In the last few years, Spain has halved its deficit and emerged from a recession and the threat of a bailout which could have pulled all the eurozone down with it. Furthermore, it is now one of the countries with the highest growth – when the rest of the eurozone is still dragging its feet eight years after the start of the crisis – and unemployment is trending lower. But while caretaker Economy Minister Luis de Guindos keeps repeating Spain may not be sanctioned for non-compliance with its deficit target, everything indicates this will happen at the beginning of July.
Articles by Jacobo de Regoyos
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The Belgian authorities understand that the risk of Brussels losing its capital status in Europe is very real in the wake of the terrorist attacks and the security deficiencies these revealed. Such a mess is incompatible with being the headquarters for the European Union and NATO.
Great Britain’s exit from the European Union could be the straw that breaks Europe’s back. So heads of state and government have worked hard on devising a new tailor-made suit for the UK.
Schengen, another great symbol of European integration, is walking on thin ice because of the difficulty of governments to manage the refugee crisis and the security problems posed by jihadist attacks. Schengen is no longer irreversible. Even countries like Sweden are considering gestures as symbolic as the closure of the bridge that connects it with Denmark.
BRUSSELS | July 3, 2015 | By Jacobo de Regoyos | The Greek crisis has sparked an intense debate about the future of the European Union. Spain recently handed Brussels a proposal on a eurozone-level budget for emergency rescues, and the need of issuing eurobonds. Head of Spain’s Economic Office Head Álvaro Nadal spoke to The Corner about competitiveness and solidarity between members. This is the second part of an interview.
BRUSSELS | June 26, 2015 | By Jacobo de Regoyos | Along with other EU state members, Spain called for a eurozone-level budget for emergency rescues, and issue debt in the form of eurobonds. Álvaro Nadal, Director of the Economic Affairs Office of the Spanish Prime Minister explained it for The Corner. This is the first part of the interview.
BRUSSELS | May 8, 2015 | By Jacobo de Regoyos | In the second part of his conversation with The Corner, GDF Suez (now Engie) Chairman and CEO Gérard Mestrallet refuses to comment on the French government allegedly approving rules to protect multinationals from potential takeover bids. He insist that the carbon price is currently too low, and that does not send a clear signal to the industry players.
BRUSSELS | May 7, 2015 | By Jacobo de Regoyos | Present in 70 countries, GDF Suez is now named ENGIE. “A simple and strong name that evokes energy for all and across all cultures,” says its Chairman and CEO, who will leave his position in April 2016. This is the first part of his conversation with The Corner in Brussels.
BRUSSELS | By Jacobo de Regoyos | Reports several months ago claimed that smuggling and money laundering were on the rise in Gibraltar. In an exclusive interview with The Corner, Gibraltar´s Deputy Chief Minister, Joseph Garcia, makes an impassioned defence of the territory´s record, claiming that the measures in place to combat such problems are among the strongest in Europe. He also laments the deterioration of relations with the Spanish Government and calls for a reopening of diplomatic channels.
BRUSSELS | By Jacobo de Regoyos | The previous five years of Jean-Claude Juncker’s reign were suddenly thrown into flux following the publication of hundreds of secret documents regarding agreements between the Grand Duchy of Luxemburg-during his premiership- and over 340 multinationals. In essence, this amounted to the facilitation of tailor-made fiscal schemes that allow the payment of a corporate tax close to 1% instead of the stipulated 29%.