Spanish economy is recovering from economic crisis and this has led banks to yet again offer loans to small companies. But it would not be easy for major banks to capture market share as there are a number of lenders out there who want to win over clients.
Banks want to revive high margin loans but it seems to be tough as more number of lenders can reduce the margins that they hope to make from lending to small and medium-sized enterprises (SMEs). These companies are charged higher interest rates in comparison to big companies.
Enric Duran took dozens of loans from banks in Spain, but did not pay them back. He is unapologetic about his act and has outsourced the amount to other projects that created and promoted alternatives to capitalism.
Duran, in an interview by Skype from an undisclosed location, said he is proud of his action. "It generated a movement that allowed us to push forward with the construction of alternatives. And it allowed us to build a powerful network that groups together these initiatives", affirmed Duran.
Though economic crisis has led Spain to suffer many cutbacks, there is one area where Spain remains unaffected and that is organ donation and transplantation.
Setting an example of solidarity for the rest of world, Spain has the highest rate of organ donors in the world. Last year, 1,655 people in Spain donated their organs and the number was higher than Europe Union, the United States and four times higher of the Latin America.
Spanish art dealer, Jose Carlos Bergantiños Diaz, is suspected to be a key figure involved in a forgery swindle that fooled the art world. He is wanted in the US and was arrested by Spanish police on Friday at a hotel in downtown Seville.
A government official said the United States may seek his extradition. Along with him, Bergantiños's brother, Jesus Angel Bergantiños Diaz has also been arrested. A person known to matter affirmed that around $33 million from the scheme has been transferred to bank accounts in his name in Spain.
Archaeologists from the University of Southampton and the University of Cambridge have discovered an extended part of boundary wall in Ostia. Researchers have also found three huge warehouses along the northern bank of the river Tiber which stresses light on the commercial activities which were performed by ancient humans in first two centuries. The findings state evidence that the Roman City was much larger than ever expected.
Huertas (107 First Avenue) is a pintxos bar and restaurant that will make its official debut on Tuesday to provide New York the taste of northern Spain. Jonah Miller started planning for a restaurant while he was still a teenager. He said that he grew up in the city and he was very clear about what he wanted to do from very young age. He began to work in a restaurant when he was merely 14.
After 12 years now, the chef, who has spent time behind the burners at Chanterelle, Gramercy Tavern, and Savoy, will finally realize his dream on Tuesday. Miller has a wide range of experiences.
Scientists believe that solar chimneys are the best remedy for China's ongoing battle against air pollution. These solar chimneys rise half a kilometer or even higher from the earth's surface and have been claimed by scientists to have enough potential to produce clean energy and significantly reduce the mainland's chronic air pollution.
Scientists have already looking into a test plant running successfully in Inner Mongolia. Beijing and Shanghai are other cities on the cards of scientists for building full-size versions of solar chimneys.
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