There is a sudden push to cut taxes in the US and Europe, although the Spanish government is preparing to increase taxes here, particularly for companies.
J.L. M. Campuzano (Spanish Banking Association) Cash or credit card? Make a transfer? Or perhaps use another digital payment method? For example, using your mobile pone, like with Bizum. According to the Bank of Spain, payment by credit card has grown at double digit rates of over 10% in the last few months. The amount of cash taken from dispensers has also increased, although at a more moderate rate at around 3%.
Fernando Rodríguez | Hispania, Axiare, Lar and, above all, Merlin are looking good. Spain’s 4 big Socimis are reflecting the favourable economic cycle, the recovery in the property market and the beneficial tax conditions they enjoy. Risks include the upward tension in interest rates and the profileration of competitors, with the stock market swarming with 30 or so Socimis of all kinds.
We have seen how the public debt figures are being manipulated downward, and now we’re going to see how there are also manipulations in Spanish GDP, but this time they are upward. From this we can infer that the ratio of debt/GDP, which is a crucial figure for the health of any economy, is seriously undervalued.
In 2016, Spain was once again the European country which received the most funding from the European Investment Bank (EIB), for a total of 11.5 billion euros, in terms of investment per unit of GDP or, in other words, in relation to the size of its economy.
There is no question about the importance of the renewables auction due to take place between now and June if we take into account that installed renewables power in Spain (excepting hydraulic) is 31.216 Mw. So in other words, the new installations will increase this energy park by 10%.
Spain’s trade deficit declined 22.4% to 18.754 billion euros in 2016, the second smallest figure since 1997, thanks to record exports.
There are some items of Spanish public debt which are eliminated from Bank of Spain’s accounts, reducing the total figure. In other words, 450 billion euros ignored. Basically, what is being removed is public companies’ debt, the debt issued by a public institution in the hands of another public institution, as well as other adjustments, which really should not be discounted.
Miguel Ángel Tramullas | The price of second-hand homes is recovering in Spain, in part driven by the interest of investors who are buying in the big cities to then rent the property out, as a viable option given the lack of alternative investments.
Ex-Bank of Spain governor Miguel Ángel Fernández Ordóñez will testify in the Bankia case despite his successor, Luis Linde’s, attempts to justify the central bank’s actions with regard to Bankia’s IPO.