Porromponpero, el PP ganara con mayoria absoluta las elecciones en la comunidad de Madrid, para el resto francamente lamento mucho que no esten a la altura democratica que Madrid.Los mejores precios de actividades en Madrid los encontrarás en l3b.es
Read the rest here:
Que nos apostamos a que en la comunidad de Madrid el PP ganara con mayoria absoluta?
Spanish savings banks have begun selling off the large property portfolios they acquired as collateral from loan defaults, in an effort to improve solvency ratios, a move that risks further falls in property values that could impair the value of their asset books. In Spain, the global financial crisis that erupted in 2007 ended a real-estate and construction-based asset boom, plunging the country into a recession that has yet to end, even as many other European economies have returned to growth. As the unemployment rate has soared to more than 19%, residential-property buyers have defaulted on loans in massive numbers, as have property developers, overleveraged in a moribund market. As lenders have assumed the collateral on defaulted loans, local financial institutions—particularly unlisted savings banks—have collected properties valued at about €8.5 billion ($12.2 billion) over the past 12 months. So far the banks have held on to the vast majority of these properties, hoping an eventual economic recovery will allow the disposal of these assets at acceptable prices—a strategy they successfully adopted during a recession in the early 1990s. Accumulating properties also stopped a sharp drop in prices, avoiding the painful write-downs banks are required to book when the value of their assets falls. Until now the strategy has worked. Spanish property prices have been unusually resilient. Average prices have dropped by a modest 9% over the past 12 months. In the last five years of the housing bubble, average prices jumped 71%, according to Housing Ministry data. But now banks are facing new demands for liquidity that will force them to sell more property. They are drawing up sales strategies, creating real-estate management divisions and offering discounts in an effort to lure buyers. Solvency pressures on the banks come from several directions. First, the downturn has meant smaller inflows of cash held in deposits and bank accounts. Second, the Bank of Spain recently required local financial institutions to set aside more money to cushion potential losses from a drop in the value of repossessed properties. Banks must now set aside 20%–up from 10%–of the value of a property held on their books for more than one year. Finally, a big restructuring of the savings-bank sector is in the cards, for which banks need funds to clean up their loan books. Such incentives to liquidate property portfolios have banks looking to sell. “Three of the five real-estate companies that have sold the most properties this year are controlled by financial institutions,” says Manuel Romera, head of the Financial Sector Program at Spain’s IE Business School. Bank disclosure on property sales is limited. Unlisted savings bank Caja Madrid, Spain’s fourth-largest financial institution by assets, said it has sold 600 properties from January to September for about €100 million and estimates it has €1 billion in real-estate assets. The bank launched a Web site, set up a call center and will have desks at some branches to sell properties. Smaller rival Caixa Catalunya said it unloaded 800 properties from a total of 3,600 properties it reported owning as of May, while Banco Santander SA, the country’s largest bank by assets, said it unloaded some 1,000 properties from January to October. In April it reported owning some €4 billion in real-estate assets. However, banks “are realizing that unwinding real-estate assets is much more complicated than expected,” says José Luis Suárez, financial management professor at IESE Business School. “The short-term outlook isn’t positive.” In the absence of an active real-estate market, the process of price discovery could show market values of many properties are far lower than their book values. Analysts say that some banks and saving banks, particularly small ones, could suffer losses in the first half of 2010. They say banks with high levels of expenditure to income may be in trouble. “Growth and employment prospects for Spain are markedly more pessimistic and, together with falling support from immigration and foreign demand, it is difficult to argue in favor of any near-term housing market recovery, especially in the face of a massive supply overhang,” HSBC said. The research department of Spanish bank BBVA estimated in June that Spanish housing prices would fall by 10% in 2009 and by 12% in 2010. It envisioned a total 30% peak-to-trough drop. A new review in December didn’t change that forecast. According to the Bank of Spain, 70% of a total of €30 billion in real-estate assets owned by financial institutions is now in the hands of savings banks, many of which are comparatively small and regionally focused. Were BBVA’s estimate of the fall in house prices to prove accurate, the value of the €30 billion of real-estate assets held by banks could fall some €6.6 billion in the next two years. To avoid these losses from becoming a bigger problem–perhaps necessitating state intervention—the Bank of Spain is encouraging banks to look for merger partners. The central bank believes that fewer, bigger banks would improve efficiency and strengthen solvency. More than a dozen of the country’s 45 savings banks are now in tie-up talks. So far, only one Spanish financial institution, savings bank Caja Castilla-La Mancha, has needed a state bailout. But two other banks—the Andalusian savings bank CajaSur and the Catalonian savings bank Caixa Catalunya—have already run into trouble after seeing default levels increase far above the industry average because of their high exposure to real-estate development. As a result, both of the banks are now discussing mergers. Caixa Catalunya is talking with Caixa Tarragona and Caixa Manresa, which, if a deal goes ahead, would create the fourth-largest savings bank in Spain. CajaSur is talking with Unicaja and Caja Jaén, which would create the sixth-biggest savings bank in Spain by asset volume. Story from Wall Street Journal
Here is the original post:
Spanish Banks Saddled With Property Debt
kiero enamorarme (ese chico a de ser de cornella o hospitalet ) de 17 a 20 xaoEncuentra hoteles en Cornellá al mejor precio en l3b.es
See the rest here:
¿dnde puedo encontrar al chico k me aga enamorarme otra vez?¡?
Unless it turns out to be a false dawn, the housing markets in the UK and the US may be seeing the light at the end of the tunnel. Can the same be said for Spain? Spanish housing market experts can’t agree on the answer, according to an article online at the Spanish news site elconfidencial.com. Some say there are still big price falls in the pipeline, whilst others say prices are set to stabilise. Real Estate Consultants Aguirre Newman say that Spanish property prices are still over-valued by 27%. International investment bank Morgan Stanley say prices are still 10% over-valued, perhaps more considering that, by some measures, prices should fall by 58% from the peak. When you compare property prices to income and rents, Spanish property prices “should fall much more than in the US or the UK to return to adequate levels,” they argue. And this week BBVA, Spain’s second largest bank, published a new report arguing that Spanish property prices will fall another 20% over the next couple of years. Spanish savings bank Caixa Catalunya argues that the market is at or near its inflection point, with prices already starting to rise in some areas. Caixa Catalunya has many reasons to wish prices to rise, having been caught out more than most lenders by Spain’s property crash. Global bank HSBC are also mildly optimistic that the worst is over. They point out that price falls are starting to decelerate (based on official figures that I would consider worthless) and that mortgage lending has picked up slightly. But they also note that other indicators like transactions are still highly negative, suggesting a shaky recovery at best. Who’s right? Only time will tell. I, for one, am still in the bear camp when it comes to the overall market. But if you are talking about prime and A grade property, I’m not so sure. 2010 might be the year to pick up prime and A grade Spanish property at a great price. But to do so you’ll have to do your homework, and know your Spanish property segments. Story from Mark Stucklin
Hola, yo vine de visita a la rioja, argentina y me encontre una lagartija y por fotos creo q es de arena, y quisiera si me pueden ayudar para saber como armarle un habitad y que comen o que cuidados necesitan. GraciasSi buscas el mejor precio de restaurantes en La Rioja, búscalo en l3b.es
Original post:
me ayudan?
Spanish-based blogger Mathew Bennett and Edward Hugh have started doing podcasts. The first covers the Spanish economy and how events elsewhere in Europe are affecting it. Access the podcast (approx 40 minutes duration) Among the points covered are: How does what’s happened in Dubai affect the economic situation in Greece, Spain and the EU? Are left- or right-wing political parties causing or solving more problems during the recession? Will the Germans, the French or the EU be able to bail out several European countries at the same time if there are several sovereign defaults? Are the ECB and the EU trying to pre-empt the IMF in Greece and Spain? What are the underlying structural problems with the eurozone funding plan? Why is the ECB channelling funds through monetary and financial institutions to buy up government debt in the eurozone? How the ECB is trying to use a carrot and stick approach with eurozone governments to control national government deficits and public policy? Is IMF intervention now inevitable in Greece? Will the ECB will try to play politics and pressure Zapatero in the run up to the 2012 general elections in Spain? Is the situation in Spain similar to the situation in Greece? Why don’t Zapatero and the Spanish government seem to be reacting? Why is there no coherent plan to get Spain back on its feet? What is going on with Spanish banks? Will unemployment in Spain reach 25% by the end of 2010? Which is more important in Spanish economics: image or hard data? Will it be possible for the Spanish government to reduce the deficit from over 10% of GDP to less than 3% by 2012 or 2013? What state will the Spanish economy be in by the end of 2010? What will happen to Spain when the ECB raises eurozone interest rates? Might Spain soon be in a worse economic position than Greece? What are the ratings agencies trying to achieve with their warnings on Spain? Why won’t the Spanish government tell the Spanish people the truth about what’s going on with the Spanish economy? Is José Luis Zapatero really the biggest problem for the Spanish economy right now? Story from Spain Economy Watch
Read the original here:
Podcast: Spanish Economy
JORNADA 10 – Concurso Liga 07-08© Porra: 1. Depor-Mallorca 2. Atlético-Sevilla 3. Valladolid-Barça 4. Valencia-Madrid 5. Almería-Zaragoza Pregunta: ¿Qué portero/s encajara/n menos goles?; ¿Que jugador/es metera/n mas goles?Encuentra rutas culturales en Almería al mejor precio en l3b.es
Original post:
JORNADA 10 – Concurso Liga 07-08©?
The latest services PMI data suggests that the Spanish economy remains on a downward trajectory. The fact that variables such as activity, new orders and employment all fell at sharper rates during November is real cause for concern, with the prospects for 2010 becoming increasingly gloomy According to Spanish Prime Minister José Luis Rodriguez Zapatero Spain’s government is firmly committed to reducing its fiscal deficit, and is intent on lowering it as requested by the EU Commission by 1.5% of GDP annually, until it finally brings it within the EU 3 per cent of gross domestic product limit by 2013 at the latest. What’s more he is quite explicit about how this is going to be possible: Spain is right now, and even as I write, on the verge of emerging from the long night of recession in whose grip it has been for the last several quarters. As such it will soon resume its old and normal path onwards down the highway of high speed growth. There is only one snag here: few external observers are prepared to share Mr Zapatero’s optimism. “The return to growth and the expected fiscal consolidation will allow us to reach the stability pact objectives by 2013,” Mr Zapatero said in a speech last week, using a rhetoric by which few outside Spain are now convinced, and indeed only the day before the credit rating agency Standard & Poor’s had revised its outlook for Kingdom of Spain sovereign debt to negative from stable. The decision followed their earlier move last January to downgrade Spanish debt by revising their long term rating from AAA to AA+. S&Ps justified their latest decision by stating that they now believe Spain will experience a more pronounced and persistent deterioration in its public finances and a more prolonged period of economic weakness versus its peers than looked probable at the start of the year. So things have been getting worse and not better, and indeed, the EU Commission themsleves seem to take a similar view, since while they have lifted their immediate excess deficit procedure in the short term their longer term worries have only grown. Standard and Poor’s feel that reducing Spain’s sizable fiscal and economic imbalances requires strong policy actions, actions which have yet to materialize, and the EU Commission and just about everyone else agree, and the only people who seem to take the view that the current policy mix is “just fine” are José Luis Zapatero, and the political party that maintains him in office. As Standard and Poor’s stressed, their decision to revise the Spanish sovereign outlook to negative reflected the perceived risk of a further downgrade within the next two years in the absence of more aggressive actions by the authorities to tackle fiscal and external imbalances. It is the continuing silence which surrounds this absence which is so ominous, and makes the concerns of the EU Commission and the various ratings agencies at this point more than understandable. Story from Spain Economy Watch
Read the original post:
Standard & Poor’s Worry About Spanish Finances
necesito empadronarme en madrid para realizar un tramite, pero estoy empadronada en valencia, la pregunta es. ¿antes de ir a madrid debo presentarme en la oficina de valencia para darme de baja. o me voy directamente a la oficina de madrid?. muchas gracias.Si buscas los mejores precios de actividades en Valencia, búscalos en l3b.es
See original here:
que debo hacer para empadronarme en madrid si estoy empadronada en valencia?
ES Q QUIERO INDEPENDIZARME MIS PADRES AUN CON 30 AÑOS ME CONTROLA Y QUIERO SABER SI SOY LA UNICA PORQUE ES DEPRIMENTE. Se mucho de InformaticaPara encontrar el mejor precio en vacaciones en Albacete, visita l3b.es
View original post here:
Quiero saber si hay algun trabajo en Albacete que no sea de limpieza para gente sin experiencia?
