupt" and bent on extracting maximum fees from clients by offloading unsuitable investment products. Greg Smith, who has left his post as executive director of the firm's equity derivatives business in Europe, claimed that chief executive Lloyd Blankfein and president Gary Cohn have "lost hold of the firm's culture on their watch". He added that "this decline in the firm's moral fibre represents the single...

Sunday, 4 March 2012

Spanish tax authorities are cracking down on tax offenders

Hacienda has announced it will be keeping a close eye on fiscal engineering from e-commerce firms trading on the Internet. The Agencia Tributaría will also be keeping a close watch on sportsmen and women and artists. A new anti-fraud plan also includes alerts for contraband tobacco and the Secretary of State for Hacienda, Miguel Ferra, says they expect to recover 8.171 billion more from the measures. Hacienda has been told it cannot take on staff but it can substitute one in ten of the retirees. The number of inspections on elite sportsmen will...

Saturday, 3 March 2012

How HMRC finally caught Nasir Khan

 Nasir Khan had a successful accessories business, a jet-set lifestyle and reputation as a pillar of the community. But all that vanished in December when he was jailed for his part in a £250m VAT fraud. Jasper Jackson discovers how a 10-year investigation by HMRC led to his downfall At the start of 2001, Nasir Khan was the owner and managing director of a moderately successful accessories business called The Accessory People, which had an annual turnover of £13 million. By the end of that year, however,...

Friday, 2 March 2012

Lloret de Mar turns its back on drunken tourists

 A barrage of new by-laws has been issued to control the holidaymakers.Following the disturbances seen last summer, the Lloret de Mar Town Hall has passed more restrictive by-laws designed to combat ‘drunken tourism’. Last summer clashes between drunken tourists and police led to 20 arrests when the regional police Los Mosses stopped more clients entering a discotec because the air conditioning was broken. 22 people needed medical treatment including nine officers. That is being described now as a point of inflexion in the town’s tourism....

Tomb opened to investigate stolen baby allegation, and found to be empty

A judicial commission given the job of exhuming the remains of baby girl, as part of the investigation into alleged stealing of babies, opened the site where the baby’s remains was supposed to be, at an old cemetery in Ronda, Málaga. A court in Málaga had authorised the exhumation to carry out DNA testing to confirm identity, but the tomb was empty. Diario Sur reports the mother said there was nothing there ‘Not even a blanket or clothes, nothing at all, just an empty box with a cross on top’. The parents saw the child being born alive, but they...

Gored bullfighter leaves hospital

 Spanish bullfighter, Juan José Padilla, who was dramatically gored in the face on October 7 as part of the Pilar fiestas in Zaragoza, was released from hospital in the city on Wednesday. He told the press, sitting in a wheelchair and with his face uncovered and clear of any bandage, that he would be putting on his suit of lights and entering the ring again, although he admitted that it was impossible to continue this season. He said he would be back in 2012. Chief Ophthalmology surgeon at the Miguel Servet Hospital, Luis Pablo, described...

UK Benefit Fraud investigators have recently enjoyed more success in the fight against benefit cheats in Spain.

  In one of the latest cases to go to prosecution, Debbie Williamson from Rotherham was sentenced at Sheffield Crown Court to 18 months immediate imprisonment for having stolen UK benefits between 2004 and 2009. Ms Williamson had been claiming a number of non-exportable benefits from the UK, including income support. She denied having any connection with Spain, but investigators established she owned property in Valencia, had made regular cash withdrawals abroad and had her daughter in a local Spanish school. In total Ms. Williamson stole...

SEPLA call 24 more strikes in Iberia, and some are over Easter

Iberia SEPLA union pilots have announced a new wave of strike action in protest at the company’s plans to start a new low-cost airline, Iberia Express, the first flight of which is set for March 25. They have called 24 more 24 hour strikes, which follow from the previous 12 which have already been seen. The stoppages are between March and May and some affect both the Easter break and bank holiday weekends. The pilots say they have upped their action because the company is refusing to talk and their attitude is ‘a radical rejection of any of...

Thursday, 1 March 2012

Makers say 'sorry' as excessive vitamin D found after dog food recalled from 190 Mercadona stores

 A Brand of dog food in cartons sold by Mercadona has been blamed for causing kidney failure in pets. The supermarket chain – the largest in Spain – has now withdrawn carton-packaged Compy wet dog food from its shelves in 190 stores in Albacete, Almeria, Alicante and Murcia provinces. This action followed a flood of concerns from dog owners – including scores of expatriates – after their pets had been taken ill, with some vomiting violently. On Tuesday, four days after Mercadona had withdrawn the food from sale as a safety precaution, a statement...

Spain’s Deficit Tests Europe’s Financial Rules

 ONLY months after they tightened the rules for the euro, Europeans are again confronting a question posed a decade ago: Is their rule book in fact a little stupid? In 2002, Romano Prodi, then the president of the European Commission, provoked widespread criticism by using the word “stupid” to describe the Stability and Growth Pact, a set of rules intended to maintain the stability of the euro zone by imposing fiscal discipline on member states. Now Spain is pressing for leniency, using more polite language but a similar argument. Deep in...

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