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BAD MOVE
THE proposed departure of Spanish construction conglomerate Ferrovial to the Netherlands for ‘a better business environment’ has set off a firestorm of finger pointing in Madrid. Ferrovial, which is part owner of Heathrow airport and generated almost 90% of its revenues from outside Spain last year, said it views the Netherlands as having a more stable legal framework. The infrastructure company also sees potential for lower financing costs due to the country's ‘AAA’ credit rating - as opposed to Spain’s A rating.
A government spokesperson slammed the move of Spain's
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Quick Crossword
Across: 6 Fair, 7 Slavery, 8 Van Buren, 9 Glee, 10
Sales, 11 Tribute, 13 Tenancy, 15 Build, 17 Loci, 19
Northern, 20 Academy, 21 Oats
Down: 1 Database, 2 Problematical, 3 Banner, 4
Neighbourhood, 5 Tyke, 7 Surf, 11 Toy, 12 Tolerate, 14
Convex, 16 Grey, 18 Oval