Bob James’ Spanish News Headlines – Visual format – Dateline: 01/07/22

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Bob James’ Spanish News Headlines – Visual format – Dateline: 01/07/22

 

At the close of the NATO summit in Madrid that world leaders have described as ‘transformative’, US President Joe Biden announced a new $800 million package of military aid for Ukraine, including air defense systems, artillery, ammunition and counter-battery radar.

The announcement came a day after the US leader pledged to boost Americaís defense and deterrence capabilities on the European continent.

At the two-day gathering, which brought together around 40 heads of state and government, leaders agreed on long-term support for Ukraine and on a new Strategic Concept, a document that describes how the Alliance will address threats and challenges in its security environment in the coming years.

Both Biden and NATO Secretary General Jens Stoltenberg underscored one of the main achievements of the two-day gathering, getting Turkey to lift its opposition to Sweden and Finland’s request to join the alliance following decades of non-alignment.

 

 

Spain will increase its defense spending to 2% of its Gross Domestic Product by 2029, prime minister Pedro Sanchez said yesterday.

‘Spain will fulfill its commitment to Nato and to the European Union to allocate 2% of GDP to the defense budget’, Sanchez told a press conference at the end of the Madrid sumit.

 

 

The amount of gas in Spain might not be sufficient to supply businesses and homes the government has warned.

Teresa Ribera, the Minister of the Environment, stressed in congress the need to ìstrengthen national contingency plans and strengthen savings policies, and propose measures for the hypothetical case that it is necessary to prioritise the availability of energy resources among consumersî.

Her warning comes after months of the Government assuring that the energy situation in Spain was not as critical as in central and eastern European countries due to its lower dependence on Russian gas. Ms Ribera basically highlighted the fact that there is not enough gas to supply everyone, and that decisions will have to be made between supplying businesses or homes.

Ribera described the energy situation as ëworryingí after the continued cut in the amount of gas that Gazprom sends to the EU.

 

 

Barcelona FC sold some of its television rights for more than 200 million euros to help its finances, the club said yesterday.

The Catalan club said investment firm Sixth Street will invest 207.5 million euros in exchange for 10% of the club¥s Spanish league TV rights for the next 25 years.

Barcelona called the agreement “a major step forward in the improvement of the club¥s financial resources and competitive positioning.”

The club said the transaction allows Barcelona to generate total capital gains of 267 million euros for the current season.

 

That’s the latest from TRE, I’m Bob James.

 

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