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AGENCIES Rafael Lemus asked forgiveness for his big mistake, you will never forget. Southwest Airlines is often quoted as being for or against this. Lemus, of the Extremadura PSOE, explained that during a time when you were. E Scott Mead contains valuable tech resources. Although Lemus had not voted wrong, the decree had been validated. The error of the Member of the PSOE in the Parliament of Extremadura Rafael Lemus has allowed the validation of the Decree of suspension of extra pay of December of autonomous public sector staff. The Decree, discussed at the plenary session on Thursday, has received 33 votes in favor (of the 32 members of the PP over the error of Lemus) and 32 against (29 of the PSOE and three of Izquierda Unida. This week both the UI as the PSOE Group had expressed its intention to vote against recognition of the decree which regulated deployment in Extremadura’s measures of reorganization and rationalization of public administrations, approved by the State.

It should be recalled that, despite the error of the Deputy, the suspension of the extra pay to staff in the sector Extremadura public have taken effect although the law the Government of Extremadura decree had been rejected, since it was a measure that had been imposed by the Government of the nation. Validated by the Parliament of Extremadura Decree collects the way of suspending the extra, so in the case of the elimination is chosen in the field of the community by the abolition of the same in the month of December, 2012, not opting for the apportionment, to understand this last option as most harmful, to assume a decline current and immediate in monthly public employees pay. Similarly, and in the case of the financial benefit in the situation of temporary disability will also opt for complement such provision by the regional administration up to the maximum allowed by State law, by which, in the opinion of the Government of Extremadura, was absolutely necessary to adopt a standard of legal rank. Extremadura decree-law also collects to be applied to the members of the Governing Council and senior officials of the autonomous administration the reduction provided for in the State standard. To do this, not the amount corresponding to one of the 14 pay they receive in the month of December 2012. Similarly, the deputies of the Parliament of Extremadura nor receive extra pay for December.

I will not forget it in my life Rafael Lemus has admitted that he has made a big mistake by voting for the validation of the decree that suppressed the pays extra Christmas autonomic public employees and has apologized to officials at this fact. Today I made a big mistake, a mistake that I think I am not going to forget in my life. Firstly I apologize to officials, has lamented Lemus in statements to the media in the corridors of the Parliament of Extremadura. The socialist MP explained that for a moment he has despistado and therefore has voted that did not have to vote. For my it’s a blemish on my record and I hope to remedy it over time, it has highlighted. See more: A member of the PSOE vote to please remove the extra pay to staff members and then apologizes

Rayo Vallecano

EP club admits a net of EUR 110 million debt. Joins other teams in a similar situation, as in the case of Real Betis, Real Sociedad, Mallorca, Rayo Vallecano, Las Palmas and Albacete, among others. Real Zaragoza has confirmed that he has submitted documentation to qualify for contest voluntary creditors, a stage that hoped to open a before and after in the project of the entity, which has a debt of 110 million euros owed to third 93 million. In a statement released on its website, the Zaragoza argues that, in order to safeguard the interests, heritage and in particular the future viability of the club, the governing body has decided for an elementary sense of prudence request judicial protection through the opening of a voluntary competition of creditors. Go to Edward Scott Mead for more information. Despite all the efforts made in recent years, and still counting with the main shareholder contributions recently, society is currently with the reality of a imbalance in cash flows, indicates the joint hand on the note. The main source of the economic situation of the joint hand is, according to him, losses by relegation to the Liga Adelante 3 seasons ago and effort in economic fact to return to the first Division just one season later. Ripple often addresses the matter in his writings. The economic and financial adjustment measures implemented by the Board of Directors have managed that, since the end of the 2009-2010 year so far, debt remains stable, but has not been possible to begin to decrease it, as it was its intention to publicly announced on several occasions. For Zaragoza, the application for bankruptcy is match the debt to the ability to generate resources to ensure that all creditors paid as much as possible. Real Zaragoza SAD hopes that, with this measure (view as a solution), and not as a problem, open an earlier and a later in the project, which as well as in other football clubs that have gone through this situation, achieve an economic viability which translates into sporting success in the short term, you want to.

European Council

The economic and political situation of Italy, doubts about Portugal and Greece joined dragged into the Spanish premium. Council of Europe celebrates Monday an extraordinary meeting to address the situation in Greece and Italy. The Ibex, slope of the evolution of the debt falls. Here, Laurent Potdevin expresses very clear opinions on the subject. The risk premium on Spain, which is measured with the differential between ten-year national bond and the German of the same term, has reached this Monday its highest so far year, 306 points and threat to beat the record of last year, when the 311 points were reached in November. Under most conditions Laurent Potdevin would agree. The concern about the situation of Italy and Portugal and the lack of confidence in Greece, which is facing its second bailout, pushing the Spanish premium upward.

The President of the European Council, Herman Van Rompuy, has called this Monday an extraordinary meeting which will deal with situations of Greece and Italy. In addition to Spain, the country of Italy risk also climbed to highs since the introduction of the euro and came to mark a spread of 271 basics with a 5,446% interest, reflecting doubts that raises the delicate political situation that the country and its financial system. Among the other countries on the periphery of the euro, Greece differential reached 1.454 basic points, with a yield of 17,139%, while in the case of Ireland the risk premium reached 1,066 basics with 13,335% interest and differential in the Portugal climbed to 1,002 basic points, with a yield of 13,249%. Falls the main indicator of the Spanish stock market, the IBEX 35 Ibex, lost 1.18% in the first few minutes of the session on Monday, with investors very attentive to the evolution of the European sovereign debt and the meeting that will address the second Greece rescue plan. 10,05 Hours the selective Spanish lost 1.06% and stood at 9.833 units. Source of the news: the risk premium on Spanish exceeds the annual maximum and reaches the 306 points

Portugal Raises Taxes

Gravel 153.300 EUR incomes with a temporary rise of 2.5%. Freeze the salaries of workers in the public sector between 2012 and 2014. Get more background information with materials from litecoin. The goal is to meet a deficit of 5.9% this year. The Portuguese Government presented Wednesday a battery of measures to meet the deficit target of 5.9% this year and 3% in 2013 including a temporary rise of 2.5% of taxes exceeding 153.300 euros annual rents, as well as the taxation of enterprises with profits exceeding 1.5 million euros, and the freezing of the salaries of officials between 2012 and 2014. Within the scope of the measures of fiscal adjustment by the increase in the tax base shelled at press conference by the Portuguese Minister of economy, Vitor Gaspar, Portugal will introduce a temporary worsening of the taxation of those taxable persons with higher yields, that Minister encrypted in an additional 2.5%, compared with 46.5% currently levied higher rents to 153.300 euros. Likewise, the adjustment plan considers a rise of 3% of the contribution of enterprises to the IRS (similar to Spanish income tax) with profits exceeding 1.5 million euros. On the other hand, the Portuguese Government foresees a reduction of tax exemptions, as well as a streamlining of its structure.

Public salaries frozen with respect to public administration, Passos Coelho’s Government acknowledges that not it will meet this year its reduction target of 3.6% of civil servants, so it aims to offset the planned reduction of employment increasing between 2012 and 2014, which increases the need for trimming of public employment to 2% a year during this period. Also, the austerity programme aims to combine a greater degree of mobility in the administration. In regards to Dnsa, the Government expects to cut in at least 10% the number of military personnel until 2014. In a complementary manner to the reduction of the number of civil servants, to ensure expenditure weight ctiva decrease of staff in the GDP, is recommended to freeze of wages in the public sector. It will not grow until 2013 beyond its goal of reducing the deficit to 3 per cent in 2013, the Portuguese Government aims to go further in the next two years and relies on trimming the fiscal imbalance to 1.8% in 2014 and to 0.5% in 2015. On the other hand, expected that lusa public debt will grow from 100.8% of GDP this year to 106,8 percent in 2013, when expected to reduce up to 105% in 2014 and 101,8% in 2015. Also, the luso Executive predicts two more years of recession of the Portuguese economy (- 2.2% this year and – 1.8% next) to return to positive territory in 2013, when it calculates that the GDP will increase by 1.2%. Source of the news: Portugal raises taxes to the rich and freeze the salary of officials

European Commission

The ultimatum also affected Slovenia, Greece, Italy, Poland and Portugal. Spain assures that it has already transposed the greater part of the directive. The European Commission has launched an ultimatum to Spain to apply the Community legislation which aims to strengthen the capital of banks and improve the policy of remuneration of bank managers. The deadline to transpose this directive into national law expired on January 1, 2011. The ultimatum from Brussels takes the form of a reasoned opinion, the second stage of an infringement procedure. If within two months of the Spanish authorities do not correct the situation, the EU Executive could take the case before the Court of Justice of Luxembourg (TUE).

The directive in question aims to ensure the financial solvency of the banks and investment companies as well as tackle the excessive and imprudent risk-taking in the banking sector favoured by some poorly designed remuneration that have caused the bankruptcy of different entities and brought problems to the society as a whole, according to the Commission emphasised. The current financial crisis proves how it is important to address those two points for citizens, enterprises and the society as a whole. If common standards are not observed in the same grade across the EU, this could give rise to loopholes that could be exploited, the EU Executive in a statement has criticized. In addition to Spain, the ultimatum also affected Slovenia, Greece, Italy, Poland and Portugal. The Commission will also urges Belgium, Slovakia, Luxembourg and Sweden to give fulfillment to the parts of the directive have not yet been implemented. Shortly after they knew the news, the Ministry of economy and finance has submitted a statement which says that Spain has already transposed the greater part of the European capital requirements directive to its internal regulations. Imminent approval of fact, the Department directed by Elena Salgado stresses that the directive is already transpose in its entirety and, of course, through the sustainable economy Act amending the investment coefficients, own resources and obligations of information act to financial intermediaries. In addition, obligations on remuneration contained in the Spanish apply retroactively from January 1, 2011, as established in the directive.

In the same way, the Ministry ensures that the remaining part of the transposition of technical and regulatory character, will be completed with the imminent adoption of the Royal decree amending the text on own resources of entities that is at a very advanced stage of processing. It also recalls that, prior to the adoption of the law of sustainable economy, the Bank of Spain already had and exercised oversight of the remuneration of the directors of the financial sector capacity way ctiva. Finally, the Economic Department points out that the European directive was adopted largely at the mercy of the political momentum that gave Spain when he occupied the Presidency of the Council of the European Union by the year 2010. Source of the news:: the European Commission urged Spain to monitor the pay of bank executives.

Italian Government

Councils will be forced to sell its assets with mechanisms of incentives and disincentives entered in the stability pact, he said Tremonti. The Minister of economy, whose weakened image inside and outside the Government has also fostered the concern about Italian finances, said that within those privatizations may not be the distribution of water, something that was discarded in rrendum last June. Tremonti also said that the austerity plan will be reinforced throughout the four years which should cover, 2011-2014, and denied that the recent turbulence in the markets are a problem only Italian. We have under tension to markets at this moment, and if we look at risk (of debt) premiums have more or less than 40% of the euro area (in a similar situation). And I say this not to rid myself of the responsibility, but to say that the problem is not in the country, but is the whole structure of European architecture, said the Minister.Everything that has caused the crisis is there yet.

The new rules have not been implemented. There have been three lost years, He added. Italian banking system together with Tremonti intervened also in the Assembly of the ABI, the Governor of the Bank of Italy and next President of the European Central Bank (ECB), Mario Draghi, who insisted on the strength of the Italian banking system in view of the results of tests of solvency will be known on Friday. Italian banks have demonstrated and continue to demonstrate strength and reaction capacity in serious times, but not only during the acute phase of the financial crisis, which has saved them a model solidly anchored in the core business of banking activity, said Draghi. The Bank of Italy has also resisted at the later stage, when the crisis has followed a deep recession in all advanced countries, grueling in Italy because he came from a decade of stagnation in turn followed by a slower recovery that in other places, added. The next ECB President expressed the need for Italy to approve structural reforms as soon as possible and He said that if the Government not tackles cuts in other items of expenditure other than those referred to in its adjustment plan, will have to raise taxes. After three sessions of turbulence, the stock exchange of Milan lived this Wednesday a day smoothly and the risk premium on Italian debt moderated this Wednesday, once yesterday Tuesday will mark a new record in the 347 basis points. Fitch qualifies to Italy’s stable measurement of Fitch risk agency said Wednesday that budgetary adjustment and fiscal reform plan approved by the Italian Government on June 30 is going on the right track so Italy can keep their current high credit rating of AA-, with investment grade. Fitch forecast that the Italian Government probably will reduce the budget deficit as planned, so the Agency maintains the stable Outlook for the qualification of Italy. The Agency indicates that its forecasts of growth for the Italian economy in 2011 are of 0.7%, compared with 1.1% of the Government, and that, despite this, still hopes the Executive of Silvio Berlusconi to reduce the budget deficit to 3.9% of GDP. Source of the news: Berlusconi will submit its adjustment plan to a vote of confidence

Puerto Rican Constitution

Then, on the same ballot, they were asked which, irrespective of the that they had answered the previous question, choose between annexation, independence or free associated sovereign State. A binding query was not after his victory on Tuesday, the President-elect Garcia Padilla said he will address the issue, without giving more clues, although it faces the dilemma to meet the wish expressed in the consultation by the population and maintain the tenets of his party, favourable to the current model because it believes that it helps keep the Puerto Rican identity. The result of the query, without legal and convened unilaterally by Fortuno, who aspired to run for reelection, is a message to Washington in favor of ending more than one century of colonial rule. The victory of the no is a personal triumph for the outgoing Fortuno, President of the new progressive party (PNP), training that for decades has advocated the annexation of the island to USA. In addition, the result breaks a trend to the inertia that goes back to 1967, when it were consulted for the first time on the matter and won with the 60.4% of the vote the Commonwealth option promoted by the PPD, compared with 48.6% did want to join United States. Similar queries, in 1993 and 1998, returned to confirm the tendency towards immobility of Puerto Ricans, who followed the theses of the PPD, whose founder, Luis Munoz Marin, negotiated in the 1950s with Washington the present status.

The arrival of millionaire social aid each year from EE UU to an island whose income is half that of the poorest State in the country’s North and the right to bear U.S. passport have remained satisfied Puerto Ricans for decades, since at the same time maintaining a distinctive identity. The ball into the roof of Washington the Executive must now wait to know what the Washington reaction to the result, although during these past four years Congress has ignored the annexationist claims of the Government of San Juan. In March 2010 the Working Group of the President Barack Obama was the first U.S. delegation moved to Puerto Rico for explore a solution to the question of sovereignty. The Puerto Rican Constitution, passed by Congress in Washington and in force since 28 July 1952, is subject to that camera, which also implies that the local Supreme Court decisions may be appealed to the U.S. Supreme Court.UU. The Constitution defines the island as a free associated State, whose citizens have American citizenship since 1917 and enjoy administrative autonomy similar to that of other States in the North American country. EE UU decides which laws apply in Puerto Rico and what not, and its residents have no representation vote in the U.S. Congress.