Articles by Luis Alcaide

About the Author

Luis Alcaide
Luis Alcaide works as an economist for the Spanish government since 1961. He has been state adviser in the European Union and Bank of Spain director of communications. Alcaide published editorial articles in Spain's leading newspaper El País between 1977 and 1983, and in Diario 16 between 1985 and 1988. He regularly contributes to Economía Exterior and Política Exterior. He's founder member of Grupo Consejeros.

In the Spain of 2019

Luis Alcaide | Spanish government with its parliamentary minority has administered, but without exposing itself to dangerous risks difficult. It has pushed its budget, with its own proposals, knowing it will not be approved. But as Groucho Marx said “here is another one”. The increase in the minimum wage has already shown their socialist colours. We need to continue to take care of the economy. It is not that easy, but not that hard either.


The government of Sanchez

The Government of Sanchez

Luis Alcaide | Pedro Sánchez will be monitored from every corner to see if he can count on the collaboration of a Spanish administration more independent than in the past. He will have to manage budgetary imbalances and growth of public debt. Furthermre, his fellow citizens rate corruption, after unemployment, their greatest concern.






Spain: A Light At The End Of The Tunnel

The PSOE “barons” rebellion against party leader Pedro Sanchez represents an internal power struggle. A national issue. Sanchez has been replaced by an interim executive committe headed by Javier Fernandez. Sanchez had a strategy worked out.


The Spanish Economy’s Urgent Challenges

A favourable international situation can conceal Spain’s economy structural deficiencies. But if these were to disappear, the Spanish economy would have problems in balancing its public accounts and its financial position with the rest of the world.


No Picture

Boosting growth is the only way of achieving fiscal consolidation

MADRID | By Luis Alcaide | In an op-ed at Wall Street Journal on Thursday, New EU Vice Commissioner Jyrki Katainen pledged for stimulating growth in the eurozone by keeping the proper fiscal consolidation. But his comment could be put in a different way: stimulating growth by all means as the only way of achieving fiscal consolidation. Stimulating growth means that deflation, a price level increase inferior to 2% (the Stability Pact target) is a more pressing requirement than meeting the 3% public deficit in the short term. 

 


It’s Time To Look For Investment!

MADRID | By Luis Alcaide | Globally, investment in relation to sales figures are at their lowest level in the last 22 years, even though there is a huge amount of liquidity all over the world. What is the problem then? Crystal clear: money is not flowing and therefore growth cannot be reactivated.