EU clampdown on unregulated financial advisers in Spain

 The European Commission is to consider setting up an ombudsman to help expat victims reclaim against unregistered financial firms. It comes after a local pressure group, that represents over 1,000 victims, sent a dossier of information to Brussels. The Costa del Sol Action Group demanded action against the advisers who, it claims, have lost their clients over €120 million (£102 million). “It is good news as something has to be done about this bunch of rogues,” said group founder David Klein. “The current Spanish regulatory system is totally inadequate and ineffective. Dealing with the authorities is a constant game of ping-pong. Anyone can come to Spain and be a financial adviser; they could have been selling fish before they came here for all anyone knows." This situation could soon...

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Spain's banking sector set to shrink to about 10 lenders

This year, Spain’s banking sector looks set to shrink to about 10 lenders from more than 40 before the economic crisis, as the government forces banks to recognise steep losses from a housing crash. Small and medium-sized banks will scramble to join forces to meet capital requirements implicit in a new law demanding lenders write down up to 80 per cent of the book value of real estate assets on their balance sheets.  Click here for Cloud Computing     Also Read   Related Stories News Now - 24-hr deadline for Kingfisher to submit revised schedule - Kingfisher assures to restore normal schedule in 5-7 days - Indian banks eye assets of European counterparts - It is time to take money off the table: Jim Walker - Swiss solicits tourists from India amidst EU crisis...

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Juan Antonio Roca has face to face showdown in court with Marisol Yagüe

A face to face declaration in the Malaya case in Málaga on Wednesday brought sparks between the ex Marbella Town Hall real estate assessor, Juan Antonio Roca, and the ex Mayor of Marbella, Marisol Yagüe. Roca said to Yagüe – ‘Darling, I deeply lament disagreeing, but I did give you money’. To that Yagüe said ‘You are looking for a way out of jail’. The conversation between the two came after she denied to the prosecutor that she had received envelopes, in the form of backhanders, from Roca. Judge José Godino then ordered a face to face ‘careo’ between the two which lasted just over a minute. ‘When did I ask you for money, Juan Antonio?’ she spat ‘I paid you always on the orders of Jesús Gil’, he replied, adding that the payment was for ‘maintaining cohesion’ in the three way government of...

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Libyan land being freed for development in Marbella

 A large real estate project which the Libyan Arab Foreign Bank wanted to place in Marbella is back on the road. The project was frozen because of the death of Muamar El Gaddafi, but now the lawyers for the development say it is active again. The lawyer Ignacio Pérez de Vargas said the plans are for 1,915 homes, a golf course and a congress hall to be built in La Resinera, the finca owned by the Libyan in Benahavís which stretches to 6,900 hectares across the municipalities of Benahavis, Estepona, Pujerra and Júzcar. Part of this is in the Sierra de las Nieves, declared a Biosphere Reserve, but the PGOU urban plans shows 500 hectares which can be built on in Benahavís. Construction could start as early as December. The Spanish Government blocked all the assets owned by the Libyan...

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Ex Marbella Mayor, Isabel García Marcos, found guilty of corruption

 The ex Mayor of Marbella, Isabel García Marcos, has been handed down her first conviction for real estate corruption. Penal Court 10 in Málaga fined her 3,600 € and banned her from holding public office for ten years. Three other ex councillors were given the same sentence, José Jaén and Carmen Revilla among them, and another 11 ex-councillors were given a year’s prison sentence and a ten year ban. These include Julián Muñoz, Rafael González and Marisa Alcalá. José Luis Fernández Garrosa, Alberto García Muñoz and Pedro Reñones were all given nine month prison sentences and a nine month ban from office. The case relates to April 2002 and a licence for the construction of 20 luxury villas on a plot of land in Trapic...

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Zumba Fitness is the only Latin-inspired dance-fitness program that blends red-hot international music

 Zumba Fitness is the only Latin-inspired dance-fitness program that blends red-hot international music, created by Grammy Award-winning producers, and contagious steps to form a "fitness-party" that is downright addictive. Since its inception in 2001, the Zumba program has grown to become the world's largest – and most successful – dance-fitness program with more than 12 million people of all shapes, sizes and ages taking weekly Zumba classes in over 110,000 locations across more than 125 countri...

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Zumba's Latin rhythms on the move in the fitness world

 On a rooftop parking lot, with temperatures in the chilly low 50s, a crowd of all ages shimmied and shook, sweated and smiled as DJ Francis played an eclectic mix of dance music. But this wasn't just another wild South Florida party. It was a special Zumba class for charity, led last month by the creator of the global craze, Alberto "Beto" Perez. The charismatic Colombian in cargo pants — who has become a rock star in the fitness world — climbed onto the roof of a Chevy minivan that doubled as a stage. He demonstrated salsa steps, the merengue march and many other Latin-inspired dance moves — all while also cuing the drummer and the bongo player. For an hour, 75 of his adoring fans — and even the minivan — moved to the beat. "Everybody loves it; everybody has fun," Perez said while...

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Morocco yoga courses: Stretching out on a yogic break in soothing Berber country

Dust clouds sway like ghosts dancing to an inaudible tune across miles of Moroccan dessert. I’m only 15 minutes south of Marrakech, but the soil’s already darkened to a deep, blood-clot red that clashes violently with the cobalt sky above. Spindly Argan trees feature goats that have clambered into the branches and nibble on the fruit (yes, really), a snapshot of surreal comedy against nature’s stark, beautiful reality. It’s my first up-close and personal foray into Morocco’s rural centre, despite having fallen head over heels for mad old Marrakech eight years beforehand. Rustic retreat: Lalla Abouch offers yoga courses set in the beautiful Moroccan countryside There’s something intoxicating about the swirling, jasmine-soaked souks, the thrill of losing yourself in the medina only to...

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Hospitalised, robbed, arrested – new TV series follows consular staff as they help Brits in distress

 How the staff of British Consulates in Spain help citizens in distress is to be highlighted in a new TV documentary series to be broadcast next month on the UK’s Channel 4.UK in Spain The new TV series, filmed last summer, reveals how consular staff come to the rescue of Britons who find themselves in trouble. From helping victims of crime to advising Brits arrested by the police, the series also follows consular staff as they visit holidaymakers who end up in hospital and meet expat residents to hear their property concerns. In a three part series, ‘Our Man In…’, provides unprecedented access to the work of British consular staff. It will be shown on the UK’s Channel 4 on Thursdays 1st, 8th and 15th March at 22.00 GMT (23.00 CET). The first programme features Mallorca and Ibiza,...

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No date set for Málaga's second prison to come into service

Construction appears to be funded, but the problem is how to find the money for the staffThe entrance to the Alhaurin prison  There is concern over when a new prison being built in Archidona, Málaga will be able to accept inmates. 70% of the construction, which is budgeted at 117 million, has been done, and there is a date of the end of this year or the start of next for completion. However to start accepting inmates the prison has to employ some 600 people, and there has been no advertising of any jobs as yet. Union CCOO think the new Director of Prisons, Ángel Yuste, wants to delay the reception of the installations as long as possible as there is no money, and noting that the maintenance of the facility could be more than five million a year. The new prison will have 1,008 cells....

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Secret lives of the movie legends

 In an era before Twitter, paparazzi, gossip websites and the voracious appetite for the scandal and sex lives of the rich and shameless, Hollywood was swinging with the kind of wild sexual liberation that can still seem shocking today. Post-war Hollywood was churning out the family-friendly, conservative-values movies that chimed with the politics and repressed sexuality of the '40s and '50s. But the unacknowledged irony was that these motion pictures were being made by actors, writers, directors and studio chiefs who were engaged in lifestyles that could not have been more different from those they created on screen. Two decades before the sexual revolution of the 1960s, Los Angeles was already a sexual playground for movie stars and the international jet set, who were protected...

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Piranha Women who trap well-off men are pure myth

 The dangers of daily life for modern men are manifold, it seems. Alongside transfats in foods and oestrogen in drinking water, they must also beware 'Piranha Women'. Or so says divorce lawyer Diane Benussi. In her daily life overseeing the unraveling of families' personal lives, she claims to have observed a new breed of avaricious woman. This lady, according to Ms Benussi, is manipulative and devious to the core -- a romantic mercenary in a mini-skirt. Increasingly, Ms Benussi observed to a tabloid newspaper, beautiful young women, disinclined to make an honest living, are targeting vulnerable wealthy men in a bid to win a share of their assets. Their weapon of choice is their fertility. They lure unsuspecting gentlemen into unprotected sex and then fall pregnant, using the resulting...

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'Kinky' nuns and tattooed Christs spark controversy for Spanish gallery

 Catholics and conservatives have denounced as blasphemous two recent exhibitions in Madrid featuring kinky nuns in lingerie and tattooed and near-naked Christs, demonstrating outside one gallery. Catholic group AES called a demonstration for Friday evening outside the Fresh Gallery in Madrid against its latest exhibition: "Obscenity", a collection of photographs by Canadian artist Bruce LaBruce. The 50 pictures on display include a portrait of Spanish actress Rossy de Palma in a black and white habit and see-through corset with a rosary between her teeth. One shows a well-known singer, Alaska, dressed as a sexy saint with a communion wafer on her tongue, while in another she hugs a tattooed Christ to her breast in a kinky tribute to Michaelangelo's Pieta sculpture. Around 50 protesters...

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'Kinky' nuns and tattooed Christs spark controversy for Spanish gallery

 Catholics and conservatives have denounced as blasphemous two recent exhibitions in Madrid featuring kinky nuns in lingerie and tattooed and near-naked Christs, demonstrating outside one gallery. Catholic group AES called a demonstration for Friday evening outside the Fresh Gallery in Madrid against its latest exhibition: "Obscenity", a collection of photographs by Canadian artist Bruce LaBruce. The 50 pictures on display include a portrait of Spanish actress Rossy de Palma in a black and white habit and see-through corset with a rosary between her teeth. One shows a well-known singer, Alaska, dressed as a sexy saint with a communion wafer on her tongue, while in another she hugs a tattooed Christ to her breast in a kinky tribute to Michaelangelo's Pieta sculpture. Around 50 protesters...

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Spanish duke to be questioned by judge in embarrassing first for Madrid's royal family

 Spain's royal family has long enjoyed a level of privacy and respect that the Windsors could only dream of. But, in an uncomfortable first for the Madrid monarchy, one of their number will face questioning from a judge this week in a scandal which has rocked the royal family and raised questions over the future of the monarchy. Inaki Urdangarin, the son-in-law of King Juan Carlos, is preparing for a court appearance in which he will defend himself in a widening embezzlement scandal. Hearings into the case began last weekend at a court in Palma on the Balearic island of Majorca and will culminate on Saturday with the long anticipated appearance of the Duke of Palma, who received the title when he married Cristina, the King's youngest daughter, in 1997. The Duke, 44, a former professional...

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Morocco bans Spain’s El Pais newspaper over royal cartoon

 Morocco has banned the distribution of Thursday’s edition of Spain’s influential El Pais, as a cartoon published by the newspaper allegedly tarnished King Mohammed VI’s name, an official said. “The decision to ban (the paper) was made on the basis of article 29 of the press code” that protects the monarch, the senior communication ministry official told AFP on Saturday. “The caricature contains a deliberate intention to smear the (king’s) image to harm the king personally,” he added. The cartoon, which was picked up by a Moroccan website, accompanied an article by Spanish journalist Ignacio Cembrero, who knows Morocco well. Contacted by AFP, Cembrero said the Moroccan reaction surprised him as the small cartoon was “friendly and rather likeable”. It seemed to be the first time that...

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British expats in Spain face the bulldozers once again

 British couple receives an order saying they must face the bulldozers although their home had planning permission from the local council in 2002 and has all of its necessaru paperworkArchive Photo AUAN British expatriates in Albox, a small provincial town in Andalucía, Spain, faced an anxious New Year in 2010 after police served notice that their homes were to be bulldozed after their construction was declared illegal. Having overturned the demolition orders on the basis that they had not been informed of the proceedings, the couples vowed to fight on. Since then they have engaged in a protracted and expensive court battle to try and defend their homes. Yesterday, one couple received the devastating news that the courts have again decided that they must face the bulldozers. Their...

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