British Land puts European properties up for sale

Property developer looks to offload £244m retail assets, which have been hit by economic crisis in Spain and PortugalThe property developer British Land is looking to sell its £255m portfolio of retail properties in mainland Europe after the assets lost almost a fifth of their value on the back of the economic crisis in Spain […]
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Pedro Almodóvar’s Spanish disaster script is all too realistic

Director’s take on Spain’s economic jeopardy, I’m So Excited should remind the Rajoy government that the end is still in doubtA plane circles in the sky with a damaged undercarriage. The passengers get up to high jinks as they wait for the inevitable crash landing. A cast of call girls, gay cabin crew and a crooked […]
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Santander chief Alfredo Sáenz resigns

Head of eurozone’s largest bank quits after long-running row over past criminal convictionOne of Europe’s most powerful bankers, the Santander chief executive, Alfredo Sáenz, has resigned after a long-running row about whether he should be banned from heading the eurozone’s largest bank.The shock replacement of 70-year-old Sáenz by internal candidate Javier Marín comes just two […]
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Sacré bleu! French holidays lose appeal for Britons

Visitor numbers slump by a fifth in four years, but Spain, Belgium, Italy and Norway all see a riseFrom Henry V to Peter Mayle, Britons have long been invading France with enthusiasm in order to claim a small corner of it for themselves.But figures published by the Office for National Statistics suggest that the nation’s […]
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Catalonia says no to austerity in standoff with government

Spending cuts ‘impossible’, says Catalan economy minister, as region stalls for time ahead of expected easing of deficit targets from BrusselsThe Spanish region of Catalonia will not make the spending cuts necessary to achieve its 2013 budget deficit as they would be impossible to impose, the region’s economy minister Andreu Mas-Colell told Reuters.Catalonia would need […]
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King Juan Carlos of Spain: a fairytale told by politicians | Miguel-Anxo Murado

The Spanish monarchy’s legitimacy was based on symbols, metaphors and, first and foremost, on storytellingKing Juan Carlos of Spain must be one of the most Shakespearian kings, ever. His grandfather was ousted from the throne like Richard II, and like Richard III, his brother was killed (though in Carlos’ case it was a tragic accident). […]
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Osborne’s autumn statement means a bad year for him is about to get worse

The economy is still flatlining, GDP is below where it was in 2008 and the chancellor has had to water down his austerity plansBooed at the Olympics. Author of the worst received budget in memory. In charge when the economy plunged into its first double-dip recession since the 1970s. It has been a year to […]
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Recession is only one explanation for the drive for secession | Paolo Dardanelli

Breakaway parties in Belgium, Scotland and Catalonia are fuelled by a complex mix of issues around identity and sovereigntyIt’s always tempting to look for straightforward explanations for complex phenomena. The latest example is the rise of secessionist parties in several European countries, notably Belgium (Flanders), the UK (Scotland) and Spain, where this weekend Catalonia is […]
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