October 23, 2013 |
Spain pulled out of two years of recession in the third quarter, news that should give a boost to the efforts of its prime minister to repair the nation's economy though tax increases and spending cuts. The Bank of Spain said Wednesday that gross domestic product grew 0.1% in the third quarter, compared with a 1.2% drop in the same period a year ago. The news, while positive, has been viewed skeptically by some economists who point out the Spanish economy has slipped more than once into recession in the last five years.
June 7, 2012 |
Fitch Ratings cut Spain's long-term issuer rating three notches to BBB from A, putting it two levels above junk. The ratings agency also set a negative outlook for the struggling country, citing worries about contagion from Greece and doubts about the Spanish government's ability to take strong action to shore up its banks without international support, given its “high level of foreign indebtedness.” The banking sector could require 60...
July 29, 2013 |
MADRID - Spain's prime minister and prince were among the somber throngs who crowded in and around Santiago de Compostela's soaring ochre cathedral for a memorial Mass on Monday for the 79 people killed in a train derailment last week. The cathedral is famous for welcoming thousands of pilgrims who every year hike an ancient footpath across northern Spain known as the Way of St. James. On Monday night, it welcomed thousands of mourners instead. The train derailed just outside the city on Wednesday, the eve of the region's biggest celebration, the Festival of St. James, honoring Santiago's patron saint.
April 11, 2010 |
Virgin Vacations has a "Barcelona at Its Best" package with flight and hotel for six nights starting from $1,111 per person from LAX, including tax. The price is $799 per person if you fly from New York. The deal: The offer is based on double occupancy. Barcelona is not the only European city included in the sale. Virgin Vacations has an assortment of packages priced low for last-minute travel in April to Prague, Czech Republic; Madrid; Dublin, Ireland; Paris; and other destinations.
October 10, 2011 |
The $1.5 billion Paramount Park in Spain hopes to rival Disneyland Paris as a European tourist destination when the movie theme park debuts in spring 2015. > Photos: Paramount Park Murcia theme park in Spain Located on the Mediterranean coast about 270 miles southeast of Madrid, Paramount Park Murcia will feature 30 attractions with an adjacent shopping center, hotels and casino. Construction is expected to begin in spring 2012 on a 100-acre theme park set around a central lake that will combine the themed lands of Disneyland with the movie backlots of Universal Studios . While not an investor, Paramount Pictures will license movie properties to the developer and provide design direction for the theme park.
March 30, 2010 |
Picasso and bullfighting are cultural touchstones in Spain. Now add Internet piracy. The unauthorized downloading and streaming of movies and television shows from the Web is a growing problem for the entertainment industry around the world. In a few key countries such as Spain, however, it has become an epidemic that is forcing movie studios to consider no longer selling DVDs in the country. A cavalier attitude toward piracy has made it mainstream behavior in Spain. "Almost everybody I know downloads movies," said Mercedes Carrasco, 45, a student from Caceres who downloads about two movies each week.
August 28, 2012 |
A well-intended but ultimately very underqualified octogenarian woman in Borja, Spain, has become something of an international art celebrity as her attempt to restore Elias Garcia Martinez's "Ecce Homo"-styled fresco transformed a more than century-old depiction of Christ into something else entirely. Many have decided Cecilia Gimenez's new look has given the painting a vaguely simian cast, while others have gotten more specific in noting the painting's uncanny resemblance to the monkey-like '80s toy Monchhichi . An inevitable satirical Twitter handle, @FrescoJesus , is more all over the map in deciding upon a resemblance, describing itself as a hedgehog in one instance and referencing its "action figure face" in another.
March 2, 1991
I read with amused chagrin Stanley Meisler's Feb. 12 article "Soaps Sending Spain Down Drain?" He writes that Spain's intellectuals are complaining that their country's addiction to "low-brow" soap operas produced in Latin American countries are reducing their people to a 10-year-old's mentality. Perhaps this is Latin America's ultimate revenge for the early Spaniards destroying the rich (and often advanced) culture of that region. The surviving natives fled and hid; denied both their culture and schooling, they become -- as one person in the article arrogantly put it -- "the illiterate and miserable population that lives below the level of material and spiritual subsistence."
June 8, 2012 |
Spanish officials are likely to follow those in Greece, Portugal and Ireland in asking for an international bailout when they participate in a conference call with representatives of fellow Eurozone countries Saturday, according to news reports. But there probably won't be any specific rescue plan for the country's besieged banking sector, according to the Guardian . On Thursday, Spain's credit worthiness was slashed to near-junk status by Fitch, which said the cost of a bailout would be as much as 100 billion euros.
December 12, 2011 |
Pedal to vineyards and medieval towns in northern Spain on a seven-day bicycle tour of La Rioja. The rural countryside, villages and castles in the foothills of the Pyrenees are the stars of this trip, which features easy hikes and five to 30 miles a day on a bike (easy to slightly difficult terrain). The trip begins and ends in Pamplona and stops at Puente La Reina, a winery in Olite, to sample Spanish wines, the castle and town of Ujue, Calahorra, a church in Laguardia, Santo Domingo de la Calzada, the hill town of Ezcaray and more.