SOUTH EDITION - OCTOBER 2010 Issue 144 October 2010 www.thetraderonline.es • Tel 902733622 1 IInlandnland & CCoastaloastal FFREEREE / GGRATISRATIS rader Authorised Dealer CCombinedombined rreadershipeadership ooff ooverver 335OOO5OOO Tel 902733633 T wwww.thetraderonline.es w w . t h e t r a d e r o n l i n e . e s SSOUTHOUTH EDITIONEDITION OCTOBEROCTOBER 22010010 Train Travel with Paul Little... ¨London to Spain in a Spanish Property with Mark Paddon Surveyor...‘man day is possible. It has cost me a little over £100 and been on the ground’ assessment for the end of 2010, based on fun to do. p.10 real sales and real buyer /vendor trends. p.16 Criminal Code Valencian reform could government Reduce jail terms REFORMS to Spain’s Criminal Code is likely to see around 3,000 prison sentences re- to freeze viewed in the Valencia region alone. AAshsh ccloudloud ccostsosts ValenciaValencia airportairport The new law, which comes into effect on taxes in 2011 December 23, will see maximum and mini- a quarterquarter ofof a millionmillion euroseuros THE Valencian regional government has an- mum sentences altered for certain offences nounced it will freeze taxes in 2011, which including drug-traffi cking, property corrup- will mean savings of 48 million euros for the tion cases, selling pirate goods, and crimes VALENCIA airport suffered 29,700 passengers due to on a fl ight after airline au- general public. relating to road safety. losses reaching nearly a fl y to and from the Manises thorities declared the atmos- Income tax rebates of the past two years Where the reformed Criminal Code means quarter of a million euros terminal were stranded or phere safe for fl ying. will be maintained, and duties on transfer prisoners would be worse off and have to when fl ights were cancelled delayed indefi nitely. It meant that the volcanic ash of assets and sale and purchases of prop- serve longer sentences, their jail terms will across Europe due to the Ice- Those going away on holiday cost Manises airport alone erty will remain at the same fi gure. not be altered. landic volcanic ash cloud. mainly ended up cancelling some 248,000 euros in the The regional government estimates that in But those prisoners who will benefi t from When the Eyjäfjälljøkull vol- their trips, whilst those wait- month between April 15 and 2011, a further 18,000 people in the Comu- the reform will have their sentences adjust- cano, just south of Rejkja- ing to return home had to May 17. nidad Valenciana will be out of a job. ed downwards accordingly. vik, erupted in April, some wait until there was a space It is working on a ‘productive investment’ Most of those who are affected by the Crim- programme for individual towns in order to inal Code reform will be those who have help create more employment. committed traffi c offences such as drunk- Naked pillion rider gets 6 months The rise in electricity rates cannot be con- driving. Until now, serious offences would A MAN who attacked the accused – iden- insulted them, tell- A judge heard that trolled, reveals regional president Francisco lead to a fi ne, community service, and loss two National Police tifi ed as J.L.M. - used ing him he was ‘not he caused inju- Camps, since it is a central government de- of licence. But from December 23, only one offi cers after they foul language and going anywhere’ ries to the offi cers cision. of the fi rst two sanctions will apply. pulled him over for asked ‘what busi- with them and that when they pinned But he hopes that what he calls an ‘erratic’ Drug-traffi cking offences will be penalised riding his motorbike ness it was of theirs’ he was not obliged him down and that plan by Madrid to claw back public funds according to the quantity and class of the in the nude has and called the of- to show his identifi - whilst en route to can be offset by the tax freeze and avoid substance, with 750 grams of cocaine be- been sentenced to fi cer rude names. cation. the police station, further fi nancial burdens for already hard- ing regarded in the same light as 2.5 kilos six months in jail. The two offi cers The naked pillion he kicked the back pressed households. of marihuana or 300 grams of cocaine. After being caught asked to see his rider told the police- seat window of the The central government’s radical tax-collec- Sentences will be reduced from the present back in May 2006 identifi cation, but men they should just patrol car several tion plan includes scrapping the 400-euro threshold of between nine and 13 years to at around 05.00hrs he was taken to the give him a fi ne and times. income tax benefi t, eliminating benefi ts for between six and nine years. riding pillion on his police station when to ‘stick it up their As well as being renting property, increasing tax on savings, Those currently serving sentences of nine moped through the he was unable to bums’. sentenced to jail, he and the controversial IVA increase earlier years or more could see their release date city of Alicante, and produce it. Next, he reportedly was ordered to pay a this year. brought forward or even fi nd themselves being asked why he He is then said to made obscene ges- total of 453 euros in Camps says such measures would hit mid- freed when the Criminal Code reform was out in public have punched the tures at the offi cers fi nes. dle-income earners and ‘modest’ savers comes into force. In the case of sentences with no clothes on, offi cers’ arms and with his penis. hardest. for street-sellers peddling pirate goods, they will only be considered as having committed a serious offence if they amass over 400 expat insurance agency euros in benefi ts from their activities. vinocamino.com Some defence lawyers are already attempt- ing to have their clients’ court cases post- great wines, great prices poned until after December 23. Trader special offer! SSHEILA´SHEILA´S PPOPULAROPULAR Tel 977 426 419 See our advert on page 3 SSafariafari ParkPark The Magpies Is under new ownership. 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Risk appetite remained at aligned with the backdrop a straggler over September Cricket legend, Throughout the 24 the fore last week, with mar- of relentless JPY muscle, a as investors continued to Phil Tufnell, glam- hours thousands kets failing to be deterred deterioration in economic worry over potential QE from our model, Jodie of people got into by concerns over Ireland’s attitude as refl ected in last the BoE. This doubt is unlike- Marsh and fun- bed with them, banking sector and mount- week’s Tankan survey and ly to fade swiftly, signifying ny man, Patrick with several peo- ing resistance to austerity fall in exports. Newspapers restricted gains against the Monahan have ple going to see all methods across Europe. The in Japan indicate that the USD and potentially more dif- achieved the world three - including a biggest loser remained the BoJ could add to borrowing fi culty against the EUR. Ster- USD, with the Dollar index of fi xed rate 3 to 6 month ling speculative attitude has record for the long- pug dog and a six touching a low of almost loans to fi nancial institutions enhanced but particularly est three-way con- month old baby! 78.00 and speculative posi- in addition to buying further positioning remains short. versation - talking Patrick crowd tioning (as indicated by the short-term government debt. Contrary to GBP, the EUR has non-stop for the surfed and they all CFTC IMM data) identifying The methods along with risks benefi t from USD weakness last 24 hours! had a competition an additional sharp drop in of further JPY interference and looks set to expand on The chatty trio to see how many sentiment to its lowest since may thwart USD/JPY reced- its gains. Even though there have been in their people they could Dec 2007. It is a signifi cant ing further, however as seen is a risk that speculative po- get into bed with week for central bank meet- in the boost in speculative sitioning will before long turn PJs in giant beds ings, with four major cen- net long JPY positions last out to be too stretched, it is in different cen- them at the same time, which Jodie tral banks announcing their week, the market is trying to worth noting that positioning tral London sta- monetary policy including determine the resolve of the is well below previous highs tions, talking to won with 22 peo- via Powwownow’s Twitter and Facebook Bank of Japan (BoJ), Reserve Japanese authorities.