BARCELONA | By Joan Tapia | Optimism over Spanish recovery should be refined. The so much discussed but effective economic management of Spain’s government is not well transferred to political confidence. As citizens place their political confidence at 29.5 points against 29.9 points of trust in the economy, businessmen have gone in terms of political confidence from a poor 2.16 to another poor 2.33.
Articles by Joan Tapia
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BARCELONA | By Joan Tapia | Spain has seen its credibility boosted by the European Commission and other international players like the IMF. However, this brighter image has not been translated into more confidence from its citizens.
BARCELONA | By Joan Tapia | Markit analysts point out the positive impact of the wage reductions that increase the competitiveness of Spanish products and help export. If Europe pulls the cord – as the PMI show- the economy could accelerate in the coming months. The Government exaggerates these data (reforms, foreign capitals inflow, and European growth) to underline that the economy will create jobs in 2014 while other analysts – more independent or from other political areas – show more caution.
By Joan Tàpia | At the end of 2011 and after taking office, Mariano Rajoy’s government made its first decision: a €15 billion budget adjustment which…