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Country risk, from the local press

Spain · Country watch

Ceuta Protests Escalate, Euribor Surges

Police disperse protests in Ceuta; Euribor rise impacts variable mortgage holders.

· · 7 sources

The picture Deteriorating

Business conditions in Spain are deteriorating due to escalating unrest in Ceuta and rising Euribor rates, which increase costs for mortgage holders.

In this briefing Julia Ferreras · Rafael Borrego · Ceuta · Tarajal · Euribor

Regulation

Nothing significant reported today.

Disruption

Nothing significant reported today.

Internal tension

Police disperse protest in Ceuta with gunfire

a group of police officers standing in front of a crowd of people
Kylli Kittus / Unsplash

Police in Ceuta fired shots into the air to disperse a protest involving around 200 residents. The unrest followed an attack on a vehicle carrying deputy Julia Ferreras and activist Rafael Borrego, according to LaVanguardia.com. The protest was reportedly aimed at preventing the arrival of the Pamplona-based group Negu Gorriak/Derecho a Techo, accused by some of being 'radicals' and 'pro-ETA'. The situation in Ceuta remains tense as authorities work to maintain order.

Impact Employers and residents in Ceuta face increased tensions and potential disruptions due to ongoing protests.

Sources: LaVanguardia.com ↗

Ceutíes demand border security at Tarajal

Thousands of residents in Ceuta marched to the Tarajal border crossing, demanding immediate expulsions and increased border security, elcorreo.com reports. The protesters chanted slogans against Morocco, highlighting tensions in the region. The demonstration reflects local concerns over border control and immigration policies, as calls for stricter measures grow.

Impact Authorities in Ceuta may face pressure to enhance border security and address local demands for stricter immigration control.

Sources: elcorreo.com ↗

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • finance

Euribor surpasses 3%, affecting variable mortgages

The Euribor, a key interest rate benchmark, has risen above 3%, impacting the cost of variable-rate mortgages in Spain, La Razon reports. The increase will raise monthly payments for borrowers, depending on the timing of their mortgage review and the terms agreed with their banks. This development comes amid broader concerns over inflation and rising living costs in the country.

Impact Homeowners with variable-rate mortgages face higher monthly payments due to the Euribor increase.

Sources: La Razon ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Spain

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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