Spain to start housing rebound in 2012-BBVA
The News Review:
- Spain to start housing rebound in 2012-BBVA
- Spain jobless number falls for 1st time in 14 mths
- Spain puts Nadal loss down to bad day at the office
- Bachelorette spoilers: Who goes to Spain and Hawaii with Jillian …
Spain to start housing rebound in 2012-BBVA
Reuters
BBVA said prices would fall 30 percent from their 2007 peakto the end of 2011 compared to a trebling of prices in the 10years to 2007. Sales have tumbled 34 percent in the year to March accordingto government figures amid Spain’s worst recession since the1936-39 Civil War and tight lending conditions. “It seems reasonable to assume that a good part of theadjustment could be over by 2012″ Mayte Ledo chief scenarioseconomist at BBVA’s research department said in a presentationto journalists in Madrid. The bank the country’s second biggest said it estimatedSpain had approximately 1. 2 million unsold new homes after aspeculative bubble encouraged a decade of rampant building alongthe coast and ringing almost every major town and city. The market would only start to absorb the extra stock fromthe first quarter of 2010 BBVA said as builders request lessthan 200000 new home permits this year and next compared toover 800000 in 2006.
Spain jobless number falls for 1st time in 14 mths
Reuters
“The measures put in place by the government are putting thebrake on job destruction” said Employment Secretary GeneralMaravillas Rojo in a statement. Jobless claims fell across all sectors from industry toagriculture as firms cranked up for the key summer touristseason and consumer confidence recovered after the twin shocksof the global crisis and a domestic housing collapse. The government said it was too early to call a turning pointin unemployment but saw job destruction slowing after a year inwhich Spain delivered about half of all layoffs in the EuropeanUnion. The fall in dole claims cut total joblessness to 3. 62million still the highest absolute level of any euro zoneeconomy including Germany which has nearly twice thepopulation. Spanish unemployment rose to 17. 4 percent in the firstquarter and the European Commission expects it to top 20 percentnext year because Spain is forecast to be the last member of theEuropean Union to exit recession likely in 2011.
Spain puts Nadal loss down to bad day at the office
guardian.co.uk
The world number one who was seeking a record fifthconsecutive title crashed to a fourth round 6-2 6-7 6-4 7-6defeat to the Swedish 23rd seed. Emilio Sanchez Vicario who captained Spain’s Davis Cup teamto victory over Argentina last year watched the game ontelevision from Barcelona. “Soderling played very well and that is tennis sometimes”he told Reuters. “In tennis there are times when one player gets into thegame and the other player can’t find his rhythm.
Bachelorette spoilers: Who goes to Spain and Hawaii with Jillian …
Examiner.com
"Traveling north Canada becomes Jillian’s personal playground with the guys as she takes some of the bachelors to her hometown of Vancouver showing them the city sights through her eyes. Then she takes one man ziplining through a mountain in Whistler and six of the men get a truly romantic surprise traveling on The Rocky Mountaineer for a spectacular cross-country train journey stopping for dates in some of the most beautiful places in North America. " -general season descriptionAfter hometown dates the surviving men will travel with Jillian to Spain (episode 8). Wes Reid Ed and Kiptyn and predicted to be among the final four with Wes going home before the final three.
Related from Thebreakpage: ‘The Bachelorette’ star Jillian Harris eliminates four more bachelors
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