ARTWORK by three local art enthusiasts has been taking Mo-jacar by storm recently. The work displayed at the Shockpalmoexhibition attracted dozens of visitors.

ISSUE NO. 1555 // 23 - 29 APRIL 2015ISSUE NO. 1617 30 June - 6 July 2016 WWW.EUROWEEKLYNEWS.COMCOSTA DE ALMERA YOUR PAPER, YOUR VOICE, YOUR OPINION

A LARGE drugs group has been busted by the Guardia Civil inAlbox following a two-year investigation. Two local propertieswere raided, plants, drugs and tools confiscated and five peoplearrested.

Drugs haul

Local artists

See page 6

ALBOX Town Hall has an-nounced it is now running on100 per cent solar energy fol-

lowing installation earlier inthe year of 30 solar panels.

Going greenDozens of Mojacar residentsturned out last weekend to saygoodbye to an iconic Mojacarbar owner, who died earlier inthe week following a short ill-ness.

Jaime Tito Del Amo, wasborn in California and first ar-rived in Mojacar in 1964. Hewas joined in 1966 by his jour-nalist brother, Andre, who wassent to report on the Palomaresnuclear incident for a US newsagency.

The 22-year-old was soon re-cruited as the agency photogra-pher, and according to a recentinterview he was paid 500 pe-setas per day to find and photo-graph the elusive fourth bomb.

After becoming friends withthen Mojacar mayor JacintoAlarcon, Del Amo played ahuge part in the regeneration ofthe town, introducing the dete-riorating village to friends andfamily from the United Statesand encouraging them to investin what he described as a mag-ical location.

Having decided himself tosettle in Mojacar, he bought acomplex of restaurants and barson the Las Ventanicas beach-front.

The self-confessed hippysoon became one of the mostpopular characters in the town,

a great storyteller and amiablehost.

Del Amo famously defendedthe story that Walt Disney wasborn in Mojacar, a story disput-ed by many and, as yet, a mys-tery which remains unsolved.

His bar, Titos, became a

busy hang-out for expatriatesand locals, with live music anda vibrant atmosphere.

A celebration of Del Amoslife was held at the bar on Sat-urday, June 25 and was attend-ed by many local residents,some who knew the colourfulcharacter well and others whofrequented the bar and wishedto pay their respects.

Friends and family across theworld were able to be a part ofthe informal event via the barswebcam.

Local dancers Nikki anddaughter Aisha performed anenchanting fusion ritual dancewith candles and gentle musicwhich had onlookers transfixed,and was a perfect way to hon-our Del Amos spiritual nature.

A moving tribute waswritten by Somos Mojacarcouncillor, Jessica Simpson,a close friend of Del Amoand his family.

The tribute described him asan institution, and a manwho followed his dreams andtouched many hearts far andwide.

By Adele Land

See page 63

See page 68

MOJACAR has influenced the latest collection of up-and-com-ing young Almeria designer Jesus Vera, who recently held ashow in Plaza Nueva to display the pieces the town has in-spired.

Inspiring fashion

See page 20

A NEW computer club has started in Albox, and is holding anopen day tomorrow to allow those interested to see what theycould learn from the clubs courses and meets.

Getting technical

See page 68

Fond farewell toa Mojacar icon

ALTHOUGH Almeria had, since 2011,been following the national trend with birthrates dropping drastically due in part to thefinancial crisis, last year it decided tochange things up and became one of the

few provinces in Spain to register morebirths than deaths.

Population figures for 2015 released thisweek by the National Statistics Institute(INE) have revealed there were 7,931 ba-bies born in Almeria (1 per cent more than2014) and the number of deaths was 5,293.

As the recession finally appears to be lift-ing, Almeria residents are also once againstarting to get married. Altogether 2,100couples tied the knot in the province lastyear, however church weddings are becom-ing less popular with 1,299 of those marry-ing going for purely civil ceremonies.

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN2

ELEVEN workers allegedlytaken on in an irregular fashionby Albox Town Hall testified incourt in Huercal-Overa thisweek. The Public Prosecutor hasreported the town hall after not-

ing possible irregularities whenPP opposition party spokesmanJuan Pedro Perez Quiles report-ed that all 11 new employeeswere friends or relatives of so-cialist councillors.

Workers to testifyLOCAL NEWS

By Eleanor Hawkins

THIS years summer sales areexpected to create 13,600 jobsin Andalucia in July, about1,000 of them in Almeria, ac-cording to data from Adecco

employment agency. There areexpected to be about 3 per centmore new contracts created dur-ing the sales period than lastsummer.

Great job news

ALBOX is mourning one of its favourite doctors, Jose Anto-nio Garcia Ramos, this week. The popular GP, who wouldhave been 70 in November and was due to be named a mem-ber of honour of Almerias College of Doctors tomorrow (Fri-day 1) died of a heart attack while getting ready for work onMonday morning (June 27).

Popular doc dies

More weddings,and more babies

BABIES BORN: Almeria Province has registered more births than deaths.

3NEWS 30 June - 6 July 2016 / Costa de Almerawww.euroweeklynews.com EWN

MAY you live in interesting timesgoes the old apocryphal Chinesecurse, and interesting times do in-deed lie ahead for Britain and theEuropean Union, who will now partways after a stormy marriage span-ning more than four decades.

After 52 per cent of the votingpublic chose to leave, facts on theground have already changed dra-matically.

David Cameron has announcedhis resignation, opening the way toa leadership contest for the Conser-vative command and the possibilityof a fresh general election.

Not to be outdone, the Labourparty has stolen the headlines afterJeremy Corbyns shadow cabinet re-signed en masse in protest againsthis leadership.

In Scotland, the Nationalists aredrawing up battle plans after NicolaSturgeon made it clear that the re-sult justifies a second independencereferendum, while Republicans inNorthern Ireland decried theprospect of a hard border splittingthe island.

Although the voters have spoken,the process of leaving will be tortu-ous and convoluted. Nothing willoff icial ly manifest unti l the UKgovernment tr iggers Art icle 50,which sets in motion a two-year no-tice period for a member state toleave the union.

European leaders have declined toengage in informal talks until Arti-cle 50 is invoked, meaning the crys-tal ball is likely to remain murky atleast unti l a new prime ministertakes office in October.

With two years to orchestrate adeal before Britain automatically re-

verts to the World Trade Organisa-tion regime, whereby all goods soldto the EU will incur tariffs, the ne-gotiations are likely to be both bitterand delicate.

Any deal will require the backingof 20 of the 27 member states, all ofwhom will be considering incredi-bly varied calculations as to what isin their best interests.

While the UK is doubtlessly anessential trading partner memberstates would be loath to needlesslyantagonise, they must also have oneeye on their own rest less elec-torates, and the possibility that an-other chink in their collective ar-mour might prove fatal.

It may well be in the states bestinterest to punish Britain as a warn-ing to other prospective exiteers, athreat roundly dismissed by theLeave campaign, who seek solace ina thinly spread commonwealth andacross the Atlantic.

Alternatively, given that twoyears is a long time in politics, it isentirely plausible that the conti-nents political landscape will shiftin Brexits favour.

Marine Le Pen, the French na-tionalist making serious strides in

local elections, has welcomed theresult and demanded a referendumin her own country.

Sweden, Poland, Hungary, Hol-land and Denmark are also witness-ing strengthening calls for similarreferendums, lending credence tothe idea that Brexit may well be thestraw that broke the camels back.

Britain must also now answer se-rious questions on democratic ac-countability, as the vast majority ofpoliticians are now proven to be outof lockstep with increasingly angryconstituents, who will be expectinginstant change.

While all the wrangling goes onbehind closed doors, the key ques-tion for British workers, pensionersand expatriates is whether the coun-try will remain in the single market.

This will depend largely on theoutcome of the negotiations, whichwill have to consider everythingfrom pensions to health care, freemovement, rebates and highly com-plex payment issues.

With long-term expatriates deniedany say, and the parties engulfed ininternal warfare as Britain turns in-ward, it would be unwise to expectany immediate answers.

FEATURED NEWS

Brexit: What happens next?

By Matthew Elliott

Your papers,your views

Selfish sulkYOUR vote has helped to re-strict once again the futures ofour children and grandchildren,those who will be paying foryour pension in the near fu-ture.... God, some of you Britsare really selfish!

Toni

Buyer beware I WAS speaking with mySpanish lawyer on Friday. Hesaid he will be advising manyof his property purchasingcustomers to suspend buyingnow. A 10 per cent fall in pur-chasing power when buying aPlace in the Sun costs youthousands.

Brian

Prejudice call IT was racial prejudice thattipped the balance - therewould have been a good num-ber of people voting to leaveanyway, but the racial hatredand xenophobia whipped up bysome of the UK Press had adefinite impact.

Stuart

False alarmITS not a matter of turningour back on Europe but ofleaving the political structureof the EU which is designedto create a single Europeanstate. Some 74 per cent of EUlegislation is geared towardsthat political end. Of the 26per cent relating to trade,most is now made by globalbodies like UNECE.

Edward

Heavy heart HOW tragic that our grand-childrens future was decid-ed by clueless old Leavevoters trying to bring backtheir old chi ldhood. Andhow appal l ing that ouryoung people hardly votedat all. The system really isbroken.

Mary

Our readers have been ex-pressing their views about thearticle on the Brexit whichappeared on our website.

Here are a few of your com-ments some of which havehad to be cut due to size butwe are always happy to hearfrom everyone even if theircomments are uncompli-mentary.

www.euroweeklynews.com

EU REFERENDUM: Nothing will manifest until the UK government triggers Article 50.

Sweden, Poland,Hungary,

Holland and Denmark are witnessing

strengthening calls forsimilar referendums,

lending credence to the idea that Brexit

may well be the strawthat broke thecamels back.

INDEXNews 1 - 29

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www.euroweeklynews.com NEWS30 June - 6 July 2016 / Costa de AlmeraEWN4

ALMERIAS Guardia Civilare searching for HichamBB, the 35-year-old Moroc-can father of a 45-day-oldbaby that was found dead inCampohermoso, Nijar,Almeria on Friday (June 24).

The Guardia Civil has re-ported that surveillance is inplace on all major transportcentres in the province in anattempt to stop the man, sus-pected of kil l ing his son,from leaving the area, buthas said that the large num-ber of African families in thearea who may have takenhim in are making the searchcomplicated.

The general public hasbeen asked to look out forthe suspect, who is of largebuild and measures 1.85 me-tres with short black hair,and call 062 or 950 256 112

if they have any informationon his whereabouts.

Emergency services werealerted to the presence of ababy with serious head in-juries at 1.40pm on Friday

and police officers and para-medics were sent to thehome, however the baby waspronounced dead on arrival.

The mother was treated ata local health centre for mi-

nor injuries, Nijar MayorEsperanza Perez later re-ported.

At time of going to pressthere was still no sign of thesuspect.

By Eleanor Hawkins

Authorities searchingfor dead babys father

AIRPORTS: Are under surveillance as the police hunt for the missing mansuspected of killing his child.

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ALMERIAS administrativecourt had to postpone the datefor former Albox mayor Ro-gelio Mena and councillorFrancisco Carrillo to testifyregarding management of the

Centro de Agua y Salud dueto procedural faults.

These faul ts (errors onthe notification dates) plusthe fact that Mena had in-correctly given Albox TownHall as his address, meantthe pair could not testify on

Tuesday, June 28.The dispute in question

dates back to 2013, when Al-box Council decided to cancela contract for the companyServicios Socio Deportivosdel Sur SL to run the waterand health centre for 50 years.

5NEWS 30 June - 6 July 2016 / Costa de Almerawww.euroweeklynews.com EWN

By Eleanor Hawkins

Mayor declaration delay

A smoothSan JuanSAN JUAN celebrationswent smoothly with no se-rious incidents reported inAlmeria, city mayor Ra-mon Fernandez-Pachecoreported on Friday (June24).

Two hundred people(cleaners, police officers,Civil Protection volunteers)worked during the nightand the following morningto ensure everyone stayedsafe, and an estimated29,000 kilos of rubbish wascollected in record time onFriday morning to clear thebeaches for bathers.

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN6

THE town of Vera has gonedigital with the launch of itsnew virtual tourist office.

The mobile phone andtablet application includesinformation on beaches,shops and services.

It also features restau-rants and accommodationas well as traffic warningsand other important alerts.

Vera Council said the ap-plication will be a usefultool for visitors and resi-dents alike.

The app is available oniOS and Android systemsand can be downloaded bysearching for VeraTourism.

Vera applaunched

A UNIQUE art display has tak-en Mojacar by storm over thepast few weeks.

Three art enthusiasts, fromdifferent walks of life, partici-pated in classes last winter withhighly respected artist, ManuelGarcia de la Torre, and theirwork was recently installed inthe Shockpalmo exhibition atthe Mojacar art centre.

De la Torre has a unique col-lection of work inspired by histravel throughout the worldduring his work as a navy com-munications officer.

Local artists Anika Samoa,Bea Onieva and MicheleKoster, spent months learningnew techniques in preparationfor the exhibition.

Samoa, from the Nether-lands, came to Mojacar in the1980s and runs a watersportsbusiness. Having spent her dayslooking out at the sea, horizonand mountains with what shedescribed as forever changingin their colours in the amazingMojacar light, she decided totranslate what she saw into art.

She told EWN: I enjoyedlearning new techniques andwas delighted with the results.

Koster, an experienced artistwith a passion for classical andimpressionist art, said shelearned a lot from the classes.

Onieva was born in Madridbut moved to Mojacar in the1980s. Shes worked with wa-tercolours and oils in the pastand using pastels was a newand exciting experience for her.

Dozens of people passedthrough the art gallery at Mo-jacar Fuente each day, includ-ing Mayor Rosa Maria Cano,who bought De la Torres stun-ning painting of Mojacar.

Classes will begin again inOctober and are open to all.

ARTISTIC SUCCESS: The artists and the painting bought by Mojacar mayor.

Hard work pays offfor Mojacar artists By Adele Land

7NEWS 30 June - 6 July 2016 / Costa de Almerawww.euroweeklynews.com EWN

New gearTHE day centre for the el-derly in Cuevas del Alman-zora has five new pieces ofgym equipment, whichhave been supplied byAgroecopark, the councilannounced after a visit.

More cashALMERIA ProvincialCouncil has approved ameasure to providegrants of up to 100,000for sports events in townsand villages with fewerthan 20,000 inhabitantsthis year, double the max-imum amount in previousyears.

Job scheme THE council in Cuevas delAlmanzora has approved anew local employmentscheme which intends tohelp villagers find work.The scheme will attempt tobring employers and jobhunters together.

NEWS EXTRA

AS the huge skeleton ofthe empty hotel contin-ues squatting on its ownseaside version of death

row awaiting demoli-tion, legal battles contin-ue over El Algarrobico.

The Junta de Andalu-cia regional governmentobtained court permis-

sion two weeks ago tosend inspectors into thebuilding to carry outevaluations in responseto the developers claimfor 70,042,712 in ma-

terial and moral dam-ages, yet there has beenno news of who wouldgo or when, and now ithas asked the high courtto delay proceedings.

The Junta has askedfor the cases against it-self and CarbonerasCouncil to be put onhold until another twocases are resolved.

Hotel still waiting

By Eleanor Hawkins

DEATH ROW: The hotel is still waiting to be demolished.

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Brokenhinge atfault?POLICE investigationshave pointed to a brokenpart as the probable cause ofan accident which saw afour-year-old Nijar boy hos-pitalised in intensive carewith serious head injuries afew weeks ago.

The child was playing inthe patio at La Atalaya in-fant and primary schoolwhen a metal gate fell ontop of him.

Although the child isnow at home he is still re-ceiving treatment for his in-juries and the familyslawyer has asked for the po-lice report to be handedover to the courts to try andfind out who is responsible.

The local council and theregional education depart-ment also ordered investiga-tions into the accident to seewhether it could have beenrelated to repairs made tothe gate in question justdays beforehand.

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN8

THE Costa de Almeriapromotion roadshow hasfinished a two week tourof Andalucia, the Provin-cial Councils TourismService has reported.

During the first of thetwo weeks the show spentin the region, one of themain areas that brings vis-itors to the coast for theirsummer holidays, theshow visited Almeria,Jaen, Granada and Malagabefore moving on toCadiz, Huelva, Sevilla andCordoba in the secondweek.

The show includedmeetings and promotionalactivities aimed at travelagents to provide themwith more information toshare with customers tohelp them choose theirholiday destination.

THE Andalucian governmentis presenting a proposal togradually remove all tracesof asbestos from publicschools where it was used inconstruction and has statedthat it sincerely hopes pri-vate schools will follow suit.

The announcement camefrom the Junta de Andaluciaregional government, whichhas stressed that although the

substance is present in someparts of a few older schoolbuildings (mostly in gymna-siums, parking and roofs) itposes absolutely no healthrisks as long as it is unbro-ken and in good condition.

However due to recentalarm on the part of parents,the Junta stated, it has decid-ed to act for their peace ofmind.

A BUSINESSMAN has been arrested for faking hisown kidnapping as an excuse to spend a weekendaway from home, Almeria Judicial Police have re-ported.

Investigations began when two of the El Ejidobusinessmans employees (who have now also beenarrested for collaborating) went to a police station toreport that they had received messages from theirbosss mobile phone claiming he had been kid-napped. The mans wife also reported that she hadstarted getting constant WhatsApp messages fromher husbands phone demanding 50,000 within 48hours to avoid him being killed or having his fingerscut off.

However, police officers tracked down the manscar and, when they stopped it, they discovered himinside the vehicle alone and he confessed that he hadactually made up the whole story, to cover up thefact that he intended to spend the weekend awayfrom his wife.

TWO dead dolphins in thespace of a few hours werewashed up on the provincesbeach last weekend.

The first animal, a three-metre-long bottlenose dol-phin, was found on a beachnear San Jose.

A second alert was raised ofa smaller creature on a beachin Roquetas de Mar, this timea 1.6-metre striped dolphin.

Volunteers from marine res-cue group, Equinac, attendedboth scenes and reported thatdue to the decomposition ofthe bodies, it was not possibleto perform necropsies to es-tablish the cause of death.

Samples were taken of thestomach contents of the small-er animal and findings includ-ed large amounts of plasticwrap.

Asbestos removal

Sway theneighbours

By Eleanor Hawkins

Almeria husband takeslying to the extreme

SHAM SPOUSE: Entangled work colleagues in his lying so he could get away for the weekend.

Two dead dolphins in one day

TWO DEAD: One dolphin had ingested plastic.

30 June- 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN10 NEWS

Fatal crashA 38-YEAR-OLD bikerdied in San Isidro, Nijar, onMonday (June 27) aftercolliding with a car, emer-gency services reported.The accident happened at11.40am on the AL-3111road.

Spirit in portTHE Thomson Spiritcruise ship will be stop-ping in Almeria port to-morrow, Friday, July 1.The 216-metre-long shiphas capacity for 1,350passengers and 520 crewmembers.

Suspect heldTHE Guardia Civil has ar-rested a 38-year-old man inNijar, suspected of beingbehind the burglary of ahome in San Isidro inMarch, during which theowner reported 1,500 incash, clothes and a mobilephone were stolen.

NEWS EXTRAApplication rejectedAN Ecuadorian woman has been denied Spanish nationality bythe Ministry of Justice for bad behaviour.

The woman, who has been living in Almeria since 2007, wascaught driving without a licence in 2009 and sentenced to 22days of work for the community.

The courts said: She committed a crime against road safetywhich affects society, as she put others at risk.

CARLO PEDERSOLI, betterknown as Bud Spencer, oneof Almerias favouriteSpaghetti Western actors,died on Monday (June 27) atthe age of 86.

Born in Naples in 1929,Pedersoli was an extremelyprolific actor, appearing inmore than 50 films and tele-vision series in the 70s and80s particularly, and was in-volved in a number of pro-ductions filmed in Almeria,an area he was particularlyfond of.

During an interview withSpanish national daily ElPais last summer, the actorjokingly said that back in thedays of recordings Almeriareally did seem like the endof the world it was so quiet.

However, he explained, hefell in love with the sceneryand the people, who were:extraordinary, magnificent,down to earth, friendly, sen-sible, unique.

I filmed a lot in Africa

too but Spain was marvelous,easy to get to, cheap andfriendly, he explained.

The actor, who also repre-sented Italy at the 1952,

1956 and 1960 Olympics,died peacefully with his fam-ily by his side and his lastwords were Thank you, hisson, Guiseppe said.

Popular actor diesBy Eleanor Hawkins

BUD SPENCER: Was a great fan of Almeria.

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NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN12

Authorities work toincrease water safetyTHIS time last year the Spanish Life-guards Association launched a call forcaution aimed at swimmers who werepreparing to dive into pools and the seaacross the country. However this ap-peared to have little effect, as the num-ber of people who drowned during thesummer season increased considerably.

This was particularly true in Almeria,a province which will forever rememberthe summer of 2015 as a tragic one, with12 people losing their lives in the water.

This year the authorities have decidedthey cannot let the same happen again,and Nijar has taken the matter particular-ly seriously as most of last years deathsoccurred within its boundaries.

Although the 12 drownings were dueto various factors, strong winds and alack of lifeguards on beaches in Cabo deGata-Nijar Natural Park were a commonfactor in most, which has led NijarCouncil to try and get its act together.

Local mayor Esperanza Perez an-nounced that her council had made more

effort than ever this year, with life-guards, Civil Protection volunteers andLocal Police officers all being given re-fresher courses in rescue and lifesavingtechniques before the start of the season,which in the area runs from June 15 toSeptember 15.

Although many of the beaches in thenatural park do not have a lifeguard ser-vice, the council has purchased two new

rescue boats, which Civil Protection vol-unteers will be using to patrol the coastlooking for problems.

Another measure this year are flags onunmanned beaches and information pan-els in three languages to remind visitorsthat there is no surveillance service inthe bays and warn them of the dangersof the currents, waves and rocks off theshore.

By Eleanor Hawkins

NEW BOATS: Will be patrolling Nijars coasts looking out forproblems.

FOLLOWING her first yearin office, Garrucha mayorMaria Lopez Cervantes hasgiven a round-up of the workher council has done to im-prove the town, and pledgedto continue taking steps inthe right direction to benefitlocal residents and tourists.

Theres still a long wayto go, but in just 12 monthswe have la id the founda-tions to turn Garrucha intothe capital of the Levantearea, the neuralgic centre oflocal commerce and cater-ing. However we have notforgotten that the town willnot function unless we allrow in the same direction,the mayor stated, stressingthat social services, seniorcitizens and youths and edu-cation had been the depart-

ments where the most workhas been done.

As a result , Lopez said,

residents are becomingmore involved in what goeson around them.

13NEWS 30 June - 6 July 2016 / Costa de Almerawww.euroweeklynews.com EWN

Steps are in theright directionBy Eleanor Hawkins

ON TRACK: But still a way to go, says MayorMaria Lopez Cervantes.

THE provincial council has agreed to cover the cost of repairingand preparing the municipal swimming pool in Olula de Castrofor the summer and has provided the council with a cheque for19,650 to repair its leaks.

The pool, built in 2014 at a cost of 200,000, has been closedsince leaks were detected, and the provincial council haspromised to get these repaired so locals can swim this summer.

Fixing the problem Chemists uniteHEFARAL pharmaceut icalgroup, a cooperative consistingof more than 300 chemists inAlmeria Province, has agreed tojoin forces with Cecofar inSevilla to create a giant distrib-ution group, which will makeup 23 per cent of the market.

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN14

New route for city Crashinjuresfour

Better serviceMOVISTAR telecommuni-cations company has an-nounced that it has rein-forced its 4G networkalong the coast of Almeriato provide better mobileservices for tourists overthe summer season.

Road readyIMPROVEMENT workon the AL-6100 road be-tween Tijola and Lucar isnow complete, AlmeriaProvincial Council an-nounced. The final stretchhas been resurfaced toprepare for the extra traf-fic over the summer.

Sea rescuesSIX people were rescuedfrom a fishing boat 18miles south east of Aguilas(Murcia) and carried tosafety in Carboneras by Al-genib lifeboat on Saturday(June 25) after a fire brokeout on the vessel at 1pm.

NEWS EXTRA

ALMERIA City Council has announcedthat by popular demand a new bus routewill be launched in September to linkLa Goleta and Cortijo Grande districtswith Vega de Aca, Nueva Almeria and

the beach areas.The need for this new route, to be

known as Line Four, was stressed by localresidents during a meeting with city May-or Ramon Fernandez-Pacheco, especiallynow that the health centre in El Palmeralhas closed and most people have to go to

the Vega de Aca centre.Initially the line is due to open in Sep-

tember to coincide with the new academicyear and will be covered by minibuses,which will run from 7.30am to 3pm to co-incide with the opening hours of both thehealth centre and local schools.

FOUR people were in-jured when two carscrashed at the N340-A370 junction in LosGallardos on Mondaymorning (June 27).

Emergency servicesreported that they werealerted to the accident,involving three womenaged 20, 21 and 35, and a26-year-old man, at7.39am and as witnessesreported one of those inthe cars was trapped.

The Guardia Civil traf-fic department, Levantefire brigade, Civil Protec-tion and road maintenanceservices were alerted.

After rescuing the per-son trapped and attendingto their injuries at thescene, all four were takento La Inmaculada hospi-tal for treatment, al-though initially nonewere reported to be indanger.

By Eleanor Hawkins

MINIBUSES: Will be covering the new route initially.

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15NEWS 30 June - 6 July 2016 / Costa de Almerawww.euroweeklynews.com EWN

FRIDAY June 24 was a very special night atCasa Teja in Pulpi as La Esperanza disabledassociation had organised its first musicalgala to raise funds to build a home for dis-abled members next to its day care centre.

Altogether the amount raised was in ex-cess of 1,500 and the organisers expressedpart icular grat i tude to a group of localBritish residents who donated 700 for thecause.

Organised by the association in collabora-tion with Pulpi Council, the Junta de An-

dalucia regional government and the munic-ipal music school, the gala was preceded bytastings of local products provided by anumber of businesses in the area.

The evening continued with performancesby pupils at the music school and local co-medians and poets among others. All of the

performers were thanked for taking part bylocal Mayor Juan Pedro Garcia and the Jun-tas Employment delegate Miguel AngelTortosa, who also announced on the nightthat the number of places for the disabled atCasa Teja is to be increased in the not toodistant future.

Gala night raises funds for the disabledBy Eleanor Hawkins

Jail requestfor dinghycaptainTHE Public Prosecutors of-fice is requesting six yearsin jail for an African manaccused of captaining adinghy which was intercept-ed on March 22, 2015 with26 migrants on board, threeof them children.

The accused, with initialsJB, is accused of a cr imeagainst foreign citizens andthe prosecution stressed inits initial report that the mi-grants had paid about1,000 each for the trip andhad no life jackets or safetymeasures.

The dinghy was locatedby the coast guard Helimer203 hel icopter 27 milessoutheast of Isla de Alboranthe day af ter set t ing sai lfrom the Moroccan coast.

Local poetpresentsnew workORIA poet Gines Recheslatest book, Otras Causas,will be presented at the mu-nicipal library in Purchenaat 8pm this evening (Thurs-day 30).

The local poets work isconsidered to be some of themost important to have comeout of Almeria in the last fewyears and Otras Causas hasreceived praise from criticsand fellow poets includingNational Poetry Award win-ner Angel Garcia Lopez andJose Maria Herraz.

Born in 1966, Reche was afounding member of Contra-punto magazine during hisstudent years and foundedthe Almeria Poet Meetswhich ran in his hometownbetween 1991 and 1998.

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN16

Consequences of Brexit for the UK

What implications could the UK leaving theEuropean Union have on other Europeancountries?

The answers depend heavily on the politicalapproach. But leaving ideology to one side,Britain brings each year 1 billion to Europeanreserves, which could disappear, warns MatthewBeesley, head of Equity Henderson. Although themaths are not that simple because a number ofthings are not reflected, for example, benefits thecountry receives from Brussels and what offsetsthat amount. The fall of British GDP, whichAXA IM estimates to range between 2 per centand 7 per cent, will also have an impact on traderelations with its current partners on both sides ofthe border.

If demand decreases in the UK, exports falland companies that trade with each country alsohave fewer transactions. According to data fromthe UKs National Statistics Office, Britainstrade deficit with EU countries reached highs of89 billion (107 billion) in 2015. That meansthat purchases of French wines, German cars,Spanish vegetables or Italian clothes exceeded

what Britain was able to sell to its neighbours,while exports to EU countries fell by 8 per cent.

Do I have to renounce British citizenship toacquire Spanish nationality?

Yes. Except for citizens of countries withwhom there is agreement of dual nationality(which is not the case of the UK). When youcomplete the process of acquiring Spanish na-tionality, the regulations require, that when youswear loyalty to the constitution, you renounceyour nationality in order to obtain Spanish na-tionality.

If I renounce British citizenship, will I still beentitled to a pension from the UK?

Yes, of course. For the right to a retirementpension you do not have to be a British nationalbut you have to have contributed to the BritishSocial Security. You are required to contribute atleast 30 years to collect a full basic pension.Those who do reach this period will receive a ba-sic pension proportional to the amount con-tributed, with the minimum requirement of oneyear of contributions.

If the UK leaves the EU, will I still have theright to use the Spanish health service?

Yes, provided you are registered in Spain andhave requested healthcare cover because of limit-ed income, if you are not working.

Will pensions be frozen if the UK leaves theEU?

No not at all. The system for calculating pen-

sions will remain the same: Basic pension: Consisting of 113.10

(144.53) per week, which equals approximate-ly 16 per cent of the average wage. This pensionis currently revalued in line with the consumerprice index.

Pension linked to income: It is calculatedbased on the average salary of the professionallife of the taxpayer, updated based on rates ofeconomic growth salaries initial years, and fromthe calculation based on the consumer price in-dex. The average rate in the UK is around 40 percent, compared with 75-80 per cent in Spain.This means that public pension is normally about40 per cent of the last salary of an individual.Therefore, what we see is a fairly low coveragerate and left to the private savings to supplementretirement prior to the same levels.

Pension credit: This is a welfare pension, taxfree, for people most at risk of exclusion. It isbased on income and not what has been con-tributed over the period of your working life andit aims to cover a minimum income for thosewho have reached retirement age and cannot sur-vive with their own resources and other pensions.

If the UK leaves the EU, will I lose the rightto stay in Spain?

No not at all. British citizens remain entitled toenter and move freely throughout the territory ofthe EU, either because they are considered simi-lar to EU citizens or because they pass the gen-

eral arrangements for foreigners in Spain.What about Spaniards living in United

Kingdom?It is still to be decided that in the case that the

Brexit is approved, that EU citizens may nolonger have benefit or ability to enter UK simplywith a passport, and so to enter the country insearch of work may not be easy.

Would Spaniards in the latter case needwork visas?

Yes, if this scenario were to take place a workpermit for professionals who want to developtheir career in the UK would be necessary. Au-thorisation for a work permit would be obtainedand governed by the rules established in this re-gard by the British domestic law. Logically, theprinciple of reciprocity would mean that a Britishwork permit in Spain would also be necessary.

Would the British need a passport/visa to en-ter EU countries?

In the case that no agreement between the EUand the UK is reached, that has been signed withthe integrated EEA block, then yes, since thisscenario would not be included within the spaceof European free movement.

What will happen to Gibraltar?If the UK leaves the EU it threatens access to

their territory. According to negotiations the gateof La Linea de la Concepcion could be resealedwith the havoc that entails for daily transit work-ers on either side of the border.

info@pellicerheredia.com965 480 737 - 606 056 282

30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN20 NEWS

ALMERIA born designer, Jesus Vera,has dedicated his latest collection toMojacar.

The young designer calls the Lunade Mojacar collection a coming to-gether of his best moments.

Inspired by his muse, Spanish actressPenelope Cruz, Veras work is alreadybeing sold in Peru and there are talks ofprojects in China.

The latest collection of hats, head-dresses and turbans was displayed in afashion show in Mojacars Plaza Nuevaand the next seasons project is alreadyunderway.

Despite his success, Vera remainsloyal to his roots and says he is stillvery attached to the area in which hegrew up.

Designer returnsto Mojacar

MORE than 150 companies have benefited from AlmeriaProvincial Councils business revitalisation scheme in the Lev-ante and Almanzora-Los Velez areas, the council has announced.

The scheme consists of activities including information ses-sions on internationalisation. A session was held in Pulpi lastweek and was welcomed by many local business people.Provincial delegate Carmen Belen Lopez said: business peopleobviously want to grow, well continue activities after summer.

Growing local businesses

ANDALUCIA is the first Spanish re-gion to have started proceedings tofine Volkswagen over its allegedemissions fraud, Facua consumersassociation has announced.

The Junta de Andalucia regionalgovernments Health Department,Facua reported, has opened a caseagainst the car manufacturers regard-ing alleged manipulation of softwareto adjust data on nitrogen oxideemissions which affected about 11million vehicles worldwide, an esti-mated 700,000 of them in Spain.

The consumers association haslodged complaints with 17 differentauthorities in Spain, and Andaluciawas the first to respond with actionafter its regional consumers depart-ment received more than 800 com-plaints through eight differentprovincial branches of Facua.

Meanwhile seven other regions

(Canary Islands, La Rioja, Asturias,Navarra, Murcia, Castilla y Leonand the Balearic Islands) have decid-ed to shelve the case or pass it overto the national consumers depart-

ment and Facua has said thatCatalua, Casti l la La Mancha,Aragon, Pais Vasco and Valenciahave not even bothered respondingto their complaints.

Andalucia first toto fine Volkswagen

EMISSIONS FRAUD: VW allegedly manipulated software.

ALMOST 300 schoolchildren from schools in Car-boneras have had their first contact with sailingthanks to a week-long course organised by the lo-cal town hall and Isla de San Andres NauticalClub.

Accompanied by 20 teachers and six specialisedmonitors, 274 youngsters were given theorylessons before heading out in groups on five yachtsto start learning how to handle them.

The course was supported by the Public PortsAgency and parents associations and the manage-ment of San Antonio de Padua, Simon Fuentes andFederico Garcia Lorca schools.

Local Sports Councillor Pedro Jose Venzal ex-plained that the course, which was mainly financedby the council and the nautical club with childrenpaying just 2 each to take part, had been well re-ceived and thanked all involved in its organisation.

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30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN22 NEWS

SPANISH voters in the Alman-zora valley showed renewedconfidence in the Partido Popu-lar (PP) at last weekends gen-eral elections.

The PP won in towns cur-rently governed by the social-ist PSOE party, including Zur-gena and Arboleas. Votes werealso recovered in Albox andLaroya.

PSOE strongholds such asSeron, Lucar and Purchena re-mained loyal to the socialistsbut across the province thePSOE lost more than 5,000votes.

Almanzora loyal to PPTHE Institute ofAlmeria Studies, partof Almeria ProvincialCouncil, has donateda batch of books onlocal matters to Ni-jars La Atalaya infantand primary school.

Culture delegateAntonio Jesus Ro-driguez, explainedthat they came fromdifferent collectionsowned by the instituteand cover a variety ofNijar and Almeria-re-lated topics.

A gift ofbooks

New jobsprovided NINE people have been takenon by Alcampo supermarketin Almeria as part of a RedCross employment scheme.

The scheme, which is fund-ed by the European SocialFund and run by Red CrossSpain in Almeria, aims toprovide training and work op-portunities for people at riskof social exclusion.

The nine new employeessuccessfully passed a trainingcourse provided by the super-market on manipulation ofperishable foodstuffs andwere then offered jobs withinthe company.

By Adele Land

REMAINING LOYAL: Towns in the Almanzora valley.

2330 June - 6 July 2016 / Costa de Almera EWNNEWS www.euroweeklynews.com

PUPILS at Veras Angel deHaro school will be able tohave school lunches as ofSeptember as a new canteenservice has been announced.

The news came from re-gional Education delegateFrancisca Fernandez, whopaid a visit to the school onFriday (June 24).

Accompanied by localMayor Felix Lopez, schoolheadmistress Josefa Fernan-dez, various councillors andteachers and members ofthe parents association, thedelegate was able to see thenew dining room for herselfand spoke of the importanceof providing meals at publicschools.

We need to ensure thatour public schools guaran-tee equal rights and oppor-

tunit ies for al l and this isanother way to do this ,Fernandez stressed.

The mayor thanked Fer-

nandez for her departmentscollaboration regarding Ve-ra schools, while the dele-gate thanked the teachers

for taking time out of theirbusy week preparing gradesand report cards to greether.

SCHOOL VISIT: Education delegate visits the school to see the new dining room.

Local workTHE PFEA rural employ-ment scheme has spentmore than 100,000 pro-viding 1,100 days of workfor locals in Partaloa onimproving infrastructure inCerrogordo district, garden-ing, cleaning and painting.

New kitEL OLIVO parents asso-ciation has donated twodigital blackboards to theJuan XXIII School in LosGallardos and this washanded over to headmas-ter Manuel Iglesias beforethe start of the holidays.

Hat display A HAT and fashion acces-sories designer from Ar-boleas, Isabel Maria Gon-zalez Bonillo, is displayingher creations at 080Barcelona Fashion thisweek. She studied designand opened Txano Comple-ments four years ago.

NEWS EXTRACanteen service willprovide lunch meals

Back toschooldatesrevealedTHE calendar for the2016-2017 academicyear for state fundedschools in Almeriawill run from Septem-ber 1 2016 to June 30,2017.

Classes start on Sep-tember 12 for infantand primary schoolsand September 15 forsecondary schools andend on July 23, 2017,the Junta de Andaluciaregional governmenthas announced.

Between September12 and 26, those start-ing at infant schoolsfor the first time maybe given flexibletimetables to allowthem to adapt to bigschool depending onthe centres rules.

By Eleanor Hawkins

2530 June - 6 July 2016 / Costa de Almera EWNNEWS www.euroweeklynews.com

CLEARLY the Brexit result is big newsin the United Kingdom and the BBC de-cided that it needed to find out how ex-patriates in Spain were handling thenews and what they thought would hap-pen in the future, so they naturally turnedto Euro Weekly News for comment.

On Monday June 27, this writer ap-peared as a guest on seven different ra-dio shows on BBC stations running asfar south as the Solent up to Scotlandand plenty of places in between includ-ing Merseyside, Teesside and Humber-side.

Each presenter asked a number of sur-prisingly different questions but all wereinterested in how expatriates had reactedto the result, what they thought about thefuture and what the Spanish thought ofthe decision.

They also expressed some surprisethat a person living in an EU memberstate could even consider voting to leavethe EU but understood that many saidthey were thinking of their familiesback home, even though they werent

eligible to vote themselves as they hadbeen out of the UK for more than 15years.

The answer that seemed to most res-

onate with each of the interviewers wasthe EWN view that British expatriateswould keep calm and carry on, as onlytime would tell what lay in the future, al-

though those on restricted incomes, par-ticularly pensions paid in sterling wouldsee some immediate reduction in theireuro value.

By John Smith

BBC RADIO MERSEYSIDE: Just one of the BBC stations that interviewed EWN.

InstructorstrainedALMERIA ProvincialCouncil and the AndalucianTennis Federation hastrained 16 regional beachtennis instructors, the 16-hour course included theo-ry and practice.

Sorry state ALMERIA Council hasurged the Junta de An-dalucia regional govern-ment to upgrade the citysAlcazaba, claiming itsslowly falling down andrequires full renovation,not emergency repairs.

Three mealsTHE Junta de Andaluciaregional government iscontributing 5.6m thisyear to guarantee childrenat risk of social exclusionattending summer schoolsin Almeria Province getthree meals per day.

NEWS EXTRA

Wikipedia

Euro Weekly News gives interviewsto seven different BBC radio stations

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN26

Family mattersAN Almeria man has been given a 19-month sus-pended jai l sentence af ter injuring his mother,grandfather and various National Police officers in adomestic incident on January 15, 2016.

The accused was living with his grandparents inAlmeria City and attacked his mother when shewent to visit, knocked his grandfather to the floorwhen he tried to intervene and also attacked policeofficers alerted by screams when they rang the door-bell, the Number Three Criminal Court sentencestates.

Although he has been released with charges, theculprit will have to present himself at the courtstwice per month and pay two fines. He has also beenbanned from going within 200 metres of his grand-father.

The SantiagoWay exhibition

Top for flagsALMERIA is again the An-dalucian province with themost blue flags flying on itsbeaches this year. Almeriasmore than 200 kilometresof beaches have received25 flags from Adeac Envi-ronmental Education andConsumers Association.

Better resultsSELECTIVIDAD (the of-ficial university access ex-am) results in Almeriawere better this year thanlast year, with 95.63 percent of men and 95.58 percent of women who satthem passing.

Traps caughtENVIRONMENTAL offi-cers confiscated 12 illegalmollusc traps from the seaoff Cala de Enmedio inCabo de Gata-Nijar Natur-al Park during a surveil-lance operation supportedby the Isla Tarifa ship.

NEWS EXTRA

Road improvementsplanned for villagesRURAL roads in the Huercal-Overa area are to beimproved as part of a plan by the provincial council.

An investment of 110,000 will see roads in areasincluding, Las Norias, Urcal, El Saltador, SantaMaria de Nieva and many others, undergo resurfac-ing works.

Councillor, Emilio Perez said the plan will im-prove the lives of many residents in these areas andassist the transport of livestock and agriculturalproducts to and from the towns.

HUERCAL-OVERAS in-door pool building is hostinga travelling art exhibition, ElCamino de Santiago desde elSur (The Santiago Way fromthe South) which has been

brought to town by theAlmeria Jacobea Friends ofthe Santiago Way Associa-tion.

The exhibition, which willbe in place until July 10,consists of 26 photos depict-ing a pilgrimage to Santiago.

The association aims topromote the Camino and isalso working on setting upan official route for pilgrimsfrom Almeria along the coastto Villaricos, on to Cuevas,then Huercal-Overa and on-wards to Santiago.

By Eleanor Hawkins

PILGRIMAGE PHOTOGRAPHY: Depicted in the exhibition on display.

30 June - 6 July 2016 / Costa de AlmeraEWN28 NEWSwww.euroweeklynews.com

A NUMBER of schools in the Levante area ofthe province are set to undergo a series of im-provements.

Plans have been revealed by the ministry ofeducation for the revamp of the Maria CachoCastrillo infant school in Turre, the ReyesCatolicos school in Vera and the Mediterraneohigh school in Garrucha.

The Mediterraneo high school will receive aninvestment of 1.2 million to meet the demands

of increased intake of pupils.A new classroom will be built on the top floor

with a capacity for 120 pupils and on the lowerfloor the space will be redistributed. The jointworks will increase the space considerably.

Turres Maria Cach Catrillo school will un-dergo repairs to the playground, entrance andsports ground to the sum of 712,000.

In Vera a new annex will be built adjacent tothe Reyes Catolicos school to house new teach-ing spaces and a dining hall. The budget for theworks is 1.7 million.

SAN JUAN DE LOS TER-REROS in Pulpi hosted AlmeriaProvincial Councils fourthAdapted Leisure Days last week,which was attended by around300 people.

The event, organised by the

Provincial Councils sports andyouth departments and PulpiCouncil, is for people attendingcentres for the disabled in munic-ipalities with less than 20,000 in-habitants to have a fun day outwith fresh air and activities.

The participants, accompaniedby monitors, played beach vol-leyball,football, water polo, didaquagym, zumba and tried outtrampolines and bouncy castleson Playas Mar Serena and MarRabiosa before heading home.

A TOTAL of 5,342 pas-sengers and 1,231 vehi-cles were regis teredboarding ships in AlmeriaPort during the first weekof Operacion Paso de Es-trecho, the annual migra-tion of Africans travellinghome for the summer hol-idays.

This year a record threemillion people are expect-ed to pass through An-dalucia during the opera-tion, the government hasreported.w

By Adele Land

Plans for schoolimprovements

Recordfiguresexpected

A day of fun on the sand

2930 June - 6 July 2016 / Costa de Almera EWNNEWS www.euroweeklynews.com

RESIDENTS in Villaricos re-ported a red floating sub-stance in the sea off thebeaches in the town lastweek.

The incident came exactlya year after beaches along thecoastline were closed due tothe appearance of a microal-gae which caused respiratoryproblems for a number ofbeachgoers.

Vera beach residents asso-ciation, Veraplayazul, re-ported last weeks incident tothe 112 emergency servicesand a specialist technicalteam was sent to the area.

According to reports, a pre-liminary study showed there

was no decrease in the waterquality.

Landfill areas connected tothe nearby Deretil chemicalplant were also studied butthere was no indication of ab-normal discharge.

Deretil safety and environ-ment coordinator, FranciscoMartinez, stressed that the ar-eas were monitored daily andthat there had been no abnor-mal activity.

Concerns were heightenedafter several beaches wereclosed last year on the nightof the busy San Juan festival,during which many beachsidebusinesses suffered financialloss.

Resurfacingbad memories AN Almeria man hasbeen jailed for six years

for attempted homicideafter attacking anotherman in a disco, leavinghim with serious injurieswhich could have killedhim.

The attack, whichhappened in the earlyhours of April 22, 2012in a popular city disco,left the 24-year-old vic-t im requiring urgentsurgery to repair veinsand arteries in his neck.

The 34-year-old cul-prit was found guilty ofsmashing a glass into theyounger mans neck af-ter an argument, know-ing full well it could killhim.

Attackerjailed

PEOPLE on the beach in SanJose on Thursday morning(June 23) were concerned tosee a person appear to fainton the sand and watched onas lifeguards rushed to attendand load the person in ques-tion onto an ambulance to betaken for treatment.

However this was not a realmedical emergency, it turnedout to be a drill which is car-ried out every year to checkthe efficiency of the emer-gency services at the start ofthe season.

Each year a different typeof medical emergency is cho-sen for the drill: last year itwas a heart attack in the wa-

ter, this year the chosen prob-lem was heatstroke.

The authorities run exhaus-tive checks on everythingwhich could over the summermonths help save lives on thebeaches including rangingfrom these emergency drillsto checking the contents offirst aid kits, Nijar Councilexplained.

By Eleanor Hawkins

Help, emergencyon the beach

TO THE RESCUE: Lifeguards participating in the yearly drill to check efficiency.

For more local news from our five other regions see www.euroweeklynews.com EWN top for all the news from Spain.

NEWS FROM OUR FIVE OTHER REGIONS COSTA DEL SOL

Flipping heckMORNING strollers weretreated to the sight of a trioof playful dolphins frolick-ing around Malagas porton the morning of SaturdayJune 25.

ContemporarycopsNATIONAL POLICE havecome up with a novel way toencourage younger infor-mants, by setting up a profileon image messaging appSnapchat, after the bodyamassed more than two mil-lion Twitter followers.

Free parkingTORREMOLINOS Councilhas announced that the pilotinitiative to offer free park-ing to shoppers visiting thetowns centre, which wasintroduced on April 29, hasbeen so successful it will beextended by 12 months.

Finding faultSAN PEDRO DE ALCAN-TARA Council is investi-gating whether damage tothe towns flagship boule-vard is the result of poormaintenance or construc-tion defects, in order to de-termine who should forkout for repairs.

For saleA MERCHANT SHIPnamed Just Reema, whichhas been moored in Mala-gas fishing port for almosta year, after being seized ina drug-trafficking operationwith 15.7 tonnes of hashishon board, is to be auctionedoff with a minimum startingprice of 401,000.

Down boyMALAGA is to be amongthe first Spanish cities tohave its own pet cemetery,with plans expected to befinalised and approved inthe next six months, follow-ing the opening of success-ful ventures in Madrid,Barcelona and Zaragoza.

COSTA BLANCA SOUTH

Lucky numberA WINNING La Primitiva lotteryticket, with a prize of almost300,000, has been sold from ElCorte Ingles store in Elche. The ticketholder has yet to come forward.

Course completePRESENTATIONS and awards havebeen handed out to all 18 studentswho took part in Guardamars firstcooking course. Students spent a totalof 160 hours training and working indifferent restaurants and hotels.

Late shoppingWHITE NIGHT has been held inElche. Organised by the MerchantsAssociation and Department of Com-merce, the event saw stores open from10pm-midnight.

Summer schoolSUMMER school for children at riskof social exclusion will run from July4-29 in Crevillentes Francisco Can-dela school. Registration is now openfor children aged three to 16.

Counterfeit arrestPOLICE in Alicante have arrested aDutch man aged 48, for alleged of-fences against intellectual property.The man was accused of selling coun-terfeit goods in Guardamar del Segura.

MALLORCA

Hotel pricesHOTELS in the Balearics have closedcontracts for the 2017 summer seasonwith German, British and Scandinaviantour operators which include price risesas high as 15 per cent. The increase ismainly due to high demand caused bysafety concerns of terrorism elsewhere.

Costlier waterTHE Balearic government has increasedthe rates of desalinated water by 45 percent for golf courses which will nowhave to pay 1.45 per cubic metre.

ITV testsCAR inspection services in Palma andInca have been saturated recently afternew security cameras were installedresulting in a multitude of fines fordrivers who hadnt passed the ITV.

New minibusesTHREE minibuses will connect Sa Rapi-ta and Ses Covetes in an effort to allevi-ate the problem of vehicle access whichbegan last summer with the closing oftwo illegal car parks.

Parking protestWORKERS in Son Espases Hospitalhave been summoned by the board ofpersonnel to protest the lack of free park-ing for all employees of the hospital.Workers will hold a three-day protest.

AXARQUA

Cooler marketWORK is to be done to reduce heat in-side the municipal market on Velez-Malagas Avenida Vivar Tellez followingcomplaints from users, the council said.

Migrants caughtWHILE some headed to the beach onThursday evening (June 23) to celebrateSan Juan, others arrived from the otherdirection as a dinghy with 31 African mi-grants, five of them 16 and 17-year-oldswas intercepted by the Guardia Civil.

Discovery visitA GROUP of Spanish travel bloggerswere invited to stay in Salobrea lastweek to discover its attractions andenable them to write about them fortheir readers, the council reported.

Paragliders injuredTWO people, a 56-year-old man and a27-year-old woman, were injured in aparagliding accident on the A7207 roadbetween Competa and Canillas de Albai-da just after midday on Friday (June 24).

Smoke inhalationTHREE men aged 23, 38 and 40 re-quired medical treatment after inhalingsmoke when the lid of a fish tank and anumber of plugs caught fire in a flat onMotrils Calle Cuartel de Simancas onSunday (June 26).

COSTA BLANCA NORTH

Schools out!THE children of CEIP Santa Maria inDenia celebrated the end of the schoolyear with an end of term school prom.This included a play performed in Eng-lish, dances and other performances.

Madrid promotionA DELEGATION from Teulada-Morairas tourism office travelled toMadrid to promote the municipalitysbeaches. Under the name Aqui hayPlaya the presentation was made at atourism fair in time for the summer.

Benissa beach PLAYA LA FUSTERA announced itselffully open for the summer season fromMonday June 27. The Blue Flag beachhas a full lifeguard service and there isalso a Red Cross station.

Post OfficeBENIDORMS main Correos post of-fice is to move before the end of theyear. It will vacate its present location inAvenida de LAiguera and move topremises in Calle Marques de Comillas.

Dog fines DENIA Town Hall has announced aproposed increase from 200 to 400maximum fine for any owners caughtnot clearing up after their dogs in themunicipality.

By Matt Ford

SAN PEDRO DE ALCAN-TARA will host the travellingexhibition The Arctic is Bro-ken until July 20 on theseafront boulevard.

The aim of the installation isto publicise the important rolethat ecosystems of the NorthPole play in global climatemanagement, and demonstratethe importance of their conser-vation, as subsurface ice contin-ues to disappear at an alarmingrate.

These changes are triggeringan acceleration in climatechange that will affect the entireplanet.

The exhibition is open sevendays a week from 11am to 2pm, and 5pm to 11pm, whileguided tours are available at6pm daily, with an extra 1pmslot on Saturdays and Sundays.

WARMING UP: The Arctic ice is melting fast.

COSTA DEL SOL

NEWS30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.comEWN30

Environmental message

BRITISH pop star Rita Ora brokedown in court while giving evidenceagainst two men charged with breakinginto her home in North London andstealing 200,000 (260,000) worth ofjewellery and items.

Birthday tributeTHE widower and children of the late

MP Jo Cox joined her friends, col-leagues and high-profile campaigners tomark what would have been her 42ndbirthday. The MP was shot and stabbedin an attack in Birstall near Leeds.

Smoking costsQUESTIONS are being raised over

whether smokers should be paid less af-ter figures emerged showing that the av-erage UK smoker takes seven minutes

to have a cigarette costing busi-nesses an average 1,815 a year peremployee who smokes.

Grinder attackBIRMINGHAM Crown Court has

heard how a woman tried to kill her ex-husband with a pepper grinderbefore stabbing him with acarving knife. The courtwas told she feared hewas trying to take theirdaughter to Pakistan.The man survived.

A MAN who sparked a security scareat Amsterdams Schiphol airport in Aprilby saying he was a terrorist has beenfined 500 by judges.

Smoke freeAN anti-smoking group is taking the

Dutch state to court in a bid to havesmoking areas in Dutch cafes and barsclosed down. International agreementsrequire that the entire catering sector

be 100 per cent smoke free.

Ocean projectAN experiment to clean the ocean of

plastic with a 100m long barrier begins23km off the Dutch coast. The projectuses long floating arms to capture the

floating plastic, but allows fish andplankton to pass through unharmed.

Holiday pay JUST over four in 10 people will use

their annual holiday pay for a holidayaccording to the family spending insti-tute Nibud. Dutch workers get an addi-tional 8 per cent of their annual salariesto cover the cost of a holiday, but manywill be saving it.

Magicmushrooms

A 12-year-old was hospi-talised after her father fed hermagic mushrooms. The manhad already eaten some of themushrooms which have a psy-chedelic compound. He nowfaces charges.

Cap insultsA YOUNG Jewish man re-

ported being beaten in Berlin forwearing his religious skullcap.The 21-year-old said three menof Arabic appearance reacted tohis kippah and began insultinghim before kicking and punch-ing him.

Boss sorryTHE boss of Volkswagen has

issued an apology to angryshareholders over the emissionscheating scandal that cost thecompany billions and a 40 percent drop in the companysshare price.

Child adventureA CHILD was left to travel

80km on a bus on her own onthe Autobahn after the motherwent to use the bathroom duringa stop and the driver left withouther with her 1-year-old stillsleeping on the bus.

Gun registryGERMANY wants to

strengthen the gun registry in itsfight against terror. The planwould make it easier to ex-change information aboutweapons across the EU. In Ger-many there are around 5.8 mil-lion privately owned guns regis-tered.

Mural horrorBERLIN residents are

shocked and upset by a 42mhigh mural on a wall in theTegel neighbourhood of abloodied girl. It is supposed tobe reflecting the refugee crisisand is part of a series of fivemurals by the street art networkUrban Nation.

GERMANPRESS

DUTCHPRESS

Fined for airport scare

Surgeonsuspicion

SWEDEN: Prosecutors havetold the renowned Italian sur-geon Paolo Macchiarini that heis formally suspected on twocounts of involuntary man-slaughter. He was sacked inMarch by Swedens KarolinskaInstitute following controversyabout his methods.

H&M profitsSWEDISH fashion giant

H&M has reported lower prof-its in the three months betweenMarch and May, a fall of 17 percent compared to last year. Thecompany is still expecting toopen 425 new stores this year.

Bed shedDENMARK: A Scottish

councillor has upset Legolandafter leaving his taxpayer-fund-ed trip to Denmark after justtwo hours because the cabinsdidnt meet his certain stan-dard calling the chalets basi-cally sheds.

Concert deathDENMARK: A music fan

died after sustaining injuries ata concert by the punk bandNOFX at the Christiania venueDen Gra Hal. The venue saidthe young man died as the re-sult of a fall after the show.

Terror chargeDENMARK has convicted

its first Daesh foreign fighter.The 24-year-old was convictedon terror charges under Den-marks terrorism law.

Whale killersNORWAY: Animal rights

groups have criticised Nor-ways whaling industry. Thecountry now leads the world inwhaling, killing more whalesthan Iceland and Japan com-bined within the past two years.

SCANDINAVIANPRESS

EUROPEAN PRESS

BRITISHPRESS

Rita breaks down

AMSTERDAM AIRPORT: A man threatened that he was a terrorist.

RITA ORA:Her Londonhome wasbroken into.

30 June - 6 July 2016 / Costa de AlmeraEWN32 NEWSwww.euroweeklynews.com

30 June - 6 July 2016 / Costa de AlmeraEWN34 NEWSwww.euroweeklynews.com

THE FSB raided 14 loca-tions linked to the Churchof Scientology as conflictbetween the controver-sial cult and the Russiangovernment notched up agear. Accusing the churchof illegal business deal-ings, the authorities havelong denied its claim to be areligious organisation cour-tesy of its names registrationas a US trademark.

Decadentdivorce

DESCRIBED as thebiggest divorce case in his-tory, a weal thy Russianbusinessman is embroiled ina bitter battle with his ex-wife who is claiming 6.5bi l l ion of his for tune.Vladimir Potanins wife Na-talia is currently exiled inLondon and says her hus-band is hiding his wealththrough a Kafkaesque net-work of corporate s t ruc-tures.

Lake horrorTRAGEDY struck the

north-west region of Kareliawhen 13 children and theirinstructor died in a boatingaccident. A storm capsizedseveral boats containing chil-dren on a trip from Moscowwith experts saying they like-

ly died of hypothermia in thecold waters not far from theFinnish border.

ClockworkOrange

AFTER being widely con-demned for fan violenceduring Euro 2016, the gov-ernment has unveiled a newprogramme seeking to re-

duce the threat of vi-olence ahead of the2018 World Cup tobe held in Russia.Experts have criti-cised the pro-gramme for only

working with goodfans who arent like-

ly to cause trouble any-way.

Rolling rubleA REPORT on the worlds

most expensive ci t ies forexpats to l ive in has seenMoscow drop by 17 places.In 2013 the city was consid-ered the second most expen-sive city but now occupiesno 67 on the list. St Peters-burg has also fallen dramati-cally, from 23rd three yearsago to 152nd in 2016.

Crashconspiracy

RELATIONS betweenPoland and Russia were fur-ther strained when Polishprosecutors announced theywould exhume the bodies ofthe 96 victims of a presiden-tial plane crash in 2010. ThePolish president and othertop brass perished in thecrash near Smolensk inwestern Russia with con-spiracy theories speculatingas to the cause.

RUSSIAN PRESS

Cult crushers

SOVIET workers vil-lages in Moscow are un-der threat from developersdespite once being protect-ed due to their cultural her-itage. The PogodinskayaUlitsa district is set to bedemolished to make wayfor luxury housing ignitingfury among locals and ar-chitects hoping to preservethe iconic buildings.

THE FSB: Raided 14 locations.

Modernmadness

MOSCOW: Local fury.

By John Smith

ACCORDING to a tweet from theFinancial Times correspondentJim Pickard, the amount wiped offthe value of British stocks in thefirst couple of hours of tradingfollowing the announcement ofthe referendum result was equiv-alent of 24 years of UK contribu-t ions to EU and i t seems that

there is a general panic not just inBritain but in world markets, withMadrid having one of i ts worstdays ever.

Generally speaking, individualmarkets do bounce back, but forthose expatriates based in Spainwith pensions being paid in ster-ling, it is likely that they will seea definite lowering of the value oftheir income as the pound fell dra-

matically against the euro as well. The Bank of England has issued

encouraging words of how it willprotect the economy if it needs tobut for the f i rs t t ime in a longtime, the value of Great Britainplc fell below the value of Franceplc, even though that country is inthe gr ips of a vicious s tand offwith unions over proposed newlabour laws.

STATE PENSIONS: Keep alert about developments.

FINANCEbusiness & legal

35Costa de Almera EWN30 June - 6 July 20161,250 was the price of one ounce of gold up 7 per cent soon after the Brexit result as investors lookedfor a safe haven although it did drop back.

A EURO WEEKLY NEWS 6 PAGE SPECIAL SECTION // WWW.EWNBUSINESS.COM

LONDON - FTSE 100 DOW JONES NASDAQ-0.53% -3.39% -4.07%CLOSING PRICES JUNE 27

IBEX 35 +1.78%

ASSUMING Boris Johnson wins anyleadership election and becomes primeminister, then the very real possibilityis that those who joined him in theLeave camp will be rewarded for theirloyalty rather than the government bypicking up some of the juicier jobs.

The politician most likely to get thechoice of jobs is Michael Gove and itis not beyond the realms of possibilityhe may choose to become the nextChancellor of the Exchequer.

ALTHOUGH the exit vote isunlikely to have an immediateeffect on the state pension, as avast number of British expatri-ates in Spain are either in re-ceipt of the British state pen-sion or are near to becomingeligible, there will be somefears concerning its real worthin the future.

Currently, pensioners livingin any EU member country re-ceive any increase in the basicrate of pension as and when it

occurs in the UK, but thosewho reside outside of the EU(except in Switzerland) do notreceive the same increases.

For the next two years or so,Britain will remain a member(albeit on the periphery) of theUnion and it is unlikely anychanges to pension laws willtake place, but with a newPrime Minister due to take of-fice and an election no laterthan 2020, it is possible pen-sions for expats will be frozen.

And what aboutstate pensions?

Nigel Farageand the NHS HAVING spent a great deal ofcampaign time explaining thatshould Britain leave the EU thenthe NHS would expect to have anadditional 350m (420m) aweek made available to it, NigelFarage declared on the day of theresult of the referendum that thisactually wasnt the case.

Considering he is an MEPwith absolutely no power withinthe House of Commons to directany expenditure at all, it is sur-prising anybody took his state-ment at face value, although it isnot surprising he now says thathe regrets making the claim.

ExchangewoesAPART from the fact the LondonStock Exchange is seeing colos-sal falls which doesnt hurt itsprofitability, the proposed mergerwith the Frankfurt exchange isnow under pressure with the Ger-mans wanting Frankfurt to be-come the legal headquarters ofthe new group.

ONE major question now is whether banks andfinancial institutions will decide to desert Lon-don and the UK as imagined by a number of fi-nancial journalists in the lead up to the referen-dum in the event that an exit vote wassuccessful.

Whilst the possibility had been brushed off by

the Leave campaigners, the next few weeks willsee exactly how the financial world, which tendsto put profit over country will behave as withinhours of the result it appeared that the first evac-uee would be US bank Morgan Stanley whocould move 2,000 staff to Dublin or Frankfurtfor efficient euro clearing facilities.

The Leave banking casualties

was the amount wiped off the valueof UK shares within two hours of

the opening of the market followingthe Brexit result.

Quote of the WeekSome market and economic volatility can be expected as thisprocess unfolds. Mark Carney, Governor of the Bank of

England on the leave vote.

STAT OF WEEK

CLOSING PRICES JUNE 27CLOSING PRICES JUNE 27CLOSING PRICES JUNE 27

200 billion

Vacancy fornew ChancellorHuge drop in share prices for FTSE

BUSINESS EXTRA

MMM 3M 169.12 -4.99 -2.87% 4.6MAXP American Express 60.06 -3.19 -5.04% 10.8MAAPL Apple 93.40 -2.70 -2.81% 75.3MBA Boeing 126.52 -7.03 -5.26% 9.7MCAT Caterpillar 73.03 -5.19 -6.64% 12.2MCVX Chevron 101.90 -2.54 -2.43% 11.5MCSCO Cisco 27.75 -1.47 -5.03% 44.4MKO Coca-Cola 43.93 -1.15 -2.55% 26.0MDIS Disney 95.72 -3.30 -3.33% 15.1MDD E I du Pont de Nemours and Co 66.00 -3.21 -4.64% 10.3MXOM Exxon Mobil 89.39 -2.41 -2.63% 20.0MGE General Electric 29.82 -1.37 -4.39% 85.7MGS Goldman Sachs 141.86 -10.80 -7.07% 9.4MHD Home Depot 126.40 -1.89 -1.47% 9.0MIBM IBM 146.59 -8.76 -5.64% 9.1MINTC Intel 31.55 -1.44 -4.36% 38.1MJNJ Johnson & Johnson 115.63 -1.75 -1.49% 13.9MJPM JPMorgan Chase 59.60 -4.45 -6.95% 44.1MMCD McDonald's 119.44 -1.77 -1.46% 7.0MMRK Merck 55.88 -1.80 -3.12% 17.3MMSFT Microsoft 49.83 -2.08 -4.01% 133.5MNKE Nike 52.59 -1.53 -2.83% 18.5MPFE Pfizer 33.97 -0.62 -1.79% 44.0MPG Procter & Gamble 82.26 -1.95 -2.32% 12.4MTRV Travelers Companies Inc 111.02 -2.83 -2.49% 2.4MUTX United Technologies 98.89 -3.44 -3.36% 7.4MUNH UnitedHealth 137.29 -1.90 -1.37% 4.5MVZ Verizon 54.43 -0.24 -0.44% 43.8MV Visa 75.05 -3.18 -4.06% 18.4MWMT Wal-Mart 71.96 -0.14 -0.19% 15.1M

Kleinwort Benson Elite PCC Ltd

Land Securities Group PLC 959.50 -45.50 -4.53 506.12Legal & General Group PLC 179.65 -8.80 -4.67 6,614.36Lloyds Banking Group PLC 53.27 -3.75 -6.58 128,368.30London Stock Exchange Gr 2476.50 -23.00 -0.92 227.89Marks & Spencer Group PLC 310.05 -15.90 -4.87 2,375.80Mediclinic International PLC 999.00 13.00 1.32 150.64Merlin Entertainments PLC 422.45 -8.40 -1.95 347.98Mondi PLC 1328.50 -3.00 -0.23 241.85Morrison (Wm) Supermarkets 178.00 -4.90 -2.68 2,039.39National Grid PLC 998.70 13.80 1.40 1,395.96Next PLC 4676.00 -169.00 -3.49 98.62Old Mutual PLC 184.00 -2.70 -1.45 2,002.44Paddy Power Betfair PLC 8725.00 5.00 0.06 11.14Pearson PLC 911.50 -2.50 -0.27 492.87Persimmon PLC 1444.00 -78.00 -5.13 709.91Provident Financial PLC 2367.00 -82.06 -3.35 26.36Prudential PLC 1197.50 -37.50 -3.04 983.81Randgold Resources Ltd 7775.00 410.00 5.56 93.84Reckitt Benckiser Group PLC 6976.50 83.00 1.20 165.48RELX PLC 1283.00 0.00 0.00 920.96REXAM PLC 640.50 -0.50 -0.08 49.39Rio Tinto PLC 2096.25 19.50 0.94 971.53Rolls-Royce Holdings PLC 642.00 -7.00 -1.08 728.73Royal Bank of Scotland Grp 186.05 -19.30 -9.40 8,328.20Royal Dutch Shell PLC 1900.75 17.50 0.93 1,012.98Royal Mail PLC 493.05 -15.00 -2.95 542.23RSA Insurance Group PLC 449.80 -11.30 -2.45 330.02SABMiller PLC 4285.25 5.50 0.13 193.44Sage Group (The) PLC 594.75 -8.50 -1.41 514.73Sainsbury (J) PLC 221.30 -5.90 -2.60 1,968.44Schroders PLC 2278.50 -103.00 -4.32 85.38Severn Trent PLC 2248.50 28.00 1.26 78.15Shire PLC 4167.00 63.00 1.53 401.30Sky PLC 822.25 -12.50 -1.50 621.50Smith & Nephew PLC 1187.50 5.00 0.42 277.84SSE PLC 1434.00 14.00 0.99 616.58Standard Chartered PLC 552.55 -10.70 -1.90 1,783.86Standard Life PLC 272.90 -11.10 -3.91 1,059.76St James's Place PLC 736.75 -37.50 -4.84 281.81Taylor Wimpey PLC 127.95 -8.10 -5.95 12,234.43Tesco PLC 159.85 -2.45 -1.51 3,849.38Travis Perkins PLC 1503.00 -116.00 -7.16 223.97TUI AG 946.50 -7.88 -0.83 179.44Unilever PLC 3314.25 48.00 1.47 737.10United Utilities Group PLC 943.50 15.32 1.65 200.01Vodafone Group PLC 215.90 -3.40 -1.55 16,337.76Whitbread PLC 3657.50 -173.00 -4.52 132.26Wolseley PLC 3712.00 -29.00 -0.77 73.26Worldpay Group PLC 276.20 -4.10 -1.46 1,572.32WPP PLC 1508.50 -17.00 -1.11 770.12

Most Advancedregion TVIX $ 3.31 0.96 40.85%region VIIX $ 22.76 4.37 23.76%Skullcandy, Inc. $ 5.76 1.08 23.08%The Finish Line, Inc. $ 20.45 3.66 21.80%Electro Rent Corporation $ 15.46 2.43 18.65%region TVIZ $ 13.17 1.98 17.69%ProShares UltraPro Short NASDAQ Biotech $ 36.50 4.80 15.14%region UGLD $ 13.41 1.73 14.81%ProShares UltraPro Short QQQ $ 20.35 2.21 12.18%Proteon Therapeutics, Inc. $ 6 0.65 12.15%Aeglea BioTherapeutics, Inc. $ 5.36 0.56 11.67%Most Declinedregion XIV $ 22 8.05 26.79%Zions Bancorporation $ 2.28 0.72 24%First Trust United Kingdom AlphaDEX Fund $ 32.90 7.45 18.46%iShares MSCI Europe Financials Sector Index Fund$ 15.57 3.09 16.56%Egalet Corporation $ 4.75 0.86 15.33%NN, Inc. $ 15.35 2.77 15.29%region DGLD $ 44.22 7.56 14.60%Proshares UltraPro Nasdaq Biotechnology $ 19.44 3.30 14.51%region DTYS $ 11.9899 1.9601 14.05%Liberty Global plc $ 29 4.57 13.61%Immunomedics, Inc. $ 2.17 0.33 13.20%

CCOMPANYOMPANY PPRICERICE((PP)) CCHANGEHANGE((PP)) % C% CHGHG.. NNETET VVOLOL

DOW JONESCLOSING PRICES JUNE 27

3i Group PLC 498.65 -14.00 -2.73 324.38Admiral Group PLC 1910.00 -40.00 -2.05 90.68Anglo American PLC 664.50 6.20 0.94 932.95Antofagasta PLC 443.95 14.25 3.31 465.95ARM Holdings PLC 1051.00 -29.97 -2.78 650.50Ashtead Group PLC 997.00 -36.00 -3.48 407.57Associated British Foods PLC 2697.00 -77.00 -2.77 143.88AstraZeneca PLC 4077.50 47.50 1.18 566.56Aviva PLC 365.45 -9.40 -2.51 2,629.66Babcock International Group... 923.00 -10.50 -1.12 119.96BAE Systems PLC 477.35 -3.40 -0.71 833.35Barclays PLC 141.85 -12.00 -7.80 31,621.34Barratt Developments PLC 423.20 -16.80 -3.82 1,825.67Berkeley Group Holdings 2470.50 -124.00 -4.78 521.25BHP Billiton PLC 858.00 1.70 0.20 1,281.24BP PLC 396.10 2.35 0.60 7,103.97British American Tobacco PLC 4417.00 30.50 0.70 567.91British Land Co PLC 579.50 -34.00 -5.54 1,704.85BT Group PLC 375.80 -8.05 -2.10 10,447.76Bunzl PLC 2063.00 -2.00 -0.10 113.27Burberry Group PLC 1113.50 -13.00 -1.15 300.01Capita PLC 913.50 -76.50 -7.73 508.60Carnival PLC 3364.50 -102.00 -2.94 104.36Centrica PLC 208.00 2.60 1.27 1,942.18Coca-Cola HBC AG 1366.00 0.00 0.00 46.52Compass Group PLC 1361.50 12.00 0.89 496.86CRH PLC 2041.00 -35.00 -1.69 138.80DCC PLC 6112.50 -70.00 -1.13 17.62Diageo PLC 1909.75 32.00 1.70 1,222.52Direct Line Insurance Group 347.25 -4.30 -1.22 570.57Dixons Carphone PLC 355.15 -15.70 -4.23 996.52easyJet PLC 1127.00 -185.00 -14.09 1,491.36Experian PLC 1323.00 -12.00 -0.90 312.84Fresnillo PLC 1475.00 89.00 6.42 359.22GKN PLC 268.05 -9.90 -3.56 1,783.51GlaxoSmithKline PLC 1484.25 2.50 0.17 1,501.69Glencore PLC 140.05 0.56 0.40 11,078.53Hammerson PLC 494.65 -18.20 -3.55 293.96Hargreaves Lansdown PLC 1117.50 -57.00 -4.85 285.59Hikma Pharmaceuticals PLC 2281.50 11.00 0.48 28.57HSBC Holdings PLC 447.32 -0.65 -0.15 11,075.35Imperial Brands PLC 3723.00 29.00 0.79 259.84Informa PLC 648.50 -0.50 -0.08 101.67InterContinental Hotels Grp 2740.00 -18.00 -0.65 165.43International Consolidated 378.15 -30.90 -7.56 3,620.86Intertek Group PLC 3198.50 2.00 0.06 46.53Intu Properties PLC 270.90 -6.40 -2.31 466.95ITV PLC 166.80 -7.50 -4.30 7,048.37Johnson Matthey PLC 2912.00 -4.00 -0.14 70.74Kingfisher PLC 328.35 -13.00 -3.81 3,449.18

CCOMPANYOMPANY PPRICERICE((PP)) CCHANGEHANGE((PP)) % C% CHGHG.. NNETET VVOLOL

COMPANY PRICE CHANGE NET / %

US dollar ....................................................................1.10737Japan yen..................................................................113.001Switzerland franc .................................................1.07767Denmark kroner ...................................................7.43755Norway kroner.....................................................9.38692

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currenciesdirect.com/mojacar Tel: +34 950 478 914

FINANCE, BUSINESS & LEGAL30 June - 6 July 2016 / Costa de AlmeriaEWN36 www.euroweeklynews.com

EWN38 FINANCE, BUSINESS & LEGAL30 June - 6 July 2016 / Costa de Almera www.euroweeklynews.com

Chancellor keeping a straight batBy John Smith

DESPITE the fact that George Os-borne had indicated before the ref-erendum that in the event thatBritain voted to leave that therewould be a need for a speedy andfairly draconian mini budget, hekept quiet until Monday, June 27when at a press conference, aimedat settling a jittery financial mar-ket, he said that the UK is ready toface the future from a position ofstrength, and let drop that therewouldnt be an emergency budgetafter all.

He did confirm that there wouldbe a need to adjust the Britisheconomy following the results buthad no intention of doing this untilsuch time as a new prime ministerwas in place, but in the meantime,he had no intention of resigning hisposition.

With regards to Britains actualdeparture from the EU, he said:Only the UK can trigger Article50. And in my judgement, weshould only do that when there is aclear view about what new arrange-ments we are seeking with our Eu-ropean neighbours.

In the meantime, during the ne-

gotiations that will follow, therewill be no change to peoples rightsto travel and work and to the wayour goods and services are traded,or to the way our economy and fi-

nancial system is regulated.It is not just the economy which

is feeling the fallout from the Brex-it vote, as the Conservative partyknows that it should elect a new

leader and prime minister by Octo-ber (the time of the next party con-ference) although some Leave cam-paigners and potential candidatessuch as Liam Fox have been call-

ing for the election to be even later.It appears that the leader of the

Leave campaign Boris Johnson,and in the eyes of many the naturalsuccessor to David Cameron, hasbeen caught somewhat wrongfooted by the vote and one of theLeave campaigners admitted thatthere was actually no plan to dealwith a withdrawal from the Union,and that was the job of the incum-bent prime minister.

On the other side of the house,Labour saw itself fall into disarrayover what many shadow ministersreferred to as a lacklustre displayfrom leader Jeremy Corbyn, andfollowing the sacking of HilaryBenn, 14 shadow ministers andaides have resigned, leaving MrCorbyn possibly facing a vote ofno confidence and in the meantimeappointing a shadow cabinet of lit-tle-known personalities.

Early trading in Asia saw a dropin the pound against the dollar of afurther 2.6 per cent and the FTSEfell by just 1 per cent, and Britainmust hope that rather than continueto sl ide, the economy and thepound will settle over the next fewdays.

STAYING PUT: David Cameron has resigned but George Osborne says he does not intend to.

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Election results steady stocksBy John Smith

WHEN the IBEX (Spanish stock market) re-acted very badly on Friday June 24 to thenews of the British vote to leave the EU, itwas considered as possibly the start of a majorslump in the Spanish financial market.

The good news however is that the resultsof the election on June 26 has seen a very pos-it ive reaction from the market, and whilstshares in other exchanges continued to fall,the IBEX gained 3 per cent upon opening.

Once again the opinion polls in Spain (as inmany other countries) proved to be unreliableas the Unidos Podemos group did not knockthe traditional left wing PSOE into third placeas predicted, but just won the same number ofseats as it did in 2015.

The PP current interim government saw anincrease in seats to 137, and it is consideredthat the instability of the markets followingthe Brexit result and fears of a drop in tourismbusiness may well have persuaded floatingvoters to look for the traditional right-wingparty to take control of government.

Once again, there is no individual party ableto form a majority government and no twoparties are even able to work together to forma workable coalition, unless the unheard ofhappens and a Grand Alliance between rightand left takes place.

Whilst it may well be that the left-wing par-

ties decide not to veto the appointment of thePP as the official government of Spain, even ifit recruits the fourth-placed Ciudadanos party(whose leader Albert Rivera has already indi-

cated that he would work with Mr Rajoy) intoa coalition, any government is going to facethe risk of being voted down over any contro-versial law it wishes to introduce.

The politics of these past two elections havenot just been about political policies but alsoabout individuals and morality. Supposedlysome of the biggest s tumbling blocks forcoalition have been over the alleged dishon-esty of certain members of the PP, a generaldislike of Mariano Rajoy, a massive differenceof opinion over a possible independence refer-endum for Catalonia and allegations of Iranianand Venezuelan involvement with Podemos.

If Mr Rajoy does cont inue in power asleader of the government then he will have toexplain at some point how he will implementEU demanded austerity measures whilst re-ducing income tax for all.

For expatriates l iving in Spain, this lastweek was one of the most important ever, andnow we will have to wait and see who goes tobed with who in both Britain and Spain, andhow the markets react.

POSSIBLE COALITION: Albert Rivera and Mariano Rajoy.

For expatriates living in Spain, this last week was

one of the most importantever, and now we will

have to wait and see whogoes to bed with who in both Britain and Spain, and how

the markets react.

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39FINANCE, BUSINESS & LEGAL EWN30 June - 6 July 2016 / Costa de Almerawww.euroweeklynews.com

By John SmithWHILST it is painful to sayanything nice about bankers,who have def ini te ly takenover from estate agents andlawyers as those profession-als we most love to hate, tosome extent it is understand-able that they should be con-sidering leaving London andthe City for pastures new.

In the same way that thedolphins said so long andthanks for all the fish in thefourth book of the Hitchhik-ers Guide to the Galaxy se-ries, so various banks, havingin many cases been rescuedby the Brit ish Governmentare now seriously consideringrelocating many of their staffto different EU cities.

Jeroen Dijsselbloem, Dutchpolitician and leader of theEurogroup of finance minis-ters has already made it clearthat by leaving the EU,Britain would limit its accessto the single market and forthe Banks who trade in euros,if they lose access to the abil-ity to passport their fundsthroughout Europe without

restriction or delay, there isl i t t le incentive for them tokeep that part of their busi-ness at least within the UK.

In theory it should be pos-sible for Britain to a