240 billion in ‘problematic exposure’ (22.02.12)

YEBES, Spain — It is a measure of Spain’s giddy construction excesses that 250 row houses carpet a hill near this tiny rural village about an hour by car outside of Madrid.

The few families who live in Yebes, where some roads were built for units that were never started, keep dogs to ward off strangers.

Most of these units have never sold, and though they were finished just three years ago, they are already falling into disrepair, the concrete chipping off the sides of the buildings. Vandals have stolen piping, radiators, doors — anything they could get their hands on.

Those few families who live here keep dogs to ward off strangers.

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CRA Press Report – February 2012 (20.02.12)

the council has declared for some time now that adoption/completion was scheduled for the end of February

Camposol Residents Association

After seeking information regarding Camposol developer Masa’s seeming inactivity in completing Sector A at a time when the expected adoption by the Mazarron administration was fast approaching, we were surprised at some of the disclosures that were made by a council representative.

The first revelation was to hear that the sector would be accepted for adoption prior to its satisfactory completion, this being totally at variance with both what we have been led to believe would happen and what we understand is necessary to meet legal requirements. Apparently the reason given for this situation is to allow Masa carry out the required remedial work to the roads on A and B at the same time and this would result in a more cost effective option by reducing the surfacing contractor & their equipment to one visit. However this does not explain why Masa are absent rather then simply continuing to progress on Sector B. When this point was made the reply  was rather vague but did seem to suggest that it revolved around financial issues.

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More than 3.300 local firms go under, owed millions by authorities that don't pay (18.02.12)

“These days providing services to the administration is a costly business. It is a high risk profession because we are permanently in temporary receivership”. This illustrative reflection comes from the President of Malaga’s Chamber of Commerce (CEM), Javier González de Lara, when considering the difficult situation thousands of small and medium-sized firms find themselves in as they are owed a total of 500 million euros by town halls or provincial, regional and state authorities. ...read more

The liter of gasoline touches the 1.4 euros, its highest ever The previous record average price was recorded the week of May 5, 2011 to be sold at 1.381 euros per liter El litro de la gasolina roza los 1,4 euros, su máximo histórico The liter of gasoline touches the 1.4 euros, its highest ever EFE EFE / MADRID The average price of gasoline set a record by selling out to 1.392 euros in the last week, representing an increase of 0.87% over the previous high, as oil bulletin data collected by the European Union Efe. The previous record was recorded the week of May 5, 2011 to be sold at 1.381 euros per liter. Meanwhile, diesel prices increased by 1.9% in the last week to sell to 1.350 euros per liter. So far this year, the price of both fuels accumulated an increase of 2.84% for gas and 1.1% for diesel. With respect to the same time last year, gasoline, exceeding for the first time the dimension of 1.3 euros per week of February 28, 2011, is 9.7% more expensive, while diesel fuel, which exceeded the 1.3 euros in April last year, prices increased 9.4%. Meanwhile, the price of diesel, which has experienced strong fluctuations, this week is a penny cheaper than the maximum level marked a month ago, when it stood at 1.360 euros per liter. So, fill half a tank of 55 liters of gasoline costs 76.6 euros this week and do it with diesel 74.2 euros. Prices that, compared with a year earlier, supposed to pay between 6.8 and 6.3 euros, respectively. In the past month, the price of both fuel chains up 1.9% for gas and a decrease of 0.7% for diesel. A barrel of Brent crude, a benchmark in Europe, currently trades in the vicinity of $ 119 after Iran's state television report yesterday about a possible suspension of Iranian oil exports to six European countries. Thus, gasoline 95 octane unleaded sells for an average of 1.584 euros per liter in the EU-27 and euro area pay 1.612 euros per liter, while diesel fuel price is 1.485 euros and 1.470 euros respectively. (17.02.12)

The previous record average price was recorded the week of May 5, 2011 to be sold at 1.381 euros per liter

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Immigrants Lose in Imploding Spanish Housing Market: Mortgages (15.02.12)

 Sharon Smyth wrote the following on Bloomberg:

 Lamin Numke, a 34-year-old man from the Republic of Mali, is one of the millions of immigrants who settled in Spain during the real-estate boom, attracted by plentiful jobs and cheap mortgages, only to default on his loan.

Today, borrowers like Numke are the most likely to fall behind on mortgage payments and lose their property, according to a Moody’s Investors Service study of 890,000 mortgages from 2006 through 2008. The average default rate for foreign residents is “strikingly high compared with mortgage loans to Spanish residents,” Moody’s wrote in the report last month.

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the intense cold to lift (14.02.12)

Intense cold will start to leave the Murcia region later this week

The morning cold spell is removed to make way for a new front on Wednesday, will allow to rise in the minimum. The weekend thermometers begin to return to normal

The cold weather is in the Murcia region until mid-month (13.02.12)

The northwest, the highlands and Espuña woke with a layer of snow of up to five centimeters

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Carnival, I love you! (11.02.12)

For the first time the carnival comes to Puerto de Mazarron with a parade down the Promenade

ANN0UNCING GRAND AUCTION (25.01.12)

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.. to be held at: Restaurante Mariano, Camposol A on FRIDAY 3RD FEBRUARY 2012 €10.00 to enter 3 items - with a reserve price if required. FULL auction price paid to seller. ITEMS REGISTERED: 9.00 am - 10.00 am VIEWING: 10.00am - 12.00 noon HAMMER DOWN................ 1.00 pm Do you have any unwanted items to sell? Well bring them along to our auction! If you have anything you would like to place in the auction please phone the following numbers by this weekend so a sales list can be put together. AGE CONCERN : 634310215 and 634336484

Spanish Hero died fighting in the heart of Murcia in 1812 (17.01.12)

This is a google translation of an article from La Verdad de Murcia

Died fighting in the heart of Murcia

Two hundred years ago, General Martin de la Carrera succumbed to the French soldiers fire on San Nicolas de Murcia General Martin de la Carrera died for the cause of Ferdinand VII. << >> Before his death, "at his feet several enemies destroyed by his sword" In the Plaza de Santa Catalina was abandoned by his troops, who retreated before the onslaught of the French

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