Recently, it has been reported that Spain has imposed cuts over taxes on new home sales. It is believed that the step was taken by the authorities so that they could encourage investors that the country is capable of reducing its budget deficits.

Development Minister Jose Blanco informed that the value-added tax on purchases of new homes will be cut to 4% from 8% until the end of the year. It has come to light that about 700,000 homes were left behind from the housing boom. By reducing the tax, the authorities are hopeful that the remaining houses will be sold.

Spain offered on Monday that it permit Britain and other European nations to use its airports as stopovers to get tens of thousands of travelers stuck by the volcanic ash could traveling again.

While talking to media, Spain’s infrastructure minister, Jose Blanco said, “All of Spain's airports were open Monday. More than a dozen closed for a while Sunday because of the ash. Most of those were in the north of Spain, but they also included the one in Barcelona, the country's second largest city.”