Many Latin American currencies are getting soared and various remittances are flowing from Spain to Latin America. The latest data of remittances in Inter-American Development Bank shows the increasing economic crisis in Spain.

The 27-year-old Isle of Man-based racer Cal Crutchlow after making a stunning beginning at Moto GP in Spain is aiming high for his first podium finish of the campaign. He is keeping up his same form of last season at the Jerez track by ending up at second place in context with the fastest time after reigning champ Jorge Lorenzo.

Crutchlow was quoted as saying, "It was quite a tough day because we made a lot of changes that meant the bike was set-up completely different than the way we had it at the test".

As per the European Commission predictions, it has been revealed that Spain will not be able to accomplish its deficit target for 2014 budget. The Commission has affirmed that Spain is expected to have 6.5% GDP, which will get stretched to 7% by 2014.

While citing reasons for missing the deficit target by a wide margin, the Commission said that Spain's economy is not showing robust growth. Moreover, the budget-tightening measures, which the country was adopting for time being, have also expired.

If Spain's present condition is assessed then it will be found that the country is in deep trouble. It has suffered major setback in financial sector.

It has been found that Spain's unemployment rate has reached at 27% for entire population and 52% for young people. Among some other problems is rise in suicide rate of people, who are excluded from their homes, as they have been unable to pay rent or mortgage amount.

A gang that supplies hashish and buys the same from Morocco in fishing boats has been captured by the Civil Guard.

Civil guard has stated, "The Civil Guard unit dismantled the entire criminal network detaining those responsible for supplying, smuggling and distributing the drug across Spain". Men in uniform are on a role and after a close watch, they arrested people belong to several nationalities; Italians, Spanish and Moroccan citizens.

Lance Armstrong scandal has made way for an inquest. Spain's doping agency has announced that state prosecutors have started with an investigation into the individuals, who've been part of the scandal report.

According to a report by USADA, Spanish doctors Luis Garcia del Moral and Pedro Celaya and trainer Pepe Marti were also part of this ignominy. The prosecutors in the eastern province of Alicante have been asked to look into the matter and interview each individual named in the report by U. S. Anti-Doping Agency.

As per recent reports, the Office of the United States Trade Representative has come up with its annual report, which highlights countries that raise concern on intellectual property practices.

On the top list of the losers for this year is Ukraine. The US Government has also pointed towards unclear administration of royalty collection in the country.

On the positive note, Spain and Bulgaria is no more in the `Watch List'. But the US Government has made it clear that they will still be keeping an eye on both the countries, when it comes to know their IP progress report.