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Spanish Government rejects proposals to protect mortgage holders who cannot pay their debt

January 11, 2011 10:43 PM | CNA / Roger Pi

The Spanish Vice President for Economy Elena Salgado refused the idea proposed by three Catalan parties to allow mortgage holders end their debt by returning their house to the bank. This measure already exists in the US and other countries. In Spain, a country with a high unemployment rate, many people are not able to afford to pay their mortgage. However, at the moment, debt does not disappear when banks execute mortgages and take away the house. Salgado wants to keep the current system in order not to harm the banks and thus the recovery, but at a high social price.

The next Catalan Government’s budget for 2011 will be “clearly smaller” than last year’s

January 11, 2011 10:35 PM | CNA / P. Francesch / G. Pericay Coll

The new Catalan Government announced today that the budget for 2011 (currently the 2010 has been extended) will be ready within the next 4 months and approved before the summer break. The Government’s Spokesperson, Francesc Homs, said that for the first time, the budget will be “clearly smaller” than the previous year’s. In addition, the new Government asked for an external audit on the Catalan public administration’s finances.

Spain will recognise South Sudan’s independence, but not Kosovo's

January 11, 2011 10:21 PM | CNA / Raquel Correa

If South Sudan citizens finally vote for independence, the Spanish Government will respect it and recognise their independence. However, the Spanish Minister for Foreign Affairs, Trinidad Jiménez, announced that Spain would not review its stance on Kosovo. The Balkan country declared its independence from Serbia in 2008 but Spain is one of the 5 EU Member States that still refuses to recognise it.

ETA declares a “permanent” ceasefire, in “general terms” and internationally “verifiable”

January 10, 2011 11:01 PM | CNA / P. Francesch / G. Pericay Coll

The Spanish Government states “it’s good news but not THE news” it was waiting for. The Socialist Party, the People’s Party and most of the Spanish opinion leaders insist that ETA’s only way out is through its own total disarmament and dissolution. The President of the Basque Government affirmed that he “would not allow ETA to dictate Basque Country’s future”. However, he underlined that ETA’s statement means that the terrorist group acknowledges the inevitability of its demise. CiU and other Catalan parties are optimistic but prudent.