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The ongoing uncertainty about Spain’s political future is doing additional damage to the Spanish stock market, which is already under the same kind of duress as other European bourses because of concerns about a global slowdown. With inconclusive elections held on December 20th and no functioning executive in sight yet, “the uncertainty surrounding the formation of a government” is the greatest risk to the Spanish economy, according to the European Commission. Investors fear a new global slowdown caused by the Great Recession, whose effects are now focused on the emerging nations Though analysts and economists agree that global problems are weighing more heavily than domestic ones on the Spanish markets. Still, the blue-chip Ibex 35 ended 2015 with the worst performance in Europe, losing 7.1% of its value. And so far in 2016, it has yielded nearly 15%, although other exchanges in the continent have not fared much better. On a brighter side ,Spanish housing sales rose 11.1 percent ...

Sean Connery's wife has been ordered to stand trial over an alleged multi-million pound tax fraud. State prosecutors want French-born Micheline Roquebrune jailed for two and a half years and fined more than £16 million if found guilty. A judge in Marbella made his trial decision after a long-running investigation into the 1999 sale of the home Sir Sean, 85, and his artist wife owned in the Costa del Sol resort. Spanish prosecutors want to prosecute Sir Sean Connery's second wife Micheline Roquebrune, left, over an alleged multi-million pound tax fraud involving the sale and redevelopment of the couple's Marbella mansion The former 007 star's Marbella mansion, pictured, was demolished and redeveloped into luxury flats [pictured below ] after Sir Sean and his wife sold it in 1999. Spanish prosecutors claim Ms Roquebrune defrauded the Spanish treasury. The apartments were sold by a property company called by the sea ...