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France, Italy and Spain push for new regime to fix EU banking fragmentation
The call to create a voluntary cross-border framework for banks comes ahead of a major Commission report on sector competitiveness. France, Italy and Spain have jointly proposed new rules aimed at easing cross-border banking operations and cutting red tape across the bloc, according to a document seen by Euronews. The three countries submitted their proposals as an input to the European Commission, which is expected to publish a report on the competitiveness of the banking sector on 15 July.
How Spain Avoided the Global Populist Backlash
As recently as five years ago, Spain was no one’s idea of an economic success story. Southern European countries have long been notorious for lagging behind their neighbors to the north. Portugal, Italy, Greece, and Spain were referred to by the intentionally unflattering nickname “PIGS” after they had to be bailed out following the 2008 financial crisis.
Spain’s new legacy: Rooted in place, built on craft
brand studio Advertorial Spain’s new legacy: Rooted in place, built on craft From fine dining to fashion and design, Spain is turning heritage and know-how into global appeal – and economic momentum. On any given evening in Madrid, diners at the three-Michelin-starred DiverXO might be served seasoned barnacles or a rare Cantabrian rooster from northern Spain. Chef Dabiz Munoz’s approach – inventive, personal and grounded in a sense of place – reflects a broader Spanish sensibility now...
Spain trapped in rental crisis: up to half of wages go on housing
An estate portal study shows the average wage share has risen 12 percentage points since 2019. Madrid and Catalonia, with 70% of pay, top the regional ranking. The evidence of the housing crisis Spain is going through is plain for all to see.
Spaniards now spend half their salary on rent, study finds
A property portal study finds the average share of salary spent on housing has risen 12 points since 2019, with Madrid and Catalonia leading on 70% of pay. The evidence of the housing crisis Spain is facing is plain for all to see. In the rental market, rents have risen by around 30% since 2022, according to the CIS, while new housing construction - PwC data - has been stuck at record lows since 2010, averaging 83,000 homes a year compared with 315,000 on average between 1970 and 2010.
EU Commission to defend Spain in €106m US energy lawsuit
When firm Blasket Renewables sought to enforce compensation in a US court, the European Commission argued that Spain could not legally pay it, highlighting a clash between international arbitration and EU law. The European Commission is seeking permission from the European Council to defend Spain from a €106 million lawsuit brought in a US court under the Energy Charter Treaty (ECT) which could put Madrid in breach of EU state aid rules, according to a document seen by Euronews. The ECT is a...
England third favourites? Their real World Cup chances assessed
England's World Cup chances assessed as they are rated third favourites behind Spain and France - Between the Lines England are among Opta's top three favourites to win the World Cup so how do their chances compare to Spain's and France's? England begin their World Cup campaign against Croatia in Group L on Wednesday June 17; kick-off 9pm Tuesday 9 June 2026 16:14, UK
UK associate of gangster John 'Goldfinger' Palmer cleared of £60 million Tenerife timeshare scam
UK associate of gangster John 'Goldfinger' Palmer cleared of £60 million Tenerife timeshare scam Convicted York fraudster Paul Blanchard, 81, was wanted in Spain over money laundering charges alongside Palmer's former head of security Mohamed Derbah until case collapsed A convicted fraudster has been cleared of a £60 million Tenerife timeshare scam linked to murdered gangster John "Goldfinger" Palmer. Paul Blanchard, 81, was wanted in Spain over money laundering charges accused of being part...
ING bets on subscription model to lift fees amid growing digital-banking competition
ING bets on subscription model to lift fees amid growing digital-banking competition June 10 : ING launched a new subscription-based banking model for clients in the Netherlands on Wednesday, in a move aimed at diversifying income streams and protecting its market share. The Dutch-based bank expects the model, which is to be rolled out across its markets by mid-2027, to deliver a "meaningful" contribution to its fee income, Global Head for Private Individuals Sali Salieski told Reuters....
France bans Israeli minister Smotrich in coordinated sanctions push
France bans Israeli minister Smotrich in coordinated sanctions push PARIS/JERUSALEM: France Tuesday (Jun 9) banned Israel's far-right Finance Minister Bezalel Smotrich from entering the country, as part of coordinated sanctions with other countries over settler violence against Palestinians. Smotrich is the second member of the Israeli government to be forbidden from entering France in recent months, after National Security Minister Itamar Ben Gvir was barred on May 23 for mocking activists...