ISSUE 471
COSTA calida
29 MAR - 4 APR
SolTimes twitter find us on facebook and
EUROZONE TURMOIL current system breaks. At the time several eurozone member states including Greece, Portugal, Ireland, Spain and Cyprus were unable to repay or refinance their government debt. They were bailed out through assistance of third parties including Eurozone countries, the ECB, and the International Monetary Fund. But Spain, Italy, Greece and Portugal are racking up debts they will never be able to pay off. Spain’s Target2 liabilities are €328billion, almost 30 per cent of GDP. And Portugal’s and Greece’s liabilities are both at €72billion. The Banca d’Italia alone now owes
FUNERAL INSURANCE PLUS
Affordable Monthly Premiums ROCAMER INSURERS
a record €364billion to the ECB - 22 per cent of GDP. Simon Derrick from investment company BNY Mellon said: “Alarm bells are starting to ring again. “Our flow data is picking up serious capital flight into German safehaven assets. “It feels like the build-up to the eurozone crisis in 2011.” Fuller Treacy Money analyst David Fuller said the latest figures are a major issue. The firm publishes data on global capital markets. In a note to investors he said: “Those whom the gods wish to destroy, they first make mad, including driving them into the EU. “It will be a rude awakening for political Remainers, from the House of Lords to Scottish Nationalists. “It is hard to see how the breakup of the EU could not be disruptive, not least because it is the last outcome that many people have expected. “They bought into the concept of an EU gravy train, without questioning the flawed economics of this reckless experiment. “This will be the focus of many books and university economics courses for decades to come.
MONDAY MARKET ALL YEAR ROUND 10 – 2pm
Los Alcazares - opp Consum & Lidl
Going from south to North of the UK & back every 2 weeks, based near Murcia Airport Storage Now Available
est. SINCE 2005
t: 950 121 936 - e: sales@soltimes.com - www.soltimes.com
EURO states owe the European Central Bank (ECB) a staggering €1trillion as they teeter on the verge of bankruptcy amid warnings a debt bubble is on the horizon. Analysts condemned the “flawed economics of this reckless [EU] experiment” and said the ECB faces a rude awakening as states crumble under the burden of debt. Market conditions in Eurozone are showing signs of a return to the conditions that sparked the 2011 European debt crisis which first reared its head in 2009. The ECB uses a system called Target2 to assess levels of debt and the bank’s data appears to show it is only a matter of time before the
LWB Sprinter van
Tel: 610 846 260 0044 7519 186 355 or email:
van.man@hotmail.co.uk
find us on the a92 junction 108
as it’s good to go to wood 2 go graham - 606 156 151
paul - 661 147 689
Bespoke 7m x 6m Carport from our Collection
Wood 2 go can do any size pergola/carport kits. Our kits are inclusive of shaping, treatment, bolts etc
TANATORIO & CREMATORIO OWNERS
• Full Funeral Insurance • Medical Scheme • Accidental Death Insurance
Don’t leave your loved ones with problems in a foreign country
RESIDENCIA? NEED HEALTH INSURANCE? CALL ME
CALL KEITH for instant quote 650 461 816 Or e-mail: keith.rocamer@live.co.uk
British and International Goods Available SOMETHING FOR THE WHOLE FAMILY SO WHY NOT COME ALONG & SEE WHAT’S HERE!
3mx3m Pergola Standard Kit = from 395€ 5m x 3m Pergola/Carport Standard Kit = from 455€
OFFICE TEL - 950 614 050 SATURDAY & OUT OF HOURS CONTACT PAUL’S MOBILE WEBSITE www.wood2go.eu - email: sales@wood2go.eu
The English Funeral Director Over 25 years’ Professional Service
Funerals - Funeral Plans - Funeral Insurance
For more information, call Tony Smith on 650
631 719 (24 hours)
www.EnglishFuneralDirector.com
FOR YOUR DAILY UPDATE OF NEWS & SPORT VISIT WWW.SOLTIMES.COM OR FACEBOOK: SOL TIMES NEWSPAPER GROUP