Posts Tagged ‘pension fund’

Zapatero Looking for Oil Money to Save Spain Economic

Saturday, April 30th, 2011

Spain and Spanish Prime Minister Jose Luis Zapatero has rolled out the red carpet for Qatar’s emir, Sheikh Hamad bin Khalifa Al Thani, who promised to invest three billion Euros in the Spanish savings bank sector. He was received with the greatest honors that included a banquet at the royal palace with not only the Spanish royal family and government, but also the personalities of the directors of the two football teams Real Madrid and Barcelona as well as acting couple Antonio Banderas and Melanie Griffith.

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During the official meeting yesterday between the Qatari emir, and Spanish Prime Minister, did they signed four important treaties on the establishment of a Spanish-Qatar’s collaboration, these contracts is about the Spanish sporting elites and the Qatar National Olympic Committee and several bilateral issues on energy, infrastructure, transport and safety .

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And it strongly suggests that the Spanish government is completely obsessed with getting their hands on more oil money, it’s not just cooperation with Qatar, and it is also with Norway. Agreement with Qatar is in fact in line with Zapatero’s trip to Oslo last September, where he was during an discussion with Norwegian Prime Minister Jens Stoltenberg, who promised imminent investment by the Norwegian pension fund, which is among the worlds largest.

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 Qatar, according to the IMF the world’s richest countries, particularly because of its huge gas and oil reserves. Qatar is in the same line as the Emirates, a country with a rapid development and major infrastructure projects. The country’s presidents and prime ministers is the Emir, and it is he who appoints the government. It has no form of political institution or political party. Zapatero has in recent months has focused on foreign investment in Spain, which have included trips to not only Qatar, but also Dubai, Singapore and China in particular.

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