Brussels fines Telefónica and Portugal Telecom for non-competition pact
Spanish telecoms giant to appeal 66.9-million euro penalty
Spanish telecoms giant to appeal 66.9-million euro penalty
Brussels confirms funds of 37 billion euros for four nationalized lenders NCG and Catalunya Banc to be sold or wound up within five years

“They want to destabilize me,” claims regional premier
Troika approves government’s efforts to restructure the banking sector
Date falls in Catalan election campaign and coincides with pan-European labor protest against austerity policies
Commission Vice President Joaquín Almunia warns of uncertainty impact on markets as prime minister plays waiting game
EU may wait until end of November for bank bailout

Government bids to liberalize the sector Not everyone believes market forces will produce the right changes
EU divided over whether Spanish government or just banks should receive funds

Spain to continue with Badajoz line despite Portugal abandoning Madrid-Lisbon connection Government has so far spent only nine percent of budget for project
Banks still have stockpiles of unsold properties, say experts
Protestors carried placards calling for opposition to the “Guantánamo work system”