Monday, March 28, 2011

Brussels proposes to make changes in the transport sector

The European Commission has proposed to finish with the gasoline and diesel fuel cars. In the proposal they want to end with conventional fuels by 2050. In this way the transport sector will become more competitive and less polluting.

Siim Kallas, European Commissioner for Transport said, "We can stop depending on oil used for transportation without impairing its efficiency and mobility. "

The targets that had proposed in Brussels are these:
- Reducing in a 40% the emissions of the maritime transport.
- Obtaining the reduction of 40% on carbon dioxide of the fuels used in the aviation.
- Getting that the half of the people that uses the car for going to short distances change to the public transport.
These measures will reduce by 60% of contaminant emissions compared to 1990. In addition the European Commission wants to achieve a single European transport area by 2050.

Greenpeace said that a reduction in use of cars does not solve anything, if they do not offer solution.

Another idea of European Commission is to triplicate the size of the European network of high-speed rail by 2030. They calculated that we can reduce in a 50% the fuel consumption by 2030 and stop completely in 2050. Accordingly, it would support the use of electric cars.

The European Commission wants to promote a great improvement of roads connecting between airports and train stations. But all these reforms meant an investment of 1.5 billion euros.


Sunday, March 27, 2011

The leaders of the EU sit the base of the economic government

The bases of the architecture of the economic government of the EU remained established yesterday in the wide agreement reached by the leaders of Twenty-seven countries of the EU.
Besides monetary politics, the Union will start possessing the first instruments to elaborate an economic politics common European. The European Advice approved yesterday the instruments for this major economic governance that they are the Agreement for the Euro Bonus, the bottom of rescue (European Mechanism of Stability, MEDE), six legislative offers that reinforce the budgetary vigilance and the Agreement of Stability and Growth, and the severer accomplishment of endurance tests to the banking.
The Agreement for the Euro Bonus consists of a series of commitments that must assume the members of the Euro and other countries of the EU that voluntarily they it want to sign to stimulate the competitiveness
Such as
To promote the employment
To assure the sustainability of the public finance
And to reinforce the financial stability
The Agreement of the Euro Bonus, signed for the present time by other six countries (Poland, Denmark, Bulgaria, Romania, Lithuania and Latvia) has his origin in the German requirements to demand major efforts to the countries to improve his competitiveness and as condition of which Germany was accepting a bottom of rescue for the countries with difficulties since it has been the case of Greece and Ireland.

The European Advice passed also to create from 2013 the MEDE that foresees a bottom of 500.000 million really available and of which Germany is his principal contributor with 27,1 %.

The bottom will possess the capital spent of 80.000 millions

Six legislative dispositions approved yesterday to reinforce the economic governance, include a reform of the Agreement of Stability and Growth, reinforce the budgetary vigilance and new dispositions are established to reduce the macroeconomic imbalances.


A group Navarre manufacture electric cars in Jaén.

Diversify or die. Foundries signature Mecacontrol, Santana Motor provider and a subsidiary of Navarre Mecacontrol, has decided to bet on electric vehicles. To do this, will invest 15.2 million euros in its factory park Linares providers to produce an electric car based on the Massif SUV model that came out of the facilities of the regional government-owned company.
After the crisis of the sector and the end of the production of Santana, has chosen to diversify their production in the park Linares. So, will invest more than 15 million to adapt its facilities to two new lines of business.
The primary will be the manufacture of an electric vehicle, which has already been approved, based on the model Massif, made ​​with Iveco.Este project was announced just six months after the parent group achieved an agreement with General Motors to supply the adapter for Europe Plug Ampere and Volt models of Opel, the two versions of the electric car maker intends to market in 2012.
The second line of diversification of the firm is the deal with a French supplier companies of Renault to manufacture the housings to be used in the plant that has Sevilla.Para both lines, the Ministry of Industry has put forward a loan two million euros through Reindustrialisation Program, set in the Active Plan Jaén. Is expected to generate 211 jobs.
This project is the first move made ​​in the supplier park Santana after the announcement of the Government of Linares Plan Future, which disappears as such the group and born five projects are: a contact center, security and communication technologies,factor creating software, a plant fiber, and a maintenance center.

The boxes will be asked to cover 6,000 million recapitalization

Savings banks seek public funds to study through the Bank Restructuring Fund (FROB) for a maximum of 6,000 million euros, representing a third of the capital needs of a total of EUR 15.157 million identified by the Bank of Spain, according to financial sources. The boxes do not meet the new solvency requirements set by the Government must be submitted by Monday, March 28, the Bank of Spain for its recapitalization plan, which must specify its strategy to achieve the level of capital required, 8% for listed companies and 10% for the rest.

The central bank will review the plans until 14 April. The states with capital needs have analyzed all the ways to strengthen its solvency by its own means and recourse to public funds as little as possible, so that in recent weeks there have been approaches in the face of new mergers and reviewed the entry of private investors in the capital. The initial reluctance of banks to use public funds, involving the nationalization of the company and was seen by some as an admission of its inability, has been waning as patents have been low market valuations.

Friday, March 25, 2011

Industrial prices rose by 0.8% in February 2011 in the Basque Country

Industrial prices in the Basque Country rose by 0.8% in February 2011 compared to the previous month, according to EUSTAT data. The year-on-year rate for February, which indicates the fluctuation in industrial prices over the last twelve months, therefore showed growth to be 5.0%.

A more detailed sectorial analysis shows that the most inflationary branches in February 2011, with respect to the previous month, included "Coke Plants and Oil Refining" (3.9%), "Electricity, Gas and Steam" (1.9%), "Food, Beverages and Tobacco" (1.6%) and "Extraction Industries (1.1%). On the other hand, the sectors that post decreases in their prices were Computer and Electronic Products (-2.3%), Electrical Equipment and Material (-0.6%), Rubber and Plastic (-0.3%) and Timber, Paper & Graphic Arts (-0.1%).

During the year-on-year period, February 2011 on February 2010, the highest price rises were recorded by Coke Plants & Oil Refining" (24.4%) Electricity, Gas & Steam (23.6%), Metallurgy (10.1%) and Food, Beverages & Tobacco (8.3%). On the other hand, prices fell in "Extraction Industries" (-6.7%) and "Pharmaceutical Products" (-1.0%).

According to the Classification of Goods by Economic Destination, the February price evolution of large sectorial groups was as follows. the price of Energy rose by 3.4%, Intermediary Goods were up by 0.5% and the prices of Capital Goods increased by 0.1%. The prices of Consumer Goods overall remained steady (0.0%), as the result of the slight increase in Durables (0.5%), as Non-Durables remained stable with respect to the previous month (0.0%).

The price evolution of these large groups of goods also increased in all cases over the year-on-year period. Energy prices increased by 24.1%, Intermediate Goods by 8.7%, Capital Goods were up 1.8% and Consumer Goods registered a 2.8% increase. Among the latter, the prices of Non-Durables rose 3.6% while Durables were up by 0.7%.
By Mónica

Monday, March 21, 2011

The Stock Exchange is positive

The main indicator of the Spanish market, the Ibex 35 index, rose 1.24% in the first minutes of a session in which investors viewed with some relief the developments in Japan, where ever farther from the possibility of a nuclear crisis, and Libya. At 09.10 hours the Spanish selective recovered 129.60 points and stood at 10,458 units, while the General Index of the Bolsa de Madrid, with all its sectors in positive, advanced 1.25%. The benefit accrued from earlier this year by the Ibex 35 reached 6.05%.
No references Nikkei in Tokyo, where today was a holiday, investors continue to monitor the evolution of the nuclear crisis in Japan and the Allied advances in aviation in Libya. Until Friday not know the relevant reference week, the third estimate of U.S. GDP, a day before EU leaders inaugurate a summit in Brussels will deepen and concretize the agreements made two weeks ago.
Spain faces quiet morning with the issuance of debt last quarter, letters to three and six months, one day before its annual results this Inditex.
Major European stock markets began the week with increases of 1.47% in Paris and 0.85% in Milan, after Wall Street closed Friday with progress, the last day of a tense weeks of the year.
Within the Spanish selective OHL achieved the highest rise of 1.82%, and as for the great values ​​of the market, Telefonica is revalued 1.73%, Santander, 1.39%, BBVA, 1.7% , Iberdrola, 1.10%, Repsol, 1.14%, and Inditex, 0.93%.
The rising euro opened today in Frankfurt foreign exchange market and was trading at $ 1.4166 compared with 1.4139 the previous day, while a barrel of Brent crude traded at $ 115.72, 1, More than $ 79 at Friday's close.

Sunday, March 20, 2011

Unemployment up 1.6% in the Basque Country in February

The number of people registered as out of work and seeking employment by the public employment service of the Basque Country rose by 2,238 during February (a rise of 1.63% compared to January 2011) putting the total number of unemployed at 145,456.

Compared to the previous year, 8,313 more people were registered unemployed in February, 6.06 % more, according to figures released by the Ministry for Work and Immigration.

With regard to the three provinces of the Basque Country, Biscay registered the greatest increase in unemployment with a rise of 1,573 jobless, taking the total number to 81,303. The number of jobless in Gipuzkoa rose by 434, taking the total to 41,906, while Alava ended the year with 22,247 people out of work, a rise of 331 in February.

In Navarre, the number of people out of work rose by 716 in February, 1.59% up on January taking the total number of jobless up to 45,886 according to Ministry figures.

State-wide figures

Spain says the number of people filing for unemployment benefits rose last month to a new record as the country struggles to overcome recession. The Labor Ministry said Wednesday that those filing claims increased by 68,260 in February to just under 4.3 million.

Spain's actual unemployment rate is released separately every quarter and now stands at a eurozone high of just over 20 percent, with nearly 4.7 million jobseekers out of work. That's different from the claims number because many people's jobless benefits have run out.

Deputy Labor Minister Mari Luz Rodriguez said Wednesday's figure was not good news, but stressed the increase was smaller than those posted in February of 2010 and 2009.



CCOO and UGT convened from tomorrow partial strikes in telemarketing companies to force the negotiation.

CCOO and UGT have called stoppages partial telemarketing companies, which employs about 6,000 people in Castilla y León, in order to force the collective bargaining agreement, which expired in late 2009.Union representation has prepared a program stops 15 minutes in each of the three shifts on Mondays and Wednesdays from March 21.
The proposal by the employer, that has not been moved or mediated by the state labor relations service (SIMA) was to make the representation of employees agree to change terms of the agreement that made it difficult trying despido.De so that all and female employees may be dismissed with the minimum compensation of 20 days referred to in the recent labor reform. The platform presented by CC.OO. tried to keep the current working conditions and to ensure wage revision clause ensuring purchasing power of some workers who come to have wages of 800 euros per month.
The union has had to go to court once and for companies to recognize the increase of 2.2 percent agreed in the agreement for 2009. Since then the meager wages of workers has not moved since the ACCE employer refuses a reasonable negotiation.CCOO union representation denies the reasons argued by the employer to keep improving the working conditions of workers by pointing out the culpability of the companies that hire telemarketing services, like banking, insurance, government, energy and telecommunications companies. According to the employer, the tough trading conditions with which contract their services entail losses prevent them from improving the collective agreement, which denied the workers' representatives, said Committees.

Ion Ander

The merger of the Basque savings banks has become an impasse

The economic outlook is in full swing. It is a process of conversion of Spanish savings banks. While Basque banks still have not reached an agreement. The merger of BBK, Caja Vital and Kutxa has entered a phase of impasse. After having the possibility of full integration, trading has been cooled without clarification. Although the 3 entities will soon have to choose the way to gain size and become more competitive.

While the rest of Spanish savings banks are moving at high speed due to the decree of recapitalization of financial institutions. Basque institutions have leading positions in credit. But they have not finished the process of merging.

It is the third attempt at integration that result swamped. Basque banks can not afford to sit back, because other banks are being strengthened.

At the moment nothing is known. In the coming weeks should reach a conclusion. Otherwise the negotiations could last until June. Although political representatives want an answer immediately. Socialists understand that the merger can not wait any more, because the financial market "is a tsunami that moves and / or you take size, muscle size, or if not, you're lost." They also say that if Kutxa continues blocking the merger of three, will become a fusion of two.

But if the process is too long, BBK has already warned he will not resign to resort to more purchases to gain size, a move that definitely dynamite the merger of three, as Kutxa have the same right to do the same.


Friday, March 18, 2011

Support Japan

With this post in the blog, we want to send you from Donosti all of our support to the people that have been affected, by the natural disaster that have happened in Japan.

We send you the most sincerely condolences to all families that have lost their loved ones,we hope that this will be solved as soon as posible.

We are with all of you!!!

By:Cynthia Alfaro, Saios Aranburu, Iñaki Benavente,Susana Espilla,Borja Etxeberria, Jone Etxebeste, Mari jose Gonzalez, Ion Ander Gonzalez,Monica Mendez, Mari Carmen Moreiro and Sonia Santos.

Sunday, March 13, 2011


This is the man who Galliano sent to the galleys. Passionate about the bulls, the president of Dior, of Sephardic origin, feels 'the master' of luxury.

The Dior catwalk again be occupied. With John Galliano held at a clinic in the Arizona desert, where he tries to combat his alcoholism and other addictions, Sidney Toledano has taken over the designer. The president of the 'maison' moved last week a strong message to the fashion industry to make it clear who is boss in this business and cut the eccentricities of the estate workers, by 'cool' they are. Nonsense, the fair. "Everyone who comes to Dior must have the humility to see how the shops and the catwalk," he warned. Accustomed to the circus productions of Gibraltar, the mathematician of Sephardic origin was postulated as the king of the track.
The weight of Dior, a brand that threatened to ruin the mid-eighties, in the fabric of LVMH is tremendous. Gallic group raced last year the crisis with a turnover of 20,000 million euros and a profit of 3,000 million. The 'big boss' has a lot to do with the recent conquest of the Chinese market. "My eyes are detectors of all that can go wrong," he stresses. Since taking the reins in 1998, is determined to "protect culture" and how "unique" in that Dior - "a religion in which you have to believe" - ​​should be presented to the world
When Bernard Arnault, owner of the biggest global luxury group, laid eyes on him, ran the company Toledano Lancel bags. Its first task was precisely to develop the area for bags, gear essential for the most exclusive brands. "With these cuts there are not problems of size. Are less subject to fashion than clothes or shoes and are cheaper than a dress, "he argues.
Born in Casablanca and the son of a Moroccan who was allied to the Spanish Republican side, Toledano nailed with its strategy of manufacturing all the products of the legendary French house and stop licensing
The secret of his character is funny in its origins, he has been dancing flamenco with Galliano. Without naming the Moroccan executive dismissed the significance of this loss and said that the greatness and "Dior heart lies in 'les petites mains'' this army of anonymous workers' white coats' away from the spotlight and made ​​by craftsmen and seamstresses.
It is true that even the "intolerable" racist incident, the relationship was almost idyllic. Shared "a Spanish mentality," his passion for bullfighting - "sometimes visualize the bullfighters and I think I've been brought up well" - and his desire to "fight." A Toledano, who likes to go to the Bernabeu to watch Real Madrid matches, it passes through Spain, he drooled increasingly coming parades. Last night he sat in the studio to watch Galliano. I had the feeling of facing a "filmmaker or a painter." An artist, in his opinion, "very professional, shy but not arrogant" and a "single eye" that allows you to see beauty where others see nothing. "Dior is the sun ', finished last summer.
They were "perfect match" and had found a "'feeling'" that "do not learn in Cambridge or Harvard," admits the president, life taught him to "look." With only 18 arrived in France and began to set in Paris, which allowed him to develop a greater sensitivity to fashion. Why did not hesitate to dispense with Galliano. "When everything goes wrong, I'm more optimistic than anyone. After the blue sky, dark clouds coming, "prophesies. When they arrive, "I'll be ready." Because something is 'the master' of Dior. Luxury


Zapatero is going to adjust wages to productivity

President requires a flexible bailout fund for countries with debt problems.
José Luis Rodríguez Zapatero, has sent a letter to the permanent European Council president, Herman Van Rompuy ,that is accepting adjust wages to productivity, one of the measures contained in the Covenant adopted by the Euro on Friday that the eurozone leaders at the request of Germany.
That implies to have more attention for the labor market. If they align salaries and productivity, is going to increase the employment and the training of the workforce.
Zapatero claims that opening up protected sectors is very important. He believes in the liberalization of sectors linked to the overall economy: professional services, energy or the digital economy.
It also asks the Commission a greater effort in evaluating the reforms that each country of the Covenant.
The Moncloa sources have insisted that the wage adjustment is the responsibility of the bilateral negotiations between employers and unions, which have until March 19 to reach agreement.
The Euro pact obliges Zapatero and other leaders of the eurozone to announce new measures to improve competitiveness in the March 24 summit.
The Government could undertake to carry out some reforms. Although no negotiations have been completed taking into account the reform of collective bargaining and employment policies.
During the summit of the eurozone to be held this Friday, Zapatero defended facilitate flexible bailout fund for countries in debt and strengthen its financial capacity.


Friday, March 11, 2011

All financial institutions are eligible Basque capital

There were no surprises. As expected, the Basque financial institutions meet the capital requirements set by the central government, so they will not have to resort to raising funds for any of the routes covered by the Royal Decree of Recapitalization recently approved by the Executive.
The Bank of Spain announced yesterday the list of banks and banks have to strengthen their capital to achieve the expected ratio. A list that had raised much expectation, although in the case of the Basque Country left well enough alone. That is, Kutxa, BBK Caja Vital and not have to be recapitalized. Nor should it Iparkutxa Caja Laboral, BBVA, Banco Guipuzcoano Bankoa and integrated in Sabadell.
For Kutxa and BBK, the requirement is 10% to not be listed and relying more than 20% to wholesale markets. However, Caja Vital will set a ratio of 8%, precisely because he justified the wholesale market leverage of 18.18%. However, as explained yesterday the entity Alava, the box comfortably exceeded this requirement, since the Bank of Spain assigned a principal of 810 million, representing a ratio of 13.13% over risk-weighted assets.
A Kutxa, the supervising agency recognized a starting capital of 1,976 million and BBK, which will include the purchase of Cajasur of 3.604 million. Neither did the public entities that throws the capital ratio, as the Bank of Spain merely states that meet the required 10%.

Thursday, March 10, 2011

Moody's lowers a step the note of the Spanish economy

The agency of measurement of risks Moody's has reduced today the qualification of the sovereign Spanish debt of Aa1 to Aa2, with negative perspective.
The agency makes clear that the costs of the restructuring of the financial system will be major of the foreseen for the Government and will provoke an increase of the deficit. It indicates besides the fact that the Government has a control limited on the autonomous communities.

The cut of the note has had an immediate impact on the markets, both of debt and of variable revenue in that the values are present with the brand Spain, and has reactivated the punishment against the titles of the Exchequer.

In I make concrete, Moody's, one of three agencies that dominate this business close to S&P or Fitch, he thinks that the eventual cost of the bank restructuring, which would be about 40.000 or 50.000 millions, might exceed the current estimations of the Government and lead to a major increase of the percentage of national debt. In case of taking place a context of " great stress ", indicates Moody's, this quantity might reach 120.000 million Euros.

The FROB, also to the fall

Likewise, Moody's has reduced today the qualification of the Fund of Tidy Bank Restructuring (FROB) of Aa1 to Aa2 also with negative perspective, provided that the liquidity of this bottom depends entirely on the Spanish State.
The obligations and the Spanish warehouses are not affected, it continues the note, for the reduction applied today, and supports Aaa's note, higher that applies Moody's, and on line with the joint qualification of the zone of the Euro.

María José González

Wednesday, March 9, 2011

Basque utilityIberdrola initiates negotiations for merger with Renovables subsidiary

The Board of Directors of Basque utility Iberdrola, meeting on Tuesday in Madrid, agreed a proposal to the Board of Iberdrola Renovables which met in the afternoon in Valencia, to initiate negotiations for a merger by absorption of the renewables subsidiary by the parent.
Iberdrola has proposed an operation equivalent to 0.499 of its own shares for each Iberdrola Renovables share, valuing the subsidiary at 2.978 euro per share or a 16.7% premium over its average share price for the last six months.
The operation will involve Iberdrola voting in favour of the distribution of an extraordinary dividend to be proposed by the Board of the subsidiary at a shareholders meeting, provided the amount is equivalent to 40% of the stated share value of €2.978.
In the event of the dividend obtaining approval, the exchange ratio would be modified to 0.299 IberdroLA shares per subsidiary share. For this purpose, the parent company would raise capital by 246.6 million shares.
The merger by absorption proposed today by Iberdrola improves the ratio at the time of the original Iberdrola Renovables share offer in December 2007, with a premium of 2.7%, and will give existing IBR minority shareholders access to a solid stock with high liquidty and attractive dividend yield.
Through the proposed transaction, Iberdrola seeks to extract value from Iberdrola Renovables that has not been reflected in its share price since the flotation, with its continuing development as an independent business unit headquartered in Valencia. The transaction closing, following approval by the respective Annual Shareholders Meetings, is expected in July.
The world's leading wind power company Iberdrola Renovables has a presence in 23 countries and is world leader in its sector, both in installed capacity with more than 12,530 MW operational at the end of 2010, and also in production with more than 25,400 million kWh last year. The company has a market capitalization of 11,435 million euro at the close yesterday's close. Last year it obtained Ebitda of 1,456 million and net earnings of 360 million euro.

By Mónica

Sunday, March 6, 2011

Dresser-Rand buys the Basque company Guascor

The North American company has acquired 100 % of the Basque group Guascor, dedicated to the supply and exploitation of equipments and energetic and shipping facilities, in an operation of approximately 500 million Euros.

With this operation, Basque Country loses the control on one of his principal industrial companies. Guascor is between 50 principal Basque signatures for volume of turnover, with a few annual sales that they overcome the 300 milones of Euros, an important volume but to many distance of his buyer, who deposited last year 1.425 millions of Euros.

Dresser-Rand dedicated to the development and manufacture of capital goods for the sectors of the gas, oil, petrochemical and industry, possess in his board of directors the president of Guascor, Joseba Grajales.
Once incorporated into the new group, Guascor will turn into the World Center of Excellence into the area of sustainable solutions into the sectors of environment and new energies of Dresser-Rand with the current management team.

This strategic operation, according to Guascor, strengthens his managerial project and makes possible an intense and increasing internationalization and penetration new markets. In addition, it will facilitate the development of new products and services and the integration in an extensive commercial network, of technological centers and units of research and development. With presence in more than 140 countries in five continents. The impact of this operation in Basque Country will be translated, at once, in an increase of Dresser-Rand's manufacturing activities, with repercussion in the network of suppliers and the managerial fabric of the country, as has announced the Basque company.

On the other hand the heads of Guascor and Dresser-Rand claimed that there is no risk of relocation of factories that the group has in the Basque Country

María José González

The precious 666 Fifth Avenue

Zara is reinforced in New York, and his last real estate transaction in the city of skyscrapers is more than the mere signing of a purchase agreement for comercial space.
The figures used in these two operations gives dimension to real estate is at stake. Zara announced in Friday that it paid $324 million to buy the space occupied by the shop American Basketball League in the corner of 52 street, where tourist come looking for shirts of Pau Gasol and other NBA stars. That makes Zara a protagonist in one of the largest real estate transactions in the history of New York, if the calculation is what you pay for every meter of the 3.600 that will have the local. The location could not be better, located a few meters from the MOMA, St. Patrik's Cathedral, Rockfeller and the full prestige stores such as Tiffany, Bulgari, Cartier and Bergdorf. But Uniqlo is ahead. Japanese tycoon mark Tadashi YAnai recently closed less than a year an agreement to rent in the same building on the corner of the 53 avenue, that occupies the equivalent space of the NBA, Abercrombie, and H&M together. That, in numbers is equivalent to 8.350 meters square, for which paid $300 million to rent 15 meter squares. The rent in this area is around $125 a square foot, or about $1.340 per square meter. But with the mass of tourists stills come to Manhattan, will take time to begin to recover the money.

Wednesday, March 2, 2011

Galliano for Dior glares at her "I love Hitler"

"People like you should be dead. Your mother, father, all in the gas chamber"

These are the words that have made the fashion house Christian Dior is living a conjunctural moment, John Galliano, the star of the fashion world, is facing legal charges and is outside the firm.

The avalanche of comments were swift, as is the case with Natalie Portman who is Jewish and strongly criticized the designer, stating: "I am deeply shocked and upset by the video of the comments of John Galliano", to which he added did not want be connected in any way with the designer, why to wait to know the course that will take the advertising contract of the celebrated Oscar winner with the firm, as the image of Dior Cherie.

Outside the costs of lawyers who can bring the popular disgust with this unfortunate incident will affect economically to the brand and the bad publicity that results in sales of the collection is coming, says specialist in fashion, Fashion Director of Radicals, Catherine Villota, but in speaking of the fashion house concludes that "it is not viable to be destroyed by the incident.'s legacy is very powerful Dior and Galliano before".

For its part, Izi Grinberg, a respected member of the Jewish community says the fact that "The House of Dior should not wash their hands now, it's amazing that such a prestigious brand director was unaware of the profile of Fashion. The world does not need be given the title 'genius' to anyone who admires Hitler. "
Although it is a difficult case of mixed feelings where passion for fashion as a means of expression is embodied in a controversial character and confronts the absolute rejection of anti-Semitism in any form of expression, only one question remains to be done, could it be that the Galliano reputation can be saved thanks to his contribution to the world of fashion and glamor, exempting the social rejection?, so only time will tell us.


The price of green peppers, apples and beans rises in February

Winter frosts have caused the price of green peppers has raised 12.30% in February. According to the relationship that manufactures each month the Ministry of Industry, Tourism and Trade, green beans and apples have also risen by 2.5%. Despite these results, farmers and ranchers grouped into COAG report that prices in the area have fallen by 11% on average, but the profit margins of food have increased by 19% YoY. Reveal that the amount is multiplied by 4.35 in the journey from the farm to the table. The price of citrus and fresh fish fell last month. Oranges and lemons are in season, and that meant that the amount has decreased by 5.8% and 4.96%, respectively. They have also recorded reductions in the cost of hake (-5.20%), whiting (-4.32%) and whiting (-4.15%). Of course, the 'bubble' of lemons seems to have finally exploded after falling 7.91%. Colpisa