Spain asking for a “total emergency bailout” of 300 billion euros from Germany, according to Reuters

Reuters, the news agency, has claimed that Spain has secretly asked Germany to prepare a 300 billion euros bailout package to rescue the state after a number of regions within Spain have claimed bankruptcy and asked for bailouts. Citing a “senior government official”, the news agency said that: Spain has for the first time conceded it might need a full EU/IMF bailout worth 300 billion euros ($366 billion) if its borrowing costs remain unsustainably high, Continue reading Spain asking for a “total emergency bailout” of 300 billion euros from Germany, according to Reuters

Gypsy shootout in Almeria leaves two dead, several injured

The Guardia Civil have made a series of arrests in relation to this mornings shootout between two rival Gypsy families in the Almerian suburb of Costacabana. It happened at around 3,30 am. Police have said the shootout started over an argument about “business matters” between the two interlinked families. Someone pulled a gun, someone else went to get Gramps’ shotgun, and we end up with two dead Gypsies, a couple injured and several arrests. The Continue reading Gypsy shootout in Almeria leaves two dead, several injured

5.693.100 unemployed – even in summer, a further 53.500 unemployed

Spains unemployment has soared to record levels this summer, despite the fact that summer is traditionally the period where, what with beach bars, hotels and whatnot, unemployment drops due to temporary summer work contracts. A further 53.500 people lost their jobs last month to June, about 1% of the total, bringing the total number of unemployed up to 5.693.100 across the nation at the beginning of this month, or 24.63% of the active workforce. 53.28% Continue reading 5.693.100 unemployed – even in summer, a further 53.500 unemployed