Spain benchmark power price down 8 pct at auction

Spanish wholesale power prices used as a benchmark for retail prices in the coming quarter fell by 8.6 percent at a quarterly auction, organisers said on Wednesday. Spain’s power market is deregulated except for small consumers, who may choose between free-market or regulated “last resort” rates based on the so-called “Cesur” auction. http://mobile.reuters.com/article/idUSL6E7NL1ZF20111221?irpc=932 Posted from WordPress for Android – mobile blogging!

Waxwork of King of Spain’s son-in-law moved away from royal display after he was placed under investigation for corruption probe | Mail Online

Spain’s royal family has lost one of its members, at least in Madrid’s Wax Museum. The tourist attraction has moved the figure of the Duke of Palma, who is married to King Juan Carlos’s youngest daughter, out of the royal family display. It is because his non-profit organisation is currently under investigation for alleged misuse of public money. http://www.dailymail.co.uk/news/article-2077131/Waxwork-King-Spains-son-law-moved-away-royal-display-placed-investigation-corruption-probe.html Posted from WordPress for Android – mobile blogging!

AFP: Spain’s austerity leader Rajoy takes power

Spain swore in new conservative Prime Minister Mariano Rajoy on Wednesday, putting him at the helm to steer the country out of an economic crisis through tough spending cuts. The bearded Galician, 56, took the oath of office a month after voters confronted by a worsening economy ousted the governing Socialists in an early election. With more than five million people unemployed and warnings of a fresh recession looming, Rajoy has vowed to create jobs, Continue reading AFP: Spain’s austerity leader Rajoy takes power

Are British expats in Spain really running scared? – Expat – My Telegraph

It’s OK, folks! The cavalry is coming. This Christmas as a million British expats (Is that all? Can’t we beef it up? Ed) prepare to huddle on beaches, in coach stations and at airports throughout Spain, a few paltry possessions in hand, it’s great to know that soon they’ll be whizzed off back to the good old UK by storm troopers sent to rescue them from an apparently inevitable financial melt down of Spanish banks Continue reading Are British expats in Spain really running scared? – Expat – My Telegraph