William Chislett | EU and euro zone membership have been hugely beneficial. More than 30 years after joining the EU, Spain was still a net recipient of EU funds. Between 1986 and 2016, the country received €95 billion more than what it contributed (excluding co-funding of EU projects).Read More
Spain’s banking sector lost € 5.560 Bn in market capitalisation yesterday after the country’s Supreme Court decided they woud have to pay mortgages taxes and not the final client. Just 24 hours after, the Court announced they will review the decision. Morgan Stanley calculates that the effect of ruling could reach 12 billion euros.