Tag: news-last-minute

Spanish Episcopal Conference

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The bishops prefer not to have a direct representation, according to Presidency. A group of experts will consider turn the place into a space for reconciliation. Thus establishes it the law of historical memory. The Minister of the Presidency, Ramon Jauregui, confirmed Monday that the Spanish Episcopal Conference has decided at the last minute not to participate in the Committee of experts that will study the transformation of the Valle de los Caidos, a place of reconciliation, as he would do in the beginning. In press conference in La Moncloa following the first meeting of this Committee, Jauregui explained that he had spoken several times with the President of the Conference, Maria Antonio Rouco Varela, on this Committee, which had included the Emeritus Archbishop of Pamplona and Tudela, Fernando Sebastian. But at the last minute on Friday, the Episcopal Conference moved to the prria Government that there was no direct representation yours, so you have been excluded.

Jauregui, accompanied by the two Chairmen of the new entity, Virgilio Zapatero and Pedro Gonzalez-Trevijano, he indicated that the aim is that the Valle de los Caidos ceases to be a place of memory’s part, a monument to the war and the nacionalcatolicismo, to turn it into a place of reconciled memory, as laid down in the law on historical memory. This rule established that the cult will be maintained in the basilica, as well as the cemetery, but the Commission will not have more red lines and a report with its recommendations should be ready in five months. The Minister has been convinced that the professionalism and ideological plurality of the members of the Commission will make that report to be accepted by any Government. Exhumations as explained, the Commission shall establish a symbolism that dignified more than 33,800 people that there are buried by a memorial in the crypts or the central space and analyse requests for exhumation carried out the family. DNA tests will be made where possible the location and identification of the remains, but pointed out that the forensic report said that in the vast majority of cases it would be extremely complex. Experts will also have to study the case of bodies Jose Antonio Primo de Rivera and Francisco Franco because they must analyze what to do with the symbology that can exalt the civil war and the Francoist repression, has been added.

The objective is that the Valle de los Caidos becomes a place of memory alive, with exhibitions and activities educational s without vindictive pretension or confrontation, and that it is also a Center for research on the consequences of the civil wars. The Commission must resolve what will now be the managing body of the Valley – it’s national heritage – and reformulate the relationship with the Benedictine community to ensure the religious use of the temple. Has not been raised, according to noted Jauregui, remove the large cross that presides over the monument. Source of the news: the Episcopal Conference dissociates itself from the Commission to transform the Valle de los Caidos

European Central Bank

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The risk premium is situated the 398 basis points at the close. European places recorded the biggest falls of the year. The ECB will provide for six months to commercial banks the money they need. The Spanish Treasury manages to put 3,300 million in bonds at high interest. Spanish finance exceed the psychological limits again. The Ibex-35 index closing at 8.686,6 points, down 3.89% less. The biggest drop in throughout the year. The risk premium returns to exceed, for the third consecutive day, 400 basic points at point to close at 398 times.

This record of lowering breaks the previous minimum annual, reached two days ago. The Ibex-35 was then left a 3.24% and premium rubbed 377 points. The losses accumulated in this exercise amount to 11.89 percent. In Europe, with the euro to 1,417 dollars, the main European markets recorded the biggest falls of the year. Frankfurt under 3.4 percent, levels of last October; London, 3.43 percent and in September of 2010 prices.; Paris It yielded 3.9% until July last year dimensions; and Milan, the great damnificada of the day, was down 5.16% going back to April 2009 levels. The Treasury and the ECB following the opening of the bag of Madrid, the Spanish Treasury has managed to place 3.3 billion euros in bonds to three and four years, but paying an interest of 4.90% and 5.05%, respectively, levels that he couldn’t since 2008.

The Treasury has decided to postpone the auction scheduled for August 18. Declarations of Jean-Claude Trichet, President of the European Central Bank, confirming that the issuing Institute continues with its program of buying bonds have had a scarce cto, and it has increased the pressure in the markets. Investors were expecting more consistent words by the Agency to rein in speculators. Despite having announced that it will buy debt of Ireland and Portugal, the lack of action on the Italian and Spanish public debt led investors to penalise these countries, especially Italy. The performance of Italian bonds to ten years progressed up to 6,189%, very close to 6,284% Spanish. The falling profitability of German bonds to 10 years, good news for the country teutonian and bad for the rest, increased the risk premium. The debt overhang that Spain must pay with respect to Germany has reached shortly after 17.00 401 basis points. Day in the Park in the morning, the risk premium and the Ibex 35 gave good news. The selective began with 1.48% rises after the opening of the session and all values listed on the upside that hour, headed by Santander, which climbed 1.99%, while BBVA advanced 1.53%; Iberdrola, the 0.97%; Telefonica, the 0.86% and Repsol YPF, 0.76%. The risk premium went down to 360 basis points. But after the appearance of Trichet returned negative trends, with the Ibex-35 loss the premium and the dimension of the 9,000 climbing again more than 400 positions. Great values, led by banks, rounded the fall: Telefonica fell 2.88 per cent, Santander 4.43%, 4.12% BBVA, Iberdrola 3.54% and Repsol 5,71%. Source of the news: the Ibex-35 down 3.89 per cent, the biggest drop in throughout the year