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Richard Ford wins Princess of Asturias Award for Literature
American writer Richard Ford received the Princess of Asturias Literature award in Oviedo on Wednesday. Eight prizes are awarded annually, with the prize-giving ceremony later in the year that gathers the winners here at the Hotel de La...
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How ‘smart city’ technology is connecting Europeans
Urban sprawl is the reality for two out of three people living in Europe. This edition of Real Economy comes from the Spanish city of Valencia. As we move to urban economic powerhouses for jobs and opportunities we also have to deal with...
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A panoramic view of European photography
This year PhotoEspaña Spain’s international festival of photography and visual arts, features 300 photographers from approximately 30 countries. One aim is to provide a panoramic view of photography on the European continent, as seen in...
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Santander’s Madrid HQ raided in tax evasion probe
Police have raided Spanish bank Santander’s headquarters in Madrid as part of an investigation into possible tax evasion. The raid, seeking documents related to a number of accounts, was carried out on the orders of Spain’s High Court...
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Banco Popular latest capital increase causes share sell-off
Banco Popular’s share price continued to fall on Friday after it announced a second 2.5 billion euro sale of new shares in less than four years. That is because it is stuck with so many mortgages that are unlikely to be ever paid back....
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Show me the money! Check out the football finances of Euro 2016
The super expensive striker Cristiano Ronaldo is worth four times the entire Hungarian national team – in transfer fee terms. That is just one of the fascinating facts revealed by a financial study of the 2016 European football...
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Spanish unemployment falls below 4 million as tourist influx boosts hiring
Spain just saw its biggest fall in unemployment ever recorded in the month of May. The number of Spaniards registered as being out of work fell last month by three percent from April as nearly 120,000 fewer people signed on as jobless....
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Stefan Zweig, adolescent lust, comedy and art in Europe’s cinemas
Time to take a look at some of the best European releases of recent weeks. ‘Stefan Zweig: Farewell to Europe’ directed by Maria Schrader’s charts the years of exile in the life of the famous Austrian writer who fled the rise of Hitler’s...
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Peace of the Pyrenees Velazquez in Bayonne
Works by the Spanish master Diego Velazquez are on show in Bayonne at the Basque Museum. It marks a considerable, yet worthwhile investment for the museum. Une trentaine de Vélasquez prêtés par le Prado au Musée Basque de Bayonne...
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EU gives Spain, Portugal more time on deficits
The European Commission has shied away from punishing Spain and Portugal over their excessive budget deficits. The EU executive has the power to fine governments that consistently spend more than they receive in tax revenues. Spain...
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Services and construction jobs reduce Spanish unemployment total for April
Seasonal factors meant the number of people registered as unemployed in Spain fell in April by two percent. The biggest workforce gains were in the services sector followed by construction. The total – though down by 83,599 – is still...
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Spain wants to slow deficit reduction
Spain says it wants cut its government deficit this year and next at a slower pace than originally agreed with the European Commission. That comes after it badly missed deficit reduction targets for 2015 leading to a big budget gap....
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Spain looks to turn back the clock and end the siesta
Spain’s acting prime minister has unveiled plans to do-away with the siesta, the country’s traditional afternoon nap time. Mariano Rajoy wants to cut the the working day by two hours to bring the country into line with its European...
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Wine war: French ambassador summoned over Spanish truck attacks
Spain’s Foreign Ministry has summoned France’s ambassador after French farmers hijacked Spanish trucks at the border and drained their cargo of wine. It happened at a toll barrier at Le Boulou in southern France. Those involved say they...
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Santander to close hundreds of Spanish branches
Santander is to close around 450 smaller branches in its home country Spain this year. It is partly because of the shift to internet banking but also to cut costs, according to an internal memo sent to employees by the bank’s chief...
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Zara owner Inditex to slow shop openings in online sales move
Inditex has said it will slow the pace of new shop openings as it moves more towards online sales. The owner of brands Zara, Massimo Dutti and Bershka will aim for new sales space growth of six to eight percent in coming years....
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Spain hits out at Turkey migration ‘deal’
Spain hit out on Monday at a German-brokered migration deal with Turkey that will be debated by EU leaders later this week. Chancellor Angela Merkel hammered out the outlines of an accord last week that would see Turkey take back...
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Virtual reality takes centre stage at Mobile World Congress
The feeling at the Mobile World Congress industry show in Barcelona is that it is going to be a tough year for the makers of smartphones, tablets and other connected devices. The developed world is reaching saturation point while in key...
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ARCO Madrid marks 35th anniversary
One of Europe’s biggest contemporary art fairs, ARCO Madrid celebrated its 35th anniversary this year. With more than 200 galleries from some 30 different countries, the event featured an array of works ranging from paintings and...
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Spanish unemployment shows slight rise, but underlying numbers stable
The number of people registering as out of work in Spain rose slightly in February compared with January. The increase – by 2,231 – brought the total to 4.15 million. But at the same time the number of registered workers rose to just...
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Eurozone GDP growth still weak, Greece in recession again
Eurozone economic growth continues to be weak. In the final three months of last year gross domestic product (GDP) expanded 0.3 percent quarter-on-quarter, the same pace as in the July to September period. For all of 2015, GDP in the 19...
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State of the Union: Fighting for justice in Spain
Basque separatist group ETA declares it has completely dismantled and put an end to all its activity, ending an almost sixty-year guerilla campaign. In 2011 ETA declared a ceasefire, and last year handed over weapons, bringing Western...
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State of the Union: New governments in Spain and Italy - what a difference in tone!
In this edition of State of the Union, our weekly review with Stefan Grobe: Spain’s remarkable new government – in sharp contrast to the new leadership in Italy. Sebastian Kurz is one of Trump’s favorites, Putin’s last friend in western...
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French economy at walking pace as Spain sprints ahead
France’s economy remains lacklustre. Growth for the final three months of last year was 0.2 percent slightly down from the previous quarter’s 0.3 percent. Official statistics just released show household spending declined after the...