Articles by Fernando Barciela

About the Author

Fernando Barciela
Fernando Barciela has been a regular collaborator for Spain's leading daily El Pais' business section since 1994. He is also a regular collaborator on foreign policy. For Grupo Consejeros he interviews the top executives of Spain's listed companies. He was a correspondent with Diario de Noticias, Portugal's leading daily newspaper, in 1987-2004. He has a degree in Business Science and Journalism from the Complutense University.
Balance of Spain's bad bank Sareb

Sareb: Criticised In Spain, Praised In Brussels And Germany

Judging by the latest valuations which have appeared in the press, the balance of the first five years of Spain’s bad bank, Sareb, is little less than disastrous. But the bank’s performance has been praised by Brussels and by Germany, who have said it has completed its objective of stabilising the Spanish financial system.



Low salaries

“Betting On Low Salaries Is An Endless process”

“We are in a situation where retired people’s pensions are bigger than the salaries paid to the people working in the jobs they left. Something has broken down. All the education and infrastructures we have created should be directed towards a society with decent salaries,” says Alejandro Legarda Zaragüeta, who knows the ins and outs of Spanish industry after 20 years as managing director of CAF.



Spanish industry

Stop all the lamenting: Spanish industry is really taking off

The latest figures have again confirmed what we have been seeing in the last few quarters: Spain is not only not losing industry at the moment, but in fact this is recovering very fast. In January, for example, Spanish industry’s revenues rose 13.1% from a year earlier, the biggest increase since April 2008.


ECB's rates hikes

The Banks Sweep On The ECB Ahead Of Expected Rate Hikes

The certainty that we are on the threshold of a phase of consistent interest rate rises – the Fed could implement two or three further hikes this year – is spurring the European banks to endow themselves with liquidity from the ECB, at low prices.


Spanish ports workers on strike

Spanish Ports Will Lose Cargo To Other European Docks Just Temporarily

Over the last few weeks, Spanish businessmen’s concern has increased over the fact Spanish ports are becoming less effective due to the stevedore’s work-to-rule. According to business sources, currently it’s taking almost twice the amount of time to arrange a ship’s entrance into port, which also has direct consequences on the transport service.



legal security in Spain

Open debate: Does Spain have a lot, a little or no legal security

The eternal debate as to whether Spain has a quality democracy, with a level of legal security on a par with Europe, has recently become topical again following the courts’ decisions in the cases of Urdangarin and the “black” credit cards. Weeks before legal security also appeared because of the courts’ ruling related to the floor clauses.