The rapid deterioration of the Spanish economy and the lack of liquidity conditions in the property market have forced banks to make a record number of foreclosures in Spain since 2007, according to a report by Moody "s Investors Service. These foreclosures rise the severity of losses and liquidity choke [...]

Changes almost half of his cabinet changes 7 of 17 ministries. Rubalcaba, Vice President and Minister of Interior spokesman. Rubalcaba clear commitment to succeed Zapatero, if the candidate is not finally in 2012. Get two historical positions: De la Vega and Moratinos. Changes: Rosa Aguilar (Environment), Trinidad Jiménez (Foreign), Ramon Jauregui [...]

Businesses and the public sector will have to pay its suppliers as a general rule within 30 days, according to the new Community legislation to combat late payment in commercial transactions definitively approved Wednesday by the plenary of the Parliament by 612 votes in favor, 12 [...]

China has moved in the currency war tab, although it has been a modest rise in interest rates (0.25 points to 5.56%). The increase represents an attempt by the Chinese authorities to control inflation and reorder their own economic growth. The move could weaken the dollar against the yuan and [...]

A court in Seville has failed for the first time in favor of the nullity of the terms 'soil' in mortgage lending considered abusive practice, said Monday the association of users of banking services AUSBANC, citing the judgment. "The ground clause contracts variable rate loans concluded with consumers [...]

Conclude that it is the right time to buy a home is not an easy process for people who want access to a residential property. In this long and grueling housing crisis, citizens have come to know details that speak of the collapse in demand, the cut of [...]