Bernard Madoff agents in Spain to be investigated.
The anti-Corruption prosecutor is to investigate who sold funds organised by the disgraced New York broker, Bernard Madoff, in Spain. The prosecutor wants to establish if the agents acting here took an active part in the fraud which has been carried out, and it means that the Optimal and Banif funds from Santander will be under inspection along with all those who distributed the funds.
The Government is to approve, in the regular Friday cabinet meeting today, the increases in the minimum wage and pensions. Both will increase next year by the inflation rate last November, that’s to say 2.4%. That takes the minimum wage to 621 € a month.
The Prime Minister is expected to use the occasion of the last meeting of the year, to review the past 12 months.
Sales in small businesses in Spain fell by 9.6% in November compared to last year at the same time. The numbers come from the National Statistic Institute, INE, and show the slowdown affected all areas of the economy including foodstuffs. The slowdown has seen more unemployment in the small shopkeepers sector.
The new General Secretary of the Comisiones Obreros union has said that a general strike will not be called for now given the current rate of unemployment. Ignacio Fernández Toxo said that social dialogue was better from a position of dialogue and not from one of confrontation.
He told Punto Radio however that the CCOO union would be ‘very present’ and support the people who find themselves in difficulty in the current economic crisis.
However he said that strike action would be considered if more redundancies are threatened.
The Ministry of Employment has meanwhile accepted the application from Ford españa to temporarily lay off workers. They have granted permission for 4,577 workers to be affected, some 600 fewer than requested by Ford.
Workers will get 80% of their wages for the time they are laid off.
Nozar and the Reyal Urbis companies have informed the National Commission for Market Values that they have reached the principles of an agreement for the sale of Colonial shares which was first agreed more than a year ago.
The real estate company chaired by Rafael Santmaría, Nozar says it will receive more than 70.4 million € from Reyal Urbis for the deal before the end of March.