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Spain Papers Review - Tuesday October 7 2008
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By h.b. - Oct 7, 2008 - 9:38 AM
Today's Público front page.
El Mundo is obviously not impressed, serving the headline – Zapatero improvises a meeting to show the confidence in the banks. The paper says the meeting was called in such a hurry that neither the Minister for Tax and the Economy, Pedro Solbes, nor the Chairman of Santander, Emilio Botín, could attend.
The paper says the Prime Minister promised to increase the guarantees for savers, but the amount was not mentioned.
There is the basis of an agreement in Europe which El Mundo says will cover more than 40,000 €, given that six countries have so far backed 100% of their banks’ savings.
El Mundo compares the falls in the stock markets yesterday – Madrid down by 6%, Paris 9% and London just under 8%. The Dow recovered in late trading to end down 3.58%.
El País dedicates nearly the entire front page to the crisis and shows a photo of the Prime Minister meeting with the bankers. It notes the EU is considering setting a new limit for guaranteed savings of 100,000 €.
The paper notes that the stock markets collapsed yesterday despite all the action being taken by the Governments. El País notes that Latin American currencies are suffering now.
ABC headlines that Europe has lifted the guarantee to 40,000 € and also shows Zapatero with the six bankers yesterday. It says the markets suffered another Black Monday.
ABC notes the effect of the crisis has seen a jump in demand from families in difficulties in Madrid. Charity Cáritas has already attended to more people this year than in all of last year.
Público says that Zapatero agreed to lift the savers guarantees at the meeting with the bankers in the Moncloa. The paper says he debated ways of getting more liquidity onto the banks.
El Mundo reports that the Supreme Court is obliging the Basque Government to demand that every ‘ertzaina’ regional policeman, swear on the Spanish Constitution. The paper notes that the law has been ignored for the past 26 years.
El País reports that the Anti-Corruption Prosecutor is investigating the Deputy President of the Canaries, José Manuel Soria. He flew to both Norway and Austria in a plane belonging to a local hotelier apparently.
El Mundo notes that the Mariano Rajoy of the Partido Popular has called on the Government to say that it will never ever negotiate with ETA again.
Público has the story of the Barcelona woman who has been sacked from her job for missing work. The woman is in fact in a coma after suffering a serious motorbike accident.
El Mundo is among the papers to note that the Nobel prize will go this year to the men who discovered the Aids and Uterus Cancer viruses.
El Mundo notes that Barack Obama has responded to attacks on him by looking at a corruption case involving McCain some 20 years ago.
And finally,
El País tells us of the latest fashion in Japan – to download novels onto your mobile device.
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Spain Press Review
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