Articles by JP Marin Arrese

About the Author

JP Marin Arrese
Juan Pedro Marín Arrese is a Madrid-based economic analyst and observer. He regularly publishes articles in the Spanish leading financial newspaper 'Expansión'.
Spanish government to supply Saudi 400 laser-guided bombs

Intelligent Bombs Do Not Kill People

J.P. Marín-Arrese | “At least, no single Yemeni would face death singled out by these ingenious devices shipped from Spain to Saudi Arabia.” Such a startling statement did not come from the arms industry, but the Spanish government spokeswoman.


Left opposition party threatens the Spanish government to derail the coming budget

The Spanish Government Tax Drive Bogs Down

JP Marín-Arrese | The attempt to tax banks, large corporations and targeted polluters for filling the pension gap and increasing covering social spending, seemed a cunny initiative squaring the circle. On top of getting extra money, imposing a burden on the well-off always prompts widespread popular support. An outcome all the more welcome when the general elections loom close ahead.


Obsessed by minor issues, Europe forgets important things

Europe At Anchor

Obsessed by minor issues, Europe forgets the important thing. If it really wants to avoid a repetition of the banking crisis, it should apply itself to guaranteeing high and sustainable growth, as well as introducing solid cushions of own funds for hard times and a more efficient preventive supervision. However, reducing the problems of the Eurozone to no more than the health of the banks is an exercise in short sightedness.


China and the US have long enjoyed a mutually beneficial relationship

Trump’s Warlord Behaviour On Trade Will Cripple Confidence

J. P. Marín-Arrese | The latest trade offensive launched against China will inevitably escalate into full-fledged warfare. Imposing tariffs on 200 billion imports amounts to a vicious and indiscriminate attack triggered by mere irritation at the counter-veiling measures undertaken by the Asian giant. Unleashing such large-scale hostilities will raise the stakes prompting further bouts of unfettered retaliation on both sides. The US is already threatening to punish all trade flows totalling 500 billion.


Even before PM Theresa May undertakes further moves, the Tories seem torn apart

Brexit No Longer Holds The Tories Together

J. P. Marín-Arrese | Faced with a humiliating snub from Parliament, Ms May had to drop plans for going ahead with a hard Brexit, whatever the price. As she has suddenly switched to a confusing soft-exit proposal, Mr Davis wisely refused to carry it through. His resignation shows to what extent the UK has become cornered with no conceivable way out at hand. Johnson’s resignation shows the open rift and represents a direct challenge to Ms May’s leadership.


Spain should position itself on Europe’s main issues

Juan Pedro Marín-Arrese | From the start the new Spanish government has voiced its staunch pro-European stance. A most welcome move when other core countries drift apart, either through complete withdrawal like the UK or proving a real nuisance like Italy. Not to mention some Eastern Member States waging an open rebellion by snubbing key democratic principles enshrined in the Union Treaty.


When it comes to sending messages to the market, central banker develop their own language.

Central Bankers’ Language Does Matter

J.P. Marin-Arrese | When it comes to sending messages to the market, Jerome Powell is proving less conventional and more straightforward than Mario Draghi. The former added fuel to the fire by delivering a forthright appraisal of the strength of US growth, the latter announced the ECB would scrap the QE scheme by the end of the year.


PM Pedro Sánchez will govern backed by a weak minority party

The New Spanish Government Holds Win-Win Cards

J.P. Marín Arrese | PM Pedro Sánchez will govern backed by a weak minority party. There will be little respite from either those who voted for him or those who voted against him. No one expects the new Spanish government can deliver any substantive policies. Yet, such an isolated and weak position can also be a valuable asset.



Jerome Powell baffled both the experts and the markets

Jerome Powell ditches forward guidance

In his first press conference, Jerome Powell baffled both the experts and the markets. After reading the hawkish introductory statement, he defused all fears for a harsh and swift monetary tightening.