Articles by Fernando Gonzalez Urbaneja

About the Author

Fernando Gonzalez Urbaneja
Over 30 years working in economic journalism. Fernando was founder and chief-editor at El País, general editor at the business daily Cinco Días, and now teaches at Universidad Carlos III. He's been president of the Madrid Press Association and the Spanish Federation of Press Associations. He's also member of the Spanish press complaints commission.
SanchezDiaz

PSOE-Sumar pact: less work and more taxes to create more jobs?

Fernando González Urbaneja| The outgoing government has rubber-stamped a pact for the incoming government, signed with solemnity to convey an idea of hard bargaining within the cabinet. At least on the part of the cabinet, since the Podemos faction has been left out of the negotiation led by Yolanda Díaz under the SUMAR brand. The Podemos faction has been left with the option of throwing a hissyfit and little else,…


sanchez elections

Amnesty? What amnesty?

Fernando González Urbaneja ! The Catalan pro-independence supporters have imposed the discourse of amnesty, which they demand so that justice will forget about their leaders. A very particular and personal matter has become a national issue, a matter of state, a hinge of the legislature’s being or not being. All of this is evident, and that is why amnesty has become the issue of the moment, at least until the…


pedro sanchez reflexiona

Muddying as a playing technique

Fernando González Urbaneja | In football, the technique of muddying the pitch is well known and is used by a bad team against a more competitive one. Muddying materially, spraying water on the pitch, or figuratively by pushing, kicking and other tricks to impede play and make the opponent desperate. It is as legitimate as it is regrettable, for the players and, above all, for the spectators, as it means…


sanchez elections

Sánchez changes his mind, again

Fernando González Urbaneja | That Pedro Sánchez changes his mind is not news, it is part of his way of doing politics. It is one of the assets he employs to achieve the desired end, which is none other than power, dressed up as a progressive programme, one of those concepts that can be used for whatever is needed, an empty signifier. Sánchez makes no secret of this ability to…


boardofdirectors

Managing stagflation

Fernando González Urbaneja | Of recent statements by economic policymakers, I find the Federal Reserve Chairman’s statement at the Jackson Hole retreat revealing. Powell says that they are groping along. And yet the flight is reasonably on track and may land safely. Central bankers, who are as much a determinant of the economy as governments, work towards a goal of general equilibrium, a control of prices (the optimal goal) without…


Barça

Who owns FC Barcelona, the shareholders or the creditors?

Fernando González Urbaneja | For years now, professional football has been experiencing a rise in value fuelled by television rights and by new entrants to the sector (sovereign wealth funds and private equity) which are increasing the value of the spectacle to the point of a typical bubble, which will burst when there are no assets left to be fattened. Spain’s top clubs have gone from a situation of bankruptcy…


sanchez feijoo

“No quarter for the PP, we don’t even give them the time of day”

Fernando González Urbaneja | Feijóo, in his capacity as the person in charge of the investiture, has asked for a meeting with Sánchez in his capacity as head of the PSOE, the second most voted party. What is anomalous is that such contact was ignored, even though it serves no purpose. It’s not true that rubbing together makes love, since, unfortunately, there is no chemistry between these two figures. Sánchez’s…


congreso diputados1

The XV legislature will start with an “alcaldada”

Fernando González Urbaneja| An “alcaldada” is an “imprudent or inconsiderate action executed by a mayor (or any authority) abusing the authority he or she exercises”. A more demanding reading of such an action might consider the hypothesis that an alcaldada can reach the character of prevarication (knowingly unjust resolution) or even embezzlement (misuse or abuse of resources of others). What the Bureau of Congress may resolve next week takes the…


France

Fortress Europe closed to outside experts

Fernando González Urbaneja| The European Commissioner for Competition, the Dane Margrethe Vestager, wanted to recruit an American expert with good credentials as her chief economist: Yale professor and competition expert Fiona Scott. The American was the best qualified, but her status as a non-European citizen was not acceptable to some governments, especially the French government, which used the concept of strategic autonomy to veto the professor. The informal veto was…


Congreso

Spain: everyone will agree with everyone

Fernando González Urbaneja | The aim of politicians is to achieve power, to whatever degree possible, but power. And the laws of democracy are conditioned by arithmetic, that is, to achieve the sum of votes that will give greater or lesser access to power. These are two principles that we are going to see in action over the coming weeks in the city councils and autonomous governments that are in…