The pound has hit 1.25 against the euro this past week, its highest rate since Oct 2008, as Spain struggles to get to grips with its banking sector and Greece contemplates a euro exit. So what next for the continent in crisis, and the exchange rate? Here is my latest update of the British pound to euro exchange rate, covering [...]
Banks in Spain, service with a smile?
I had to grimace recently when I saw an article in El Pais (‘conservative’ national Spanish newspaper) which reported that the economy ministry in Spain is about to issue an order for banks in Spain to clarify their charges to customers. Evidently, along with Italy, Spanish banks are the most costly banks in the EU. This, I am afraid, comes [...]
SPAIN, SPANISH BANKS AND THE SPANISH ECONOMY
In these troubled times, it is a bore to feel the necessity to ‘harp on’ about Spain’s problems. However, they are an unavoidable topic here in Spain – with the ‘crisis’ (the word is the same in Spanish) on everyone’s lips wherever you go. This is hardly surprising given the horrendous rate of unemployment in Spain (somewhere well in excess [...]
SPANISH PROPERTY FOR SALE – AND THE SPANISH BANKS
It is, of course, no secret that the banks in Spain are now the biggest owners of property in Spain. Naturally, this is not something that they welcome and, as a consequence, several have their own estate agencies (for example, Mediterráneo for the CAM bank and Habitat for Bancaja) to dispose of these properties. The question is whether, as a [...]






