Spain's Supreme Court has ruled that banks cannot impose single-premium life insurance linked to mortgages. The practice, common from 2000 to 2018, often added insurance costs to mortgage capital, increasing interest and debt. Affected borrowers with active policies can reclaim the unused premium plus interest. The ruling resolved a case involving a 2017 mortgage of €151,547.62.
Minister Félix Bolaños called the Supreme Court's provisional suspension of voting rights for people nationalized under the 'ley de nietos' "legally very debatable." The measure affects those who obtained nationality through the Democratic Memory Law unless they can prove descent from exiles. Bolaños asked the court to resolve the issue before the 2027 elections.
Housing Minister Isabel Rodríguez said she would have liked to go further with the housing decree negotiated in Congress. She blamed Podemos and Junts for blocking a pact and criticized Isabel Díaz Ayuso over evictions. Rodríguez defended Casa 47, where a three-bedroom Madrid apartment will be listed for just over €740; the portal aims to reach 100,000 rental homes in 10 years.
Diesel margins over crude hit a record of $112.17 per barrel in the US and $98 in Europe in early September, more than double the June average of $44.75. Brent crude hovers around $104 as supply disruptions in Russia and the Middle East reduce refined fuel availability. In Spain, conventional diesel costs nearly €1.90 per liter, while premium varieties reach €2 per liter.
Analysts surveyed by the European Central Bank expect the deposit rate to stay at 2.5% until the third quarter of 2027. A cut to 2.25% is expected in the fourth quarter of 2027. The ECB raised rates to 2.5% on Sept. 10 because inflation remains above target; analysts see inflation at 3.2% in Q3 2026 and 3.3% in Q4 2026, falling to 2% by late 2027.
Scope Ratings raised Spain's long-term debt rating from A to A+ and changed its outlook to stable. The agency expects the economy to grow 2.6% this year and 2.1% in 2027, with public debt falling from 100.7% of GDP in 2025 to below 92% by 2031. It cites solid growth and improving public finances, though high debt and unemployment remain challenges.
Spanish swimmer Teresa Perales won gold in the 50m backstroke S2 at the European Paralympic Championships in Kocaeli, Turkey. The 50-year-old from Aragon reached 100 medals in major international competitions: 28 Paralympic, 23 World and 49 European. She won with a time of 1:09.26 ahead of Italy's Ángela Procida.
Minister Sira Rego said 2,100 migrant minors are registered in Ceuta's reception system, including 700 girls. She asked regional governments to take responsibility for transferring them to the Spanish mainland, and called for political will to ease pressure on the city.
Thousands of teachers and families protested in València, Alicante and Castelló against the Valencian government's public education policies. The protests, called by Plataforma per l'Ensenyament Públic, demanded more teachers and lower student-teacher ratios; 87% of teachers rejected the Conselleria's comprehensive agreement. Unions also oppose changes to educational inspection functions.
Spanish company PLD Space presented its Miura 9 rocket, designed to launch satellite constellations and strengthen Europe's commercial space position. The Elche-based firm is developing the rocket under a €158.9 million contract with the European Space Agency. Spain is Europe's fourth-largest space economy.
Atlantic Copper inaugurated CirCular in Huelva, a plant that recovers copper, gold, silver, platinum, palladium, tin, nickel and zinc from electronic waste. It is the first such facility in southern Europe and required an investment of €550 million. Its initial capacity is 60,000 tons of materials per year.
Ceuta Chamber of Commerce President Karim Bulaix says the city's economy is in a critical situation after the migration crisis. Direct losses reached €33,038,768 as of Aug. 31, equivalent to 20.6% of monthly GDP, while tourist demand from the mainland fell 90%. Bulaix called the situation an "authentic disaster" for the city's productive fabric.
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