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<!-- --> Follow us   <!----> Follow @IBTimesUK <!-- --> The Bank's pledge for support has certainly given Rajoy time to weigh his options. Spain's benchmark 10 year bond yields have fallen more than 2.5 percent since late July ECB President Mario Draghi first mentioned the programme, now known as Outright Monetary Transactions, or OMTs, during an investor conference in London. A Read more [...] Prime Minister Mariano Rajoy may hold on to power in his home region of Galicia even as fallout over austerity saps his support elsewhere, in local voting that may ease an obstacle to a Spanish bailout request. The People’s Party may hold on to its 38 seats in the 75- member regional assembly in voting this weekend, maintaining the majority it’s held since 2009, a poll by the state-run CIS indicated on Oct. 5. If it falls short, Socialists and Galician nationalists would seek to govern in Read more [...] DEPORTIVO LA CORUNAAranzubiaLaure, Ze Castro, Marchena, EvaldoAguilar, BergantinosGama, Valeron, PizziRiki BARCELONAValdesMontoya, Song, Mascherano, Adriano Xavi, Busquets, IniestaPedro, Messi, Villa Deportivo La Coruna midfielder Abel Aguilar has recovered from an ankle sprain suffered in training and will start Saturday's Primera Division clash with Barcelona.But Manuel Pablo (hamstring) and Rodolfo Bodipo (back) are both likely to remain on the sidelines.Carles Puyol, Dani Alves and Read more [...] Spain's Prime Minister Mariano Rajoy faces a high-stakes election in his home region of Galicia on Sunday in which voters could punish him for his handling of the euro zone debt crisis.The vote has become a referendum on Rajoy's bank bailout, spending cuts and tax hikes and the seeming inevitability of a second euro zone aid package, which officials have told Reuters could be sought next month."I think the People's Party (PP) will be punished," business owner and PP supporter Agustin Read more [...]

Voters in the Spanish region of Galicia go to the polls this weekend – amid a growing expectation that Spain will soon ask for a rescue deal from the Eurozone.

The election is a key test for the ruling centre-right Popular Party which has brought in a raft of austerity measures.

The Spanish Government was keen to avoid asking for a bailout before the elections.

Tom Burridge reports from Galicia.

Prime Minister Mariano Rajoy may hold on to power in his home region of Galicia even as fallout over austerity saps his support elsewhere, in local voting that may ease an obstacle to a Spanish bailout request. The People’s Party may hold on to its 38 seats in the 75- member regional assembly in voting this weekend, maintaining the majority it’s held since 2009, a poll by the state-run CIS indicated on Oct. 5. If it falls short, Socialists and Galician nationalists would seek to govern in Read more [...] Shellfish harvest. (Photo: Cofradia Barallobre) Precautionary closure of Ferrol estuary due to red tide SPAIN Friday, October 19, 2012, 04:20 (GMT + 9) Xunta de Galicia decided to keep Ferrol estuary closed to shellfish capture due to the presence of lipophilic Read more [...]

October 18, 2012 8:04 pm

By Miles Johnson in Santiago de Compostela

Alfageme headquarters. (Photo: YouTube/avantarvideos) Igape rejects appeal against Alfageme selling procedure SPAIN Friday, October 19, 2012, 02:40 (GMT + 9) The Galician Institute for Economic Promotion (Igape) dismissed the appeal against the procedure Read more [...] IT IS a calm before the storm. As Mariano Rajoy, the prime minister, waits for regional elections in Galicia and the Basque country on October 21st, Spain is inching towards asking for a “soft” bail-out. But officials insist no formal request is imminent. Markets are calm, but watchful. Although Standard Poor’s, a rating agency, has downgraded Spain to close to junk, yields on ten-year debt have fallen to a six-month low of under 5.5%. Some say a request for help that unleashes unlimited Read more [...]

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