In Spain

Spain public debt and deficit targets

Spain Is Far From Complying On Deficit And State Debt Targets

Spain is far from complying on deficit and State debt targets. It’s still surprising that out of a total amount of debt issued equivalent to 137% of GDP, there can be an official debt of 98%, thanks to a cut which, under the EU’s conditions themselves, is fully approved. This growing divergence has been there for years, particularly since the PP entered government in November 2011.

S&P raises its Spain rating to "A-"

S&P Raises Its Spain Rating To “A-” With Positive Outlook Of Its Own Accord

In January, Spain terminated its contract with S&P (tired of paying for being knocked done by the ratings agency). S&P then replaced its management team in Spain and now, in March, of its own accord, – because Spain did not ask for the qualification – decided, last Friday, to raise its credit rating on the country by one step, to A- from BBB+, with a “positive” outlook.

Spanish houses purchases are promising according to Google trends

Spanish House Purchases in 2018: What Can Google Tell Us?

The bullish cycle of the real estate sector consolidated in 2017, as shown by more than 460,000 homes being sold in Spain, up by 14.6% on the previous year. Will Spanish house purchases continue to rise at such a considerable rate? “According to Google search data, the outlook is promising,” say CaixaBank Research economists.

Spain's pensioners are on the brink of war

For Those Who Say There Is Indeed Money For Spanish Pensioners

Spanish pensioners are on the brink of war. The group which has been the support for families during the 10 years of crisis, and has saved the country from social conflict, received a letter from the Labour Minister, Fátima Bañez, at the beginning of the year. Despite the fact CPI is now over 1.5%, she said she was maintaining the 0.25% increase in the pensions.

Germans to shun diesel engines after power of veto

Germans To Further Shun Diesel Engines After Power Of Veto-Sales Cut 12% in 2017

The German Federal Administrative Court has ruled that cities can veto access to diesel engines as an option to curb air pollution, following the court-indicted grace period until September. Other measures such as pollution stickers are also feasible. However, the ruling does not mean that diesel cars are vetoed in German cities from now on.

Spain's electricity companies should invest Between €29-34 billion in power lines

A Report From Deloitte Gives Spain’s Electricity Companies A Weapon To Use Against The Government

A report from Deloitte urges Spain’s Energy Minister Álvaro Nadal to change the current model for asset remuneration and go for one similar to that in use in other European countries. The proposal implies an improved remuneration system for companies and, at the same time, forecasts reductions in electricity bills thanks to bigger demand in a more electrified economy.