Alleged hitman not guilty but woman gets 12 years in prison for ordering her husband's death

 

Charles Michael G.C. has served three years in prison on remand and has now been found not guiltyThe accused in court - EFE A 22 year old woman has been given a 12 year prison sentence for ordering the death of her husband with a hitman. María Dolores M., a lawyer from Ciempozuelos, Madrid, contracted Eloy S. to act as a mediator with the hitman. Eloy S. the owner of a private security company, has been given a 12 year six month sentence for his role, and has been found guilty of murder. However the man originally accused of being the hitman, Charles Michael G.C., and who would have carried out the killing of Miguel Ángel S.P., was found not guilty. He was released on December 12 after being held on remand in the Alcalá Meco prison since May 2008, accused of being the material author of the three shots which did away with the ex husband of the lawyer at garage of their home in Ciempozuelos in May 2007. The prosecutor had called for a 45 year sentence for the alleged shooter.

British drug smuggler pardoned from life sentence in Philippines after 20 years in jail

 

A BRITISH thalidomide victim jailed for drug ­smuggling 20 years ago has been pardoned by the president of the ­Philippines. Billy Burton, born with shortened arms and twisted hands, got a life sentence after trying to take 12lb of cannabis out of the country. Benigno Aquino III’s decision came after a campaign for release on the grounds of Mr Burton’s poor health. Advertisement >> The 48-year-old, of Rufforth, North Yorks, will now return home and pay a £294 fine. He will never be allowed to return to the Philippines. Campaign leader Guy Tweedy said: "I've been campaigning for 20-odd months now. While we don't condone what he did, he's deteriorated as a Thalidomider and we had to get him out." Freddie Astbury, the president of Thalidomide UK, also welcomed the news. He said: "We were very concerned about his health because his health had deteriorated rapidly since being in prison. "Obviously, nobody supports why he was there but, at the end of the day, his health's deteriorated and he needs to be in a safe environment now and get all the help that he needs." Mr Astbury added: "The main thing is, get him back, get him treated and get him the health he deserves and as quickly as possible." Jago Russell, chief executive of Fair Trials International, said: "Thousands of people have spent this Christmas in jails all over the world, far from home. We are delighted that the Philippine government has shown compassion for Billy and that, for him, this ordeal is finally over." Mr Burton’s cousin, Angela Morris, said it was “the best present you could ask for”

Man arrested in Spain over Madonna song leak

 

Spanish police have arrested and charged a man with illegally leaking an early version of a new Madonna song. The 31-year-old is alleged to have put a demo of Gimme All Your Luvin on the internet in November. The investigation began after lawyers traced the recording to Spain. The man, described by police as a big fan of the singer, was arrested in Zaragoza. Madonna's first studio album in five years is due for release in late March, with the first single out next month. Police have not named the man arrested, but confirmed his initials as J.M.R. Officers in the northern Spanish city said they found recordings of the song in a search of the suspect's belongings. Madonna, 53, was said to have been "very upset" when the song first leaked last month. Her manager, Guy Oseary, tweeted about the incident and asked fans to help police any further leaks. The singer's upcoming album, her first since 2008's Hard Candy, has already been completed and will be released as part of a new three album deal with Interscope Records. It was also recently announced that the star will perform during the high profile Superbowl half-time show on 5 February.

Ryanair has cuts its Alicante services by 50% for next year

 

Ryanair has cuts its Alicante services by 50% for next year blaming the airport for forcing it to use ‘unnecessary’ airbridges. The airline, which claims the airbridges cost it 2million euros a year in fees, has appealed to the Spanish Commercial courts over the charges which is due to be heard in early February. Ryanair refutes claims from the airport that the airbridges are a safety issue and that Ryanair’s cutbacks were already planned. It added that if the compulsory airbridge use is withdrawn or if they win the appeal, the Alicante flights, traffic and job cuts will be reversed for summer 2012. Ryanair’s Michael O’Leary said: “ AENA Alicante are now proving that inefficient airbridges and higher fees will result in the airport suffering route, traffic and job cuts. “We call again on AENA to reverse this abusive decision to force Ryanair and other airlines to use and pay for unnecessary airbridges at Alicante.” Ryanair had already cut its winter 2011/12 services at Alicante by 50%. A new base is being opened in Palma by Ryanair serving  17 new routes and sustaining up to 2,800 Balearic jobs. The new routes are Palma to Aarhus, Cork, Gothenburg, Haugesund, Kaunas, Krakow, Maastricht, Malaga, Magdeburg, Marseille, Oslo, Paris Beauvais, Poznan, Santander,Santiago, Stockholm, and Tampere. To launch the new flights, which go on sale tomorrow, Ryanair is having a seat sale from 9.99 euros for travel across European routes in late January and early February 2012.   This ends midnight on December 15th

The methane time bomb - Climate Change

 

The first evidence that millions of tons of a greenhouse gas 20 times more potent than carbon dioxide is being released into the atmosphere from beneath the Arctic seabed has been discovered by scientists. The Independent has been passed details of preliminary findings suggesting that massive deposits of sub-sea methane are bubbling to the surface as the Arctic region becomes warmer and its ice retreats. Underground stores of methane are important because scientists believe their sudden release has in the past been responsible for rapid increases in global temperatures, dramatic changes to the climate, and even the mass extinction of species. Scientists aboard a research ship that has sailed the entire length of Russia's northern coast have discovered intense concentrations of methane – sometimes at up to 100 times background levels – over several areas covering thousands of square miles of the Siberian continental shelf. In the past few days, the researchers have seen areas of sea foaming with gas bubbling up through "methane chimneys" rising from the sea floor. They believe that the sub-sea layer of permafrost, which has acted like a "lid" to prevent the gas from escaping, has melted away to allow methane to rise from underground deposits formed before the last ice age. They have warned that this is likely to be linked with the rapid warming that the region has experienced in recent years. Methane is about 20 times more powerful as a greenhouse gas than carbon dioxide and many scientists fear that its release could accelerate global warming in a giant positive feedback where more atmospheric methane causes higher temperatures, leading to further permafrost melting and the release of yet more methane. The amount of methane stored beneath the Arctic is calculated to be greater than the total amount of carbon locked up in global coal reserves so there is intense interest in the stability of these deposits as the region warms at a faster rate than other places on earth. Orjan Gustafsson of Stockholm University in Sweden, one of the leaders of the expedition, described the scale of the methane emissions in an email exchange sent from the Russian research ship Jacob Smirnitskyi. "We had a hectic finishing of the sampling programme yesterday and this past night," said Dr Gustafsson. "An extensive area of intense methane release was found. At earlier sites we had found elevated levels of dissolved methane. Yesterday, for the first time, we documented a field where the release was so intense that the methane did not have time to dissolve into the seawater but was rising as methane bubbles to the sea surface. These 'methane chimneys' were documented on echo sounder and with seismic [instruments]." At some locations, methane concentrations reached 100 times background levels. These anomalies have been seen in the East Siberian Sea and the Laptev Sea, covering several tens of thousands of square kilometres, amounting to millions of tons of methane, said Dr Gustafsson. "This may be of the same magnitude as presently estimated from the global ocean," he said. "Nobody knows how many more such areas exist on the extensive East Siberian continental shelves. "The conventional thought has been that the permafrost 'lid' on the sub-sea sediments on the Siberian shelf should cap and hold the massive reservoirs of shallow methane deposits in place. The growing evidence for release of methane in this inaccessible region may suggest that the permafrost lid is starting to get perforated and thus leak methane... The permafrost now has small holes. We have found elevated levels of methane above the water surface and even more in the water just below. It is obvious that the source is the seabed." The preliminary findings of the International Siberian Shelf Study 2008, being prepared for publication by the American Geophysical Union, are being overseen by Igor Semiletov of the Far-Eastern branch of the Russian Academy of Sciences. Since 1994, he has led about 10 expeditions in the Laptev Sea but during the 1990s he did not detect any elevated levels of methane. However, since 2003 he reported a rising number of methane "hotspots", which have now been confirmed using more sensitive instruments on board the Jacob Smirnitskyi. Dr Semiletov has suggested several possible reasons why methane is now being released from the Arctic, including the rising volume of relatively warmer water being discharged from Siberia's rivers due to the melting of the permafrost on the land. The Arctic region as a whole has seen a 4C rise in average temperatures over recent decades and a dramatic decline in the area of the Arctic Ocean covered by summer sea ice. Many scientists fear that the loss of sea ice could accelerate the warming trend because open ocean soaks up more heat from the sun than the reflective surface of an ice-covered sea.

Snowshoeing in Spain’s Sierra Nevada Mountains

Do you have a map? Yes.

Do you have a compass? Yes.

Do you have a GPS? Yes.

Do you have an ice axe? No we are staying in the forest.

Do you have crampons? No, we have snowshoes!

Paco was clearly going through a list drawn-up by someone else but found our reasoning acceptable and let us pass.

Although Spain’s Sierra Nevada contains the highest mountain in mainland Spain (Mulhacen 3472m), there is only one downhill ski resort in the range. Essentially, this is an undeveloped wilderness in winter where you can get away from it all and experience some genuine backcountry snowshoeing. Each day you can access a different part of the range from the relatively warm southern side with its pretty villages built hundreds of years ago when the Arabs ruled Spain. Dirt track roads lead to high starting points. It’s also possible to stay high in relative comfort at the Poqueira Mountain Refuge at 2500m or fend for yourself at one of a number of unmanned bivouac refuges to make a multi day trip.

The appeal for us running snowshoeing holidays there is the undeveloped nature unlike so many European alpine resorts whose association with skiing, après-ski, and chairlifts spoil the wilderness experience.

Above Capileira

Leaving Paco to continue his questioning, we set off into the trees. The forest above Capileira is our favourite starting point when introducing people to snowshoeing or to this area. Capileira at 1300m is usually just below the snowline and breakfast of coffee and “tostada con tomato” can be had in one of a number of bars before heading up into the snow.

The usual summer road head of Hoya del Portillo is unobtainable, but it provides a good highpoint for a first day out on snowshoes. Up through forested valleys we tramped, passing numerous rocky outcrops, which gave us views of the valley below. The route that day would take us to the summer road head, which in winter was blocked by many feet of snow. We return partly through forest clearings and recently thinned trees, which offer ideal snowshoe terrain. One of the highlights in spring as the water starts to flow again is crossing an “acequia” one of the many water channels built by the Arabs who settled here in medieval times. Although, the Arabs are long gone, their legacy in these water channels and village architecture still remains. The style of building in the high mountain villages here are similar in style to the Berber villages of Morocco’s High Atlas Mountains.

A Trip to the Poqueira Refuge

An alternative is to continue above Hoya del Portillo, which offers a good circuit up to the Poqueira Refuge at 2500m. Not easily possible as a day trip, the refuge does provide a “hotel” service 365 days a year. This modern refuge sleeps up to 84 and can be busy at weekends. Booking is advisable though at anytime of the year.

From Hoya del Portillo it’s possible either to ascend through the stunted pines or easier up the fire break with its stunning views above the Poqueira gorge up to Valetta the second highest mountain in the range. Forty minutes above Hoya we come to the viewpoint of Puerto Molino. It’s from here that we get our first decent views of Mulhacen, mainland Spain’s highest mountain. An undulating ridge leads from here to Mirador Trevelez 2700m where we begin our descent down towards the hut. We skirt the hill of Alto del Chorrillo where we can see a huge cairn about 1km in the distance. This marks the way to the Refuge, which can be seen from the cairn.

A night in the Poqueira Refuge is a great experience. Although the food is basic mountain fare, there are usually four courses and plenty of it. The log burner in the dining room provides plenty of warmth though a down jacket and sleeping bag are useful for upstairs.

By spending two nights at the Poqueira refuge it’s possible to ascend Mulhacen. This is a more challenging proposition, and really only the South Ridge from Alto del Chorrillo is suitable for snowshoes – the West Ridge being steeper and requires ice axe and crampons.

If choosing the West Ridge route, the ascent from the refuge to the Caldera bivouac refuge is up through the valley of the Rio Mulhacen. There is some avalanche risk here and starting early is a must as is having avalanche transceivers, shovels and knowing how to use them. Despite the difficulties, the summit on a clear sunny day offers some great views, of the entire range, and well beyond.

Returning to the valley from the Poqueira Refuge can itself be interesting. It’s possible to complete a circuit by either returning along the path running under the west side of the ridge we ascended back to near Puerto Molino or by descending down to Cortio los Thomas and by following the acequia, which brings us out onto a trail (driveable in summer) beneath Hoya.

Caballo, Europe’s Most Westerly 3000m Peak

Caballo is our favourite mountain and has been the source of many adventures. It’s a nice – though hard day – out from Lanjaron. Driveable dirt tracks take us up to near the road head at 2100m just short of the old ruined Ventura Refuge. Where the snowline starts varies, but it’s usually possible to reach the road head and have snowshoes on within 20 minutes of starting the ascent.

It usually takes around four hours to reach the summit this way. Last march we were able to drive most of the way in a friend’s four-wheel drive and a group of us, including six-month old in a backpack, enjoyed a day of warm sunshine exploring the southern flanks of the mountain. From the old refuge we headed northwards ascending gradually until we hit a forest of stunted pines. An ascent to the top of the forest before leads to a diagonal traverse up to the ridge, which is then followed to the summit. The safest way back avoiding the avalanche risk of the Rio Lanjaron is to retrace your steps, which on a clear day gives views across to the mountains in North Africa some 150Km away. Allow three hours for the descent.

If the snow conditions allow access to it’s possible to drive high, onto the West Ridge of Caballo, which provides the easiest and safest ascent. We’ve found it to be a nice route in April and early May – a four- or five-hour round trip.

Puerto De La Ragua

This is a cross country ski “resort” situated at 2000m. The road to this point is usually kept clear and it provides a good starting point for both easy snowshoe itineraries and for some more serious mountain itineraries. Parking with a café bar, restaurant makes this more of a traditional style alpine resort and good base for circular routes.

Following on from our Poqueira trip, we decided to head off to Ragua. We resisted the temptation to have a coffee, as the forecast for the afternoon was not so good. Instead we skirted the prepared cross country ski tracks and took a big loop to scale the easy rounded summits of Morron de la Cabanuela 2223m and Morron del Hornillo 2375m. From here we dropped down through the trees to follow the track for a short way back to base.

Care should be taken when returning through the forest, especially near the Baranco del Hornillo as there is some avalanche risk here. The more adventurous may wish to extend this itinerary to include the Morron del Mediodia 2753m though a cautious eye should be kept on the weather and time. On this occasion we just managed to enjoy the open tops before the wind got up by which time the café beckoned and we returned to the warmth.

Conditions and Technical

Spain’s Sierra Nevada lies a long way south relatively close to North Africa. Its height attracts the snow and there is usually reliable snow cover most years from 1900m in January, February and March. That said, we have found acceptable snow well into May, and the ski resort has remained open into May for the past three years.

The area can attract very high winds and because of the high altitude the climatic conditions can be very adverse. If contemplating the higher routes you will need experience in survival situations and be able to navigate well in snow. There are plenty of lower more sheltered routes in the forests for those windy days. The Guardian and staff at the Poqueira refuge are always happy to advise on conditions in the higher mountains.

The maps are for the most part accurate in what they show. If it’s on the map it’s usually there on the ground. However, none of the maps show craggy features; so much caution needs to be exercised if following a compass or GPS device in poor visibility as you may be walking off a cliff.

To make the most of a trip to this region you should consider hiring a car. We hire small vans for the extra ground clearance negotiating the dirt track roads. Hiring four-wheel drive vehicles is better though expensive. Capileira is the best base if you do not have a car though you will have to walk an hour to the snowline. The Spa town of Lanjaron is a good base for access to a variety of routes, but you will need your own transport.

Mountain House Holidays will be running seven-day snowshoeing holidays based from the spa town of Lanjaron in February and March 2012, though we also take clients for daily-guided trips at other times.

There is some information on our website for those wanting to plan their own trip, but we are always happy to share our experience with anyone who gets in touch.

There are other guides available locally, but please be aware that only acceptable qualifications for snowshoe guides in Spain (and most of Europe) are International Mountain Leaders or IFMGA Guides.

Summary

There are few places left in Europe’s mountains that are undeveloped for skiing and winter sports. Spain’s Sierra Nevada remains one of these giving a truly wild backcountry feel. A higher level of commitment is needed though because of this lack of development. Rescue can be problematic with no dedicated rescue service; maps not including obvious features such as cliffs; and the combining of altitude and possible high winds giving sometimes arctic conditions. We have got to know the area over many years, sometimes turning back when conditions have dictated it. We expect to spend many more years further exploring the range.

These days Mountain House guides are well known and Paco doesn’t bother going through his checklist with us, rather we engage in pleasant conversation about the mountains, weather and environment. As he says, “you know it all.”

Spanish suburbs transformed into land of shattered dreams

 

When Magali Quezada began working at a remittance office in suburban Madrid four years ago there were long lines of customers -- now she waits patiently for someone to walk in. "It used to be swarming with people, there were long lines of people who wanted to send money back home," the 34-year-old Peruvian said as she looked around the empty office at Torrejon de Ardoz. Like other Spanish suburbs, Torrejon saw a huge influx of immigrants during the years of a profitable real estate boom as millions of foreigners arrived seeking jobs in construction and the service sector. Immigrants account for about one-fourth of Torrejon's population. They come mainly from Latin America, Africa and Eastern Europe and have helped keep the town's bars, cafes and beauty salons busy during the good times. But with immigrants especially hard-hit by the collapse of Spain's real estate bubble in 2008, stores are now deserted. "For sale" signs dot the windows of flats, and the suburb is plagued by unemployment and shattered dreams. "We got used to the good life, we had leisure time, we could buy a plot of land in our countries, we brought over our families. Now all of that is over," said Quezada who arrived in Torrejon a decade ago. Spain's unemployment rate soared to a 15-year high of 21.52 percent in the third quarter, the highest among major industrialised nations. But among immigrants the joblessness is even higher, standing at 32.7 percent. Many now struggle to meet repayments on car and and home loans given out with ease by banks when times were better. When Luis Mendes arrived in Spain in 1997 from Guinea-Bissau, a former Portuguese colony on the West African coast that is one of the world's poorest nations, he thought he found his land of opportunity. The 40-year-old worked long hours on a farm and then as a construction worker and got a bank loan for 100,000 euros to buy a 70-square-metre flat in Torrejon. "I earned a good living, I earned 1,800 euros a month because I would often worked overtime. It was enough to help my family who stayed behind," he said. "Today I don't work anymore. I received jobless benefits during a year but now I am not entitled to them anymore," said Mendes, who shares his apartment with his two brothers who are also out of work. He is facing eviction from his flat because he has not been keeping up with his mortgage payments. The street where Mendes lives has been nicknamed "eviction street" because several other people risk losing their homes over missing mortgage payments. Last month a group of about 60 activists who fight against home foreclosures tried in vain to prevent two bailiffs from evicting Consuelo Lozano from her first-floor flat in Torrejon. The 40-year-old unemployed cleaning lady had already sent her two sons and daughter back to her native Ecuador with her husband but she cannot walk away from her 200,000-euro mountain of debt. "It is a fight against giants and I am nothing beside them," she said, her eyes welling with tears, after she turned over her keys to the bailiffs. Lozano would like to go back to Ecuador but if she leaves Spain the debt on her flat would pass on to her sister, who is a guarantor of the bank loan. "I could go back to Ecuador but where would I leave my conscience which torments me?," she asked. Other immigrants, like Mendes, have no desire to return to their homeland. "It is very hard, I live very badly now. But it is even worse in my country," he said.

Yard detectives investigating Maddie disappearance travel to Spain and Portugal

 

SCOTLAND Yard detectives investigating the disappearance of Madeleine McCann have flown to Spain and Portugal, it emerged yesterday. Three officers met colleagues in Barcelona last month. It is believed the visit was linked to reports Maddie may have been smuggled into the country after being snatched just before her fourth birthday on a holiday in Portugal in 2007. Advertisement >> Investigators hired by parents Gerry and Kate earlier uncovered a child porn ring in the city. A Met Police spokesman said there had been “good co-operation” between the forces. Scotland Yard was called in to review the case earlier this year following a request by PM David Cameron. The McCanns praised cops and added in a statement: “We are pleased that the review is making progress.”

Speeding was identified as a possible cause of what is believed to be one of the world's most expensive ever road accidents

Ferraris and a Lamborghini – plus a Toyota Prius – were among the vehicles involved in the crash, which witnesses said happened when a speeding car slid across a wet road surface.

Television footage showed mangled Ferraris – many of them racing red – and debris spread over some 400 metres of the eastbound side of the Chugoku Expressway, the main trunk road in southern Honshu.

A pack of about 20 supercars was travelling in convoy on Sunday morning on a stretch of wet highway when the leading Ferrari slid into a guardrail, police said.

Those behind slammed on their brakes, but for many of them it was apparently too late.

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"I've never seen such a thing," highway patrol lieutenant Eiichiro Kamitani told AFP by telephone. "Ferraris rarely travel in such large numbers."

Kamitani said 10 people – five men and five women – sustained slight injuries, in the accident. "It is highly possible that they were driving in couples."

"Many of them were probably on their way to Hiroshima," some 130 kilometres (80 miles) to the east, for a gathering of supercars there, said Kamitani.

"Speeding was possible but we have yet to determine the exact cause," he added.

The Prius and a second Toyota also caught up in the 14-car smash were not thought to be part of the supercar pack. The three other vehicles involved in the accident were all Mercedes-Benz.

An unidentified male eyewitness told the TBS network: "A group of cars was doing 140-160 kilometres (85-100 miles) per hour. One of them spun and they all ended up in this great mess."

The speed limit on that section of the highway was 80 kilometres per hour (50mph).

"The front car crashed into the left embankment and bounced off toward me," another man told public broadcaster NHK.

The highway was closed for more than six hours while authorities removed the wrecked cars.

A 36-year-old self-employed man, who did not want to be named, described a scene of chaos as he was driving in the opposite lane at the time of the accident.

"Cars were making a tremendous noise," the man, from Kanzaki, Saga Prefecture, told Japanese media.

One of the Ferraris was reported to be a F430 Scuderia, a model with a top speed of 320 kilometres per hour.

Kamitani said the lead Ferrari was being driven by a 60-year-old self-employed man from Chikushino, near Fukuoka, on the southern island of Kyushu.

Japanese media said the total cost of the pile-up could run to 300 million yen ($3.8 million), with new Ferraris retailing at more than 20 million yen each and Lamborghinis costing anything up to 30 million yen.

Supercars are not necessarily owned by the super-rich in Japan. Many owners are young people who save up their earnings to satisfy their dream, according to media.

No one has been yet been charged over the accident.

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Spain Makes Banks Pay Double To Deposit Guarantee Fund

 

The Spanish government Friday said it has approved a decree that will make banks more than double their contribution to the Spanish deposit guarantee fund, a measure aimed at getting lenders to shoulder a bigger part of the cost of financial sector restructuring. Under the new legislation, banks will have to pay an annual fee of 0.2% of the deposits they hold into the deposit guarantee fund, up from between 0.06% and 0.1% now. Finance Minister Elena Salgado said she expects banks to contribute EUR1.5 billion to EUR1.6 billion to the fund per year after the change. "The restructuring of the financial system will have zero cost for the tax contributor, and today's law reinforces that idea," Salgado said at a press conference following the outgoing Socialist government's weekly cabinet meeting. The move follows a recent government initiative to merge the deposit guarantee fund of the commercial banks with that of the savings banks, and use its funds to cover losses resulting from sector cleanup, part of a wider plan to slash a gaping government budget deficit. The deposit guarantee fund currently holds a total of EUR6.59 billion. The move didn't go down well with bankers. The AEB, a banking association which represents Spain's commercial banks and not the savings banks, said it is "surprising and unfair" that the banks are being forced to pay more to the fund. Until now, none of the listed banks has taken state aid, while several savings banks have been bailed out. Economists and analysts are concerned that the mounting cost of the cleanup of Spain's ailing banks will undermine Spain's efforts to bring down the deficit. Spain's state-backed Fund for Orderly Bank Restructuring injected EUR7.55 billion in its banks to help them meet new minimum capital requirements the government set earlier this year. This comes on top of around EUR10 billion the FROB earlier provided to banks. But the total amount falls far short of the capital needs estimated by many independent analysts. Just last month, the Bank of Spain seized Banco de Valencia SA (BVA.MC), a lender with EUR24 billion in assets that like many Spanish lenders had made big and ultimately fatal bets on lending to real-estate developers. That took the tally of nationalized banks to seven since 2008, after a massive real-estate bubble burst. Only two of these have so far been auctioned off. The Bank of Spain next week is expected to finalize the auction of Caja de Ahorros del Mediterraneo (CAM.MC), by handing it over to midsized lender Banco de Sabadell SA (SAB.MC). Central bank Governor Miguel Angel Fernandez Ordonez recently called CAM "the worst of the worst" of the country's ailing banks, and is offering the buyer sweeping guarantees against future loan losses resulting from its exposure to the real-estate sector. The prime minister elect, Mariano Rajoy of the conservative Popular Party, has said cleaning up the banking sector is one of his main priorities when he assumes power later this month, though he has yet to spell out how he plans to conduct this cleanup

Hundred million euro plan to expand Marbella port gets go ahead

 

109 million euro plan to expand Marbella’s fishing port has finally been given the green light. The long planned transformation of La Bajadilla into one of the most luxurious marinas on the Mediterranean can now take shape after the Junta de Andalucia, Marbella town hall and The Nasir Bin Abdullah & Sons Consortium signed a contract allowing construction to begin. The move comes just weeks after the Andalucian High Court overruled objections to the scheme – submitted by Sheikh Abdullah Al-Tani, a member of the Quatari Royal family and owner of Malaga CF – that it would cause irreversible damage to Marbella. Work will now being within six months and will see the port undergo intense renovation and rescaling to make it ready to receive cruise liners and other large ships. In particular the plan, which is expected to take four years to complete and will create 750 jobs, includes a commercial area of 23,000 square meters, car parking with around 250 spaces, a five star hotel and three times the current number of moorings. It marks the first public private partnership to finance a sports marina in Spain and will give the contractor development rights for 40 years. According to the mayor of Marbella, Angeles Munoz, the scheme will also attract other projects to the Costa del Sol town and is particularly welcome in the current economic climate. “It is a great opportunity not to be missed,” she said.

Marbella has suffered from a scandal that has blighted the town for a decade.

Eighteen thousand homes were built illegally by developers during the boom years up to 2006 and thousands of people bought them in good faith. The Marbella administration has sought to resolve the issue by fining the developers and devising a plan that effectively legalises 17,500 homes. Where developers cannot be found, homeowners pay the fine.

Until now, the Andalucia regional council, within whose jurisdiction Marbella lies, had opposed the town council’s policy of legalising illegally built homes. However, the Andalucian authorities have announced they will issue a decree before the end of December agreeing to allow illegally built homes to remain standing.

However, Marbella and Andalucia agree that 500 homes remain illegal because they break multiple laws. The courts want them demolished, but Marbella’s town council is reluctant to destroy them.

“The politicians don’t want to be seen putting people out of their homes,” says Campbell Ferguson, director of Survey Spain Network of Chartered Surveyors. He advises buyers to consult a lawyer before putting in an offer on a property to find out whether it was licensed or has any fines attached to it.

Laurent Coulée, sales director at Fine & Country estate agents, says; “While nothing was built for the last five years, in the last few months we have seen some villas being constructed.”

Sierra Blanca Estates is building 36 apartments at its Reserva de Sierra Blanca scheme in the north of the town. Prices start at €1.15m for the three-bedroom apartments which are scheduled for completion in 2013. Half have been sold off-plan, with Russians the biggest buyers. Coulée says developers are gaining confidence from five infrastructure projects, three of which are under way.

First, the San Pedro Bypass, which is scheduled for completion in early 2012, will divert traffic from Marbella city centre, relieving congestion during busy summer months. Second, Marbella’s beach promenade, the Paseo Maritimo, is undergoing €10m of upgrades and extensions. Third, Malaga Airport, where a third terminal opened in March 2010, is scheduled to have a second runway completed in the first three months of 2012.

Other infrastructure schemes include the redevelopment of Marbella’s La Bajadilla marina and fishing port. Qatari developer Nasir Bin Abdullah & Sons wants to build a €400m marina with 858 moorings, including six for super-yachts, and a 200-metre pier for cruise liners. It will build shops, bars, restaurants and a five-star hotel to line the quayside and at least four blocks of apartments, by 2015. The town hall is an enthusiastic supporter of this project because it believes it will help Marbella compete with rival tourist destinations, the Côte d’Azur and Sardinia.

Also in the pipeline is a plan to extend Malaga’s commuter railway from Malaga Airport to Marbella, giving visitors and residents an alternative to travelling by road.

Assuming all five schemes are completed, Coulée says their effect on the town’s property market will be transformative. The transport schemes would make it easier for holiday homeowners to access Marbella, while the new marina would draw tourists, providing opportunities to rent out properties, he says.

Despite renewed demand, Marbella remains a buyers’ market. In prime areas, such as the city centre and along the Golden Mile, a stretch of dual carriageway lined by hotels, luxury homes and businesses, property prices need to be 40 per cent below 2006 valuations to make them saleable, says Barbara Wood of buying agency The Property Finders. If the market continues to follow the pattern of previous downturns, prices will flatline in 2012 and 2013 before rising in 2014, she forecasts.

Kristina Szekely, owner of Kristina Szekely Sotheby’s International Realty, says the eurozone crisis, coupled with Spain’s economic and debt problems, is having a negative effect on the Marbella market, but that some buyers are taking advantage of this to buy properties at relatively low prices.

Coulée says Swiss and Scandinavians are buying Marbella homes to take advantage of the fall in value of the euro relative to their national currencies. Other buyers come from Spain, Britain, Russia, Qatar and Dubai, and tend to be cash buyers who do not need a mortgage.

La Casa Loriana is on the market for €50m

Buyers have some interesting properties to choose from. Fine & Country is marketing what it says is Spain’s most expensive home, the €50m La Casa Loriana which overlooks the Marbella beach and promenade. The main house, guest house, beach house and staff villa provide 4,000 sq m of accommodation, including 10 bedroom suites. Features include two swimming pools, a cinema and sweeping driveway.

Marbella’s developers and estate agents are celebrating the Popular party’s general election success in November because they believe the conservatives will support the town’s infrastructural improvements and that they may extend the previous Socialist administration’s temporary VAT cut on newly built homes. Whether that will keep housebuilders at work while the eurozone debt crisis takes its toll on Spain’s economy remains to be seen.

Rich Egyptians weigh emigration as Islamists surge

 

For decades, Egypt's Westernised elite kept the country's growing religosity at arm's length, but a projected Islamist surge in the first post-revolution polls has driven many to think of moving abroad. Sporting the latest fashions and mingling in upmarket country clubs, Egypt's rich fear a victory for the Muslim Brotherhood and hardline Salafis in the first phase of parliamentary elections presages change ahead. "I hope they don't impose the veil and ban women from driving like in Saudi Arabia," said coquettish fifty-something Naglaa Fahmi from her gym in the leafy neighbourhood of Zamalek. In a nearby luxury hotel, Nardine -- one of Egypt's eight million Coptic Christians who are alarmed by the prospect of a new Islamist-dominated parliament -- is pondering a move aroad. "My father is seriously thinking about sending me and my brothers elsewhere because he thinks we won't have a future in the country with the Salafis," said the banker in her twenties. Ten months after a popular uprising ended the 30-year autocratic rule of Hosni Mubarak, millions of Egyptians embraced their new democratic freedoms earlier this week at the start of multi-stage parliamentary elections. The preliminary results to be published on Friday were expected to show the moderate Muslim Brotherhood as the dominant force, but with a surprisingly strong showing from the hardline Al-Nur party. Its leaders advocate the fundamentalist brand of Salafi Islam, rejecting Western culture and favouring strict segregation of the sexes and the veiling of women. They say they have been the victims of Islamophobia and sustained fear-mongering by liberals in the Egyptian media. Nevertheless, the fear that they will try to impose their values on the rest of society has driven Angie to consider leaving her comfortable Cairo life behind. "My husband recently got a job offer in Dubai. In the beginning I was hesitant, but now, with all that's happening, I'm encouraging him to take the job and I'll join him with our daughter," she said. "The Gulf has become more liberal than Egypt," she told AFP. For Ahmed Gabri, having the Islamists in power means having his freedoms restricted. "I will leave the country," said Gabri, a Muslim. "I will not stand living in a puritanical climate. Why don't they just let people live the way they want?" The next parliament will be charged with writing a new constitution and the idea of an Islamist-dominated assembly has sent shockwaves through some segments of society. Many stress the difference, however, between the different Islamist groups. "They don't scare me. We have democracy now which means we'll be able to remove them if they don't suit us," said Manar, a tall blonde in her 40s. "It's the not the Muslim Brotherhood that worries me because they want to appear in the best light, it's the Salafis that I'm concerned about," she said. Iman Ragab, a shop assistant, has resigned herself to the election's likely outcome. "This is democracy, you have to accept the results of the ballot," she said.