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	<title>Tenerife News &#187; National</title>
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		<title>First Spanish bank collapse &#8211; more to follow?</title>
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		<pubDate>Mon, 30 Mar 2009 17:27:08 +0000</pubDate>
		<dc:creator>Tenerife News</dc:creator>
				<category><![CDATA[National]]></category>
		<category><![CDATA[Bank of Spain]]></category>
		<category><![CDATA[Spanish Bank collapse]]></category>
		<category><![CDATA[Spanish credit crisis]]></category>
		<category><![CDATA[Spanish Economy]]></category>

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		<description><![CDATA[The Bank of Spain (BDE) yesterday took action to remove the directors of Caja Castilla-La Mancha and appointed administrators to replace them after the bank reported &#8220;liquidity problems.&#8221; Up to 9 billion euros of the lender’s liabilities have been guaranteed by the government as part of the rescue package. The Bank of Spain said that [...]]]></description>
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		<title>Spanish mortgage fraud group busted</title>
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		<pubDate>Sun, 29 Mar 2009 16:59:51 +0000</pubDate>
		<dc:creator>Tenerife News</dc:creator>
				<category><![CDATA[National]]></category>
		<category><![CDATA[Mortgage fraud in Spain]]></category>
		<category><![CDATA[Spanish mortgages]]></category>
		<category><![CDATA[Tenerife mortgages]]></category>

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		<description><![CDATA[50 mostly Britons have been arrested by the Spanish Guardia Civil in mainland Spain and the Canary Islands. They were arrested on charges of fraud and document falsification and it is thought that more than 25 banks in Spain have been defrauded of up to 60 million €uros by the group. The false documents were [...]]]></description>
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		<title>Telefonica halves line costs for the unemployed</title>
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		<pubDate>Thu, 19 Mar 2009 16:22:00 +0000</pubDate>
		<dc:creator>Tenerife News</dc:creator>
				<category><![CDATA[National]]></category>
		<category><![CDATA[spain]]></category>
		<category><![CDATA[Telefonica]]></category>

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		<description><![CDATA[In a somewhat philanthropic move, the Spanish phone giant Telefónica has announced that the unemployed can now benefit from 6 months of Telefonica services at half price. The cuts can be applied to both fixed land lines and mobiles (Telefónica´s mobile division is Spain is Motorola.) The maximum saving is capped at 20.00€ per month [...]]]></description>
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