Tag Archives: finance

ATM charges double in the last years

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According to a study published today, the average Spanish charge to use your credit card at a hole in the wall that doesn’t belong to your bank is now 3,5€, double what it was before the crisis. Adicae, the people behind the study, reminds holidaymakers to plan ahead about where best to withdraw cash when on holiday – after all, 10 withdrawals in a fortnights holiday is equal to 35€ in commission. Check your conditions Continue reading ATM charges double in the last years→

Spain threatened by resurgent credit crunch

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More than a century ago, Manuel Rodriguez left his fishing village on Spain’s southern coast and moved to Madrid to build guitars for local flamenco musicians. Three generations on, the family is still in the trade. Based in the small town of Esquivias south of the capital, Guitarras Manuel Rodriguez and Sons turns out more than 5,000 handcrafted flamenco and classical guitars every year, along with a small range of other wooden instruments. Despite the Continue reading Spain threatened by resurgent credit crunch→

Spain to Slim Public Companies That Have $75 Billion Debt

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Cabinet approved new pay limits at public companies and reduced board members before a full overhaul of the sector aimed at curbing spending to meet European Union budget pledges. “The Cabinet will examine in a few weeks the first phase of a restructuring of the state-owned companies,” Deputy Prime Minister Soraya Saenz de Santamaria told reporters after the weekly meeting in Madrid today. Spain’s two month-old government is trying to slim down state spending that Continue reading Spain to Slim Public Companies That Have $75 Billion Debt→