Articles by Francisco López

About the Author

Francisco López
Working for more than 25 years in the world of journalism and communications, Francisco has gained valuable experience at several well-known newspapers such as El Mundo and La Vanguardia. He specialized in economic and financial news before making the leap to the corporate communication sector where he has held several positions: Adviser to the Ministry of Economy, Director of the Bank of Spain’s Communication Department, in addition to his consultancy role at Analistas Financieros Internacionales, where he currently works.
Currencies war

What Happened To The ‘Currencies War’?

There are still divergences between the monetary policies of the Fed and the ECB. But if Draghi meets expectations for progressive withdrawal of the stimuli from September and rate hikes in the first few months of 2018, a new “currencies war” is not on the cards in the near future.


Political risks after Macron's victory

Less Political Risk: What Will Happen Now In The Markets?

Investors realise that the political risk in France has decreased substantially and are less concerned about what might happen on the political front in Italy and Germany. Now it’s time to look at companies’ fundamentals once again and continue to focus on the ECB’s decisions over the coming months.


spanish households

Why Are Spaniards’ Savings Rates At Decade-Low Levels?

The savings rate for Spanish households is currently 7.7% of their gross disposable income, the lowest level for a decade. The fact is that the current low interest rate scenario doesn’t encourage saving, but boosts households’ tendency for spending.




Peripheral countries debt

The Peripheral Countries’ Debt Moves To The Political Beat

The Eurozone is showing positive signs of growth and inflation. But the risk premium levels of the peripheral countries are still very high compared with those at the start of this year. In the short-term, they will move to the political beat, particularly any news on the French election.


Spain's recovery

Why Is Spain’s Recovery Not Reaching Wage Earners?

International organisations and the leading research departments are revising their growth forecasts upwards for the Spanish economy for this year and 2018. But at the same time, they note that Spain’s recovery is not reaching most wage earners.


Mario Draghi

Markets Welcome Draghi’s Predictability

Once again Mario Draghi followed the expected script: it kept interest rates at 0%, where they have been for the last year; it left the deposit facility unchanged at -0.4% and did not modify the debt purchasing programme.


Spanish economic forecasts

Why Are Experts Making Upward Revisions To Their Spanish Economic Forecasts?

The leading research departments have begun to make upward revisions to their forecasts for the Spanish economy in 2017 and 2018. The GDP figures confirm that our economy did not lose momentum in the final part of 2016 (in the end GDP grew 3.2% for the year as a whole). And the indicators on activity and confidence at the start of 2017 show a slight acceleration. The good performance from the labour market, and Spain’s competitive exports, will be key growth drivers.