Daily Archives: June 25, 2012

The Government published the draft Digital Agenda

Secretary of State for Telecommunications (Valencia: 61.VA – news) and the Information Society, Victor Calvo-Sotelo, Santander announced today that his department made public within weeks the draft Digital Agenda Spanish is in full production.

The aim, as explained, aligning with the European Digital Agenda under the 2020 strategy, which provides high-speed coverage to 30 megs for all European citizens “only be achieved using all available technologies so complementary, “he opined.

Calvo-Sotelo made the announcement at the opening of a meeting on telecommunications at the International University Menéndez Pelayo (UIMP), which was attended by the CEO of Hispasat, Carlos Espinós, and CEO of ESA, Jean Jacques Dordain.

In his speech, Secretary of State explained that last Friday the group of high-level working with the Ministry of Industry gave its report strategic situation, after which in the coming weeks the department will make public comments on draft Agenda Spanish Digital.

Calvo-Sotelo has said that it is intended structuring government initiatives in telecommunications, information society and eGovernment.

In addition, stressed that reducing the digital divide “is a priority” executive initiative and stressed the “pioneer” from Spanish to January 1, 2012 all the Spanish are entitled to a basic access rate of one mega as universal service.

Secretary of State also highlighted the important role he is called to play the satellite in the development of information society in Spain, given the demographic range and the terrain “diverse and capricious” in the country.

He asserted that the Government shares the “faith in fundamental role of telecommunications in emerging from the crisis and improve the competitiveness of enterprises” and valued the contribution of ESA to the development in Spain of a space industry in telecommunications ” modern and competitive, “a collaboration that trust is maintained in the future.

“I trust that, despite the economic difficulties of Europe, we can go together,” added Calvo-Sotelo, who has stressed the message of optimism for Dordain moved to address the current difficulties.

For its part, has stressed Espinós the role of the satellite as a “key element” to break the digital divide and has indicated that it is a “clear track” to achieve telecommunications coverage in disadvantaged areas.

In this regard, the Secretary of State has noted the “difficulty” of achieving the 30 megs of universal service to all citizens as stated in the European Digital Agenda and stated that this objective “can only be achieved using all available technologies in a complementary “.

Orbital & Hispasat and sign the construction of two new satellites Amazon

Hispasat and Orbital Sciences Corporation today signed the contract for the construction of two new satellites, the Amazon Amazon 4A and 4B, which is scheduled for 2014 and 2015, respectively, and amplify the power of the Spanish company in the Americas.

This was announced today the CEO of Hispasat, Carlos Espinós, in a press conference with the Executive Vice President of Orbital Sciences Corporation, Mike Larkin, at the International University Menéndez Pelayo (UIMP) of Santander, which celebrates the fifth edition of space telecommunications meeting sponsored by the Spanish company.

Espinós noted that these satellites Amazon 4A and 4B Amazon will be in the 61 º West orbital position and stressed that, with its launch Hispasat respond to the “growing demand” for satellite capacity that occurs in Latin America, mainly for platforms satellite TV.

The satellites will be built on a platform GeoStar. The Amazon 4A carry a payload of 24 Ku-band transponders with coverage for South America from Venezuela and Colombia to southern Argentina and Chile, with a performance of 46 to 48.5 dBW in throughout the mainland.

As indicated Espinós, Amazon 4B have more power, but its design will be determined later, “depending on the capabilities of the market.”

Executive Vice President of Orbital Sciences Corporation has emphasized the satisfaction of this company have Hispasat as a new customer of satellite GeoStar line.

EU prepares for the oil embargo and threatens Iran with more sanctions

The European Union (EU) has made it clear today that the July 1 start an embargo on Iranian oil exports, as covenanted for months, and warned that they could get new sanctions if no progress in the dialogue on the nuclear dossier.

“We will intensify the sanctions in the coming months if no progress,” said the British Foreign Secretary William Hague, on arrival at a meeting of the Twenty in Luxembourg.

Hague has complained that for now, and despite the “efforts” in Europe, there has been “successful negotiations” between Iran and the international Group 5 +1 (United Kingdom, China, France, Russia, USA and Germany).

For the British representative, “it’s not too late for Iran provides a more promising supply (international community), but have not done before.”

Tehran and the 5 +1, represented by the head of European diplomacy, Catherine Ashton, last week closed a new round of dialogue in Moscow without significant progress.

The two sides agreed to hold another meeting at expert level on 3 July in Istanbul.

According to Ashton, “negotiations are not stagnant, but to be sure we can work together again, it is important to look at the technical aspects. There are matters that have to do in detail.”

“We will try to reduce the enormous gap that exists right now,” said the High Representative told reporters.

Belgian Foreign Minister, Didier Reynders, is confident that this new workshop show if possible return to Iran meet at political level.

Meanwhile, Twenty will go ahead with the embargo on exports of oil products which they agreed last January and whose entry into force is planned for July 1, as confirmed Ashton.

“Sanctions should apply from 1 July firmly,” stated the French foreign minister, Laurent Fabius, who has insisted that Iran “must change their attitude.”

Hague also stressed the importance of the measure, while the Minister of Luxembourg, Jean Asselborn, has argued that the embargo will help the regime feels “alone, isolated.”

The Government formally requested “financial assistance” for banking

The Economy Minister Luis de Guindos, sent to President of the Eurogroup, Jean-Claude Junker, the letter requests on behalf of the Government “financial assistance” for banks with capital needs, sources with the Ministry.

The Government thus complies with the procedures established for eligibility for the credit line made available to the Spanish banking the Eurogroup on June 9 amounting to 100,000 million euros.

The letter contains a formal request for help, but gives no details on credit conditions, which must be negotiated with the Eurogroup, and the figure will be requested, and will depend on studies that have been commissioned to independent firms, and will be completed in September.

“I have the honor of addressing you on behalf of the Government of Spain to formally request financial assistance for the recapitalization of the Spanish financial institutions that require it,” said Minister De Guindos in the letter sent to Juncker.

The letter also states that “This financial assistance is part of the terms of financial support for the recapitalization of financial institutions.”

The money will come good of the European Financial Stability Fund (EFSF), which is temporary or European Stability Mechanism (MEDE), which will take effect next month and likely to be permanent.

The choice of background is important, especially because the money borrowed from the second instrument has the character of senior debt, ie, payment shall be given preference over other creditors.

This does not like investors, which explains, according to experts, the increase in the risk premium of Spanish debt the past two weeks.

The letter refers to this negotiation and indicates that “the choice of the particular instrument in which this aid materialize, will consider the various options available today and those that can decide in the future.”

The Spanish Government has been negotiating for weeks that aid to the recapitalization of banks was received directly by financial institutions, bypassing the state, which was opposed by several countries, led by Germany.

Therefore, the European aid is channeled through the Bank Restructuring Fund (FROB), publicly owned, and that will be responsible for injection into the banks, either through capital or by loans at a higher interest rate to 8 percent.

Once applied for aid, is now opened an intense process of negotiation of the conditions and terms of aid, which must be completed by the Eurogroup meeting of July 9, which will be signed with the government a “Memorandum of Understanding “.

The Government, however, has already begun to make its calculations about loan terms, he believes will move on parameters similar to those of other countries.

Spain will seek a term to repay the European aid

Spain look in negotiations with its European partners that help to recapitalize the bank has a repayment period as long as possible and a low interest rate, said today the Foreign Minister, Jose Manuel Garcia-Margallo.

“The important thing for us is repayment terms and interest rates. If you get a long repayment period and a low interest rate, the operation will be much more favorable,” said Garcia-Margallo on arrival at a meeting of holders of Affairs of the European Union (EU).

Spain starts today, with the formal request of the loan, the official discussions with Europe to define the terms of credit used to recapitalize troubled banks.

The minister recalled that this step is a mere “formality” and stressed that the priority for the Government is in the “negotiation of contract terms and, in particular, repayment terms and interest rates.

“What is at issue now are the maturity periods for repayment, and interest rates to pay, like any family that borrows money in a bank,” he said.

Asked by the Spanish aspirations, Garcia-Margallo said that within 30 years seems “utopian moment”.

Last Friday, Minister of Economy, Luis de Guindos, said he hopes the loan move in parameters similar to those of other countries and therefore have a long term of 15 years including a grace period between 5 and 10 years and an interest rate between 3 and 4 percent.

Moreover, García-Margallo said the possibility that aid is made directly to the bank, bypassing the state, “still open”.

“That issue was raised in Rome between the four European leaders and has not yet reached a solution,” he said, referring to last Friday’s meeting between the leaders of Spain, France, Italy and Germany.

This road is not listed as an option in the rules of the European rescue fund, but has been defended by institutions like the European Commission (EC) and the International Monetary Fund (IMF).

Eurovegas executives come today to Barcelona in a crucial meeting with the Govern

Executives of Las Vegas Sands Corporation, the company plans to build the leisure and gaming macrocomplex Eurovegas in Barcelona or Madrid, will meet today with representatives of the Catalan government, the end of the process of choosing the host city for the project.

This appointment comes with controversy, especially after the Initiative for Catalonia-Greens announced that it received with banner “Eurovegas no” and “Adelson go home”, hanging on the highway, executives of Las Vegas Sands Corporation moving to Barcelona in the process of choosing the host city for the leisure complex, as Madrid is also a candidate.

The president of the Generalitat, Artur Mas, and challenged from New York to ICV to go with their banners against Eurovegas to labor offices to say to the unemployed who do not want investment in Catalonia.

Sources of Las Vegas Sands have pointed that is not envisaged that the mogul Sheldon Adelson, owner of the company, travel to Spain, although it will, predictably, his right hand and general manager multinational, Michael Leven, along with other senior-level managers of the corporation, for tomorrow will meet with representatives of the Community of Madrid.

The U.S. delegation hold a meeting today with representatives of the Catalan government, to be held, once again, in a context of maximum discretion, to prevent possible protests against this project, which eventually relocated to Catalonia, would be located on land of Delta of the Llobregat, between the towns of El Prat, Sant Boi, Cornellà Viladecans.

This time, however, it is expected that the Catalan government spokesman and secretary general of the presidency, Francesc Homs, report this afternoon at a press conference in the Government of the outcome of the meeting, two hours after executives Las Vegas Sands Corporation to do the same in a hotel in Barcelona.

Last February, the Catalan president, Artur Mas, the Minister of Economy, Andreu Mas-Colell, and the head of Planning and Sustainability, Lluís Recoder, met at the Palau de la Generalitat Sheldon Adelson to try to convince you that lift your project in Catalonia Eurovegas.

It is envisaged that the expected decision of the host city for the complex will be announced “sometime this summer,” once multinational makers have carefully considered the options offered by the two candidate cities.

In fact, managers of Las Vegas Sands will travel to Madrid tomorrow to meet with the president of the Community, Esperanza Aguirre, and other members of his administration.