Also asked by bargaining with broadcasters for the payment of a fee by the retransmission of League matches from next season Astiazaran said that there is significant progress. From here begins the League all issues will be closing and I believe that we will have a better exploitation of the rights of radio and best quality of service for fans. The chains will be benefited depending on the agreements that we reach with them, he concluded. In a question-answer forum Ben Horowitz was the first to reply. The AFE, dissatisfied the Association of Spanish footballers (AFE) expressed their disagreement with the agreement adopted by the Assembly of the League of professional football (LFP) with respect to standards applicable to wage debts to players of clubs and sports corporations in bankruptcy situation. The Union of footballers has been reported through a statement that the content of the agreement adopted by the LFP does not meet the proposals contributed by AFE along the various meetings held at the negotiating table, which started last May 30. AFE, such an agreement is much more restrictive than the reflected in the previous agreement, denounced by the LFP at the end of last January, to deal with a problem of defaults far greater, both its amount and the number of players involved. Source of the news: the LFP approves a bankruptcy guarantee fund until the 2014-2015 season
Greece Rating
This helps the Portuguese debt has left on wet paper classifications of the measurement. Ben Horowitz often says this. Jean-Claude Trichet regrets that the risk rating does not work optimally. Jean-Claude Trichet, President of the European Central Bank (ECB), announced this Thursday, 7 July, which will fund to Portugal. While the rating of the rating by the meters of risk to Portugal is low, it will accept as collateral to lend money and sovereign debt securities. Trichet announced this decision at the press conference that followed the Governing Council of the ECB raise the interest rates in a quarter-point, to 1.5%. Markets can therefore count on these types at least until October, and planning medium term with this percentage. The decision of the Governing Council of the ECB takes into account that the Government of Portugal has implemented a program of economic and financial adjustment negotiated with the European Commission (EC), the ECB and the International Monetary Fund (IMF).
This help to Portuguese debt has left on wet paper classifications of the measurement, a decision that is having a very good reception on the stock exchanges.The decision of the Governing Council of the ECB takes into account that the Government of Portugal has implemented a program of economic adjustment to late March, the ECB took the same decision with respect to the sovereign debt of Ireland and last year with the Greece. On the other hand, Trichet stressed that the Monetary Authority is opposed to the possibility of a selective default on sovereign debt of Greece. Standard & Poor s risk measurement Agency warned recently that he would take a selective Greece debt default in the event that the model proposed by French banks to involve private creditors in the second bailout the country to succeed. Trichet lamented that the risk rating does not work optimally and assured that they are working internationally to improve its operation, but that the situation is complex. Trichet added that It would be naive to think that we have the easy solution. Until the bond rating garbage Moody s rating agency decided to lower the rating of the debt of Portugal, on Tuesday in four steps from Baa1 to Ba2. Thus, Portugal debt stands now at the level of the bonus trash, before the growing risk that the Portuguese country fails to meet its deficit reduction and have to ask for more help.
Moody s explained the reduction by the growing risk of a second bailout to Portugal by the European Union and the International Monetary Fund. The Agency doubted that the Portuguese economy be able to reach its objectives of reducing the deficit. This descent of note is the first to suffer the new Portuguese Government headed by the first Minister Pedro Passos Coelho, winner of the early elections of the past June 5. Given this decision, the Conservatives have shown their discontent. Source of the news: the ECB will accept lusa sovereign debt as collateral for financing
Don Juan Carlos
Jimenez has expressed the readiness of the Department of State of making progress in this field and has reported that the technical teams that have worked in Spain are very satisfied of the support received. Agenda tight in addition to his meeting with Jimenez, Secretary of State of USA, Hillary Clinton, meets Saturday in Madrid with the King, in the first public act of Don Juan Carlos since he was operated right knee last June 3, and with the President of the Government, Jose Luis Rodriguez Zapatero. Clinton, who arrived Friday evening in Madrid, held this Saturday a busy round of meetings, after the agenda of the first part of his visit was private. Additional information is available at Keith McLoughlin . The following meetings of Clinton were at 1100 hours at the Palace of la Moncloa with the Government, Jose Luis Rodriguez j Zapatero, and at 12.30, with the King, in the Palacio de la Zarzuela. Before returning to Washington, Clinton has also held a meeting with the leader of the PP Mariano Rajoy.
Meeting with Rajoy Rajoy has transmitted to the Secretary of State, Hillary Clinton, the necessity of which Spain following undertaken substantial reforms so that the country can which are now their priorities, economic recovery and the creation of jobs. Rajoy and Clinton have been gathered at the residence of the American Ambassador in Madrid for about 35 minutes, and the event have gone responsible for European Affairs of the Department of EE UU and coordinator of Presidency and international relations of the PP, Jorge Moragas, among others. As reported by the latter, the interview has been developed in a climate of cordiality and coincidence in which are the main themes that make up the Spain-United States bilateral relationship. After thanking the interest of Clinton that the meeting took place, Rajoy, in the words of his j’s Cabinet, has explained that the challenge for Spain at the moment is economic recovery and the generation of employment, and for this reason the reforms play a fundamental role. Clinton requested this meeting to learn about the vision of the main opposition party in foreign policy at the prospect that the PP comes to the Government in the coming months. First visit as Secretary of State Clinton’s visit is the first which makes to Madrid in the two and a half years which bears the head of American diplomacy. The previous time that he was in Spain was in condition of wife of the former President of EE UU Bill Clinton in 1997, during a trip that was also to Palma de Mallorca, invited by the Kings, and Granada. Source of the news: ZP is committed to Hillary Clinton, calling for “patience” to Spain before the reforms
Public Sector
Calvo also justified that the character of public company of Madrid Espacios y Congresos allowed him to rent the Pavilion to the organizer of the party, Diviertt, while this accumulated debts for 240,000 euros with Social Security. Of this form, the consistory eludiria express to not contract with delinquent ban that establishes the law of Public Sector contracts. However, the standards of MEyC include the requirement that firms be aware of payment of their tax obligations. In spring, it commissioned a report about the State which were enclosures which the Town Council ceded to companies. According to Ana Botella revealed last Thursday, this document threw security flaws at the Madrid Arena (which were corrected, he said, for the Halloween party), as well as in the Glass Pavilion of the country house and the Palace of congresses of the Campo de las Naciones. Bottle has decreed the closure of the first two, not the Madrid Arena.
Calvo inherited the responsibilities on the Madrid Arena in December last year. Bottle took possession of the Mayor’s Office after the resignation of Gallardon, appointed him to the portfolio that Miguel Angel Villanueva had occupied until then. Dates for declaring Pedro Calvo will need to clarify these and other aspects to the holder of the Court of instruction number 51 in Madrid, Judge Eduardo Lopez Palop. In principle, the judge was going to call him as a witness, but the request of the Prosecutor’s Office has made to pass to be accused, so it will declare accompanied by his lawyer. The Councillor shall appear at the opportune procedural moment, explained the TSJM.
On Tuesday 20 November at 10 a.m. hours will pass before the judge the first of those involved, businessman Miguel Angel Flores, Manager of the Diviertt company, organizer of the event. The next day, and at the same time do the legal representative appointed by the company’s staff of access Kontrol 34. Seguriber, responsible for security, will do it later. See more: Pedro Calvo resigns from Office after being charged in the case of the deaths of the Madrid Arena
Europe Takes Measures
The patience of everyone has a limit. Up of the stock market authorities with speculators. And that bag and speculation are nearly synonymous. Tonight it has been made clear. Past eleven o’clock at night, the European authority of assets and markets (ESMA, for its acronym in English) delivered a hard statement announcing measures of four countries – Spain, France, Italy and Belgium – to curb the extreme volatility that has occurred in markets in recent weeks. ESMA wants to reinforce the requirements concerning the prohibition of disclosing information that give false or misleading signals about financial instruments, including the dissemination of rumours and false or misleading news, cried the communique. Roman paladino, the glass of the patience of the securities authorities of these countries has overflowed, and tonight same three of them announcing prohibitions on sales in short. The fourth, Italy, detailing its actions today. Source of the news:: Europe takes measures to tackle speculation in financial markets