Castle Asia Share Discussion Threads

[glennborthwick] 30/10/2013 18:46

www.kyero.com

[miata] 27/9/2013 08:59

Spain considering changing to the UK timezone.

[miata] 13/5/2013 11:24

From FTalphaville today: ( ! )

PM What's the index doing Bryce?
BE Well, the ripple effect from the massive capital flight out of Spain among readers of the Daily Telegraph has pulled the FTSE 100 lower by 0.3%.
BE We are down 21 points at 6603.

[miata] 08/5/2013 09:49

A spokesman for the European Commission says: 'We have been receiving an increasing number of complaints about the European health insurance card being refused in Spain by certain public hospitals.

Official figures published last week revealed how Britain spent £247 million treating Spanish citizens last year. However, Spain spent just £3.2 million treating British people.

I recently queried the higher premium for travel insurance covering Spain and was told Spanish claim amounts are the highest in Europe.

[miata] 02/5/2013 10:18

New Spanish tax laws affecting an estimated 200,000 British expats, have sparked panic, prompting some to leave the country or hand in their residence cards at town halls before today's deadline (30 April), fearing a Cyprus-style money grab.
Opponents, including Spanish politicians, have branded the new asset declaration law discriminatory, and fear an exodus of EU residents from the fragile economies of the coastal towns.
Russell Thomson, the former British Consul for Alicante, Spain, has led a petition to the EU, branding the law unlawful and discriminatory against non-Spanish residents.
The Spanish government requires that any resident with an overseas asset worth more than €50,000 and who lives in Spain at least six months (183 days) of the year is affected – and must declare what they own abroad.
Failure to declare or any errors in any of the 720 online forms will result in a penalty of €10,000 or more.
As relatively few Spaniards have assets outside of Spain, those most affected are EU residents, the vast majority of which are British pensioners and retirees who have homes in the UK and, or, rely on UK pension funds and trusts for their income.
They are required to declare UK bank account numbers, mortgages and other details, via professional intermediaries, in an online format, considered risky by many.

A new law just passed in Madrid will prevent villa owners from letting property which will further hamper plans.

Meanwhile, Portugal is encouraging expats to up sticks and move there, announcing that any new residents will not have to pay tax for the first five years.

[miata] 24/4/2013 08:01

Barclays interim results note increased defaults within their Spanish and Portuguese home loan portfolios.

[waldron] 15/4/2013 11:04

this time the wise men are trying to be too clever

who owns all the property in germany certainly not the man in
street who rents

so they want the man in the street in the rest of europe
who don't rent to bail out the banksters,elitists and wise men/politicians

what would maggie say

where has all the money gone, long time passing

where has all the money gone long time ago

where has all the money gone

gone to germany every one

when will they ever learn , when will they ever learn


EDIT : many have workedhard to buy or maintain their properties certainly the BRITS

The RENTERS/LESSORS are the ones who have gained but have been taxed on
their income

the elists ballsups should NOT be passed on to the man in the street, no matter
which country

[miata] 15/4/2013 10:01

An ECB study has shown that Cyprus, Spain, Italy, Greece and even Portugal each have higher median wealth levels than Germany where less than half of Germans own their own home.

Members of Germany's council of economic experts are advising wealth taxes on property in countries like Spain to finance their own bail-outs.

[miata] 18/3/2013 11:47

kaatje kabelkrant ‏@kaatje36
@Pawelmorski FYI, the ppl of Spain are organizing a Spanish bankrun tomorrow out of solidarity with Cyprus.

[waldron] 05/3/2013 09:26

courtesy of:





palwing32 5 Mar'13 - 09:07 - 12426 of 12427 0 0

Je parle Francais comme une vache Espagnol?

[miata] 08/2/2013 08:07

EU BUDGET

Van Rompuy proposes 1,000 million increase in aid for Spain.

"Spain is very satisfied with the agreement in principle reached" , were the first evaluations of the Secretary of State for the European Union, Inigo Mendez de Vigo , who stressed that this budget "Spain will not lose a single euro for Agriculture "and review clauses that set-a claim of Spain will make our country throughout the period net recipient of EU funds, ie, receiving more money than they contribute to the 'piggy' community .

[waldron] 24/1/2013 10:23

what a waste of future talent

[maxk] 24/1/2013 09:50

How can the politicians justify this situation?


Spain: Unemployment For Under 25s Hits 60%

9:04am UK, Thursday 24 January 2013




Unemployment in Spain for people under the age of 25 has now reached 60%, according to officially released figures.

Overall, Spain's unemployment rate has risen to its highest level since measurements began in the 1970s, as a prolonged recession and deep spending cuts have left almost 6 million people out of work at the end of last year.

The nationwide jobless total rose to 26% in the fourth quarter of 2012, or 5.97 million people, according to the National Statistics Institute.

That is up from 25% in the previous quarter, and more than double the European Union average.

Spain sank into its second recession since 2009 at the end of 2011, after a burst property bubble left millions of low-skilled labourers out of work and sliding private and business sentiment gutted consumer spending and imports.

Efforts by Prime Minister Mariano Rajoy's government to control one of the eurozone's largest deficits through billions of euros of spending cuts and tax hikes have fuelled anger and dampened demand.

When Mr Rajoy took office in late 2011 there were 5.27 million jobless in Spain.

The economic downturn put an average of 1,900 out of work every day through 2012 and with the recession expected to last at least until the end of 2013, net job creation is unlikely this year.

In comparison to the Spanish unemployment rate, Britain's jobless level for those aged 16-24 was 20.5% in the period September to November in 2012.

That level was unchanged compared with the previous quarter and down 1.7% compared with a year earlier

[waldron] 13/1/2013 11:25

whats wrong with Spain

if you can't rely on the town hall
who can you rely on

i hope they win

[miata] 29/11/2012 13:19

The EU announced they approve the restructuring plans of Spain's nationalised banks and have said the four Spanish banks' capital needs amount to EUR 37bln.

EU's Almunia said this paves the way for ESM to transfer funds to the Spanish bank fund and that EUR 45bln in assets are to be transferred to the Spanish bad bank.

[guidfarr] 27/11/2012 01:30

For those interested Spread Betting Magazine December edition is now online - it includes an interesting feature covering the major stock market crashes of the last 100 years

[extrader] 19/11/2012 22:47

Hi Miata,

Sounds like an idea floated by John Mauldin about a year ago re the US housing market.

IIRC, his criteria were :
- US$ 250 K;
- no overseas criminal record;
- no US borrowing to purchase, 'clean' money from o'seas;
- 5 years in US without criminal record and without taking benefits from the State.

Those criteria would seem to deal with most of the objections raised so far re the concept (esp as possible regards the UK !)

ATB

[miata] 19/11/2012 19:16

Spain offers residency to anyone buying a home worth more than £130,000 in bid to save its housing market
Spain has more than 700,000 unsold houses after real estate market collapse
New policy would see foreigners given residency permits if they buy houses worth more than 160,000 euros - approximately £128,500