In Spain



guaranteeing Spanish pensions means reforming the system itself

Forget Tax Collection, Guaranteeing Spanish Pensions Means Reforming The System Itself

The Spanish Ministry of Finance rules out a new specific tax hypothecated to finance pensions. In fact, the majority of developed countries has reformed their pensions systems basing them on various pillars (public/private; obligatory/voluntary) especially the nordic countries. Only Italy, Portugal, Greece and Spain maintain a pensions system based solely on obligatory social security contributions.



The IMF seeks a realistic fiscal adjustment of 0.5% from Spain in 2019

The IMF Seeks A Realistic Fiscal Adjustment Of 0.5% From Spain In 2019

In relation to the fiscal deficit, the IMF has suggested to the Government of Pedro Sánchez that it calculates “realistically”the incomes it expects to collect from tax increases, to avoid a sharp increase in the deficit. The organisation has also lowered its forecast for GDP growth in Spain in 2018 from 2.8% to 2.7%. For 2019 the IMF expects GDP to grow by 2.2%, in line with its previous forecast.



Pedro Sanchez explains the Spanish economy to major investors in New York

Pedro Sanchez Explains The Spanish Economy To Major Investors In New York

Prime Minister Pedro Sanchez this Wednesday will attend a meeting organised by the American Chamber of Commerce in Spain (AmChamSpain) during the General Assembly of the UN, together with over 20 leaders of major multinationals, US banks and major investment funds. At the moment, Sánchez has already had the opportunity to greet US President Trump.


Spain's tourism industry generated up to 20% of all new employment between 2014-18

Spain’s Tourism Industry Generated Up To 20% Of All New Employment Between 2014-18

One of the key supports for Spain’s economic growth during the recovery has been the strength of international tourism. CaixaBank Research predicts 3.4% growth in tourism-related GDP in 2018, outperforming Spain ’s economy as a whole (2.8% growth). This excellent performance has helped to create jobs: in the four years between Q1 2014 and Q1 2018, 396,000 new jobs were created related to tourism.


Spanish companies' cost of financing at minimum lows

Average Financing Costs For Spanish Companies At Historic Lows

The ratio which estimates the Spanish non-financial firms average cost of financial debt reduced between 2008 and 2016 (the last year for which data is available) by more than 50%, so that the average value want from 5.9% at the beginning of this period to 2.7% in 2016, according to the last data from the Bank of Spain.


Spanish government to supply Saudi 400 laser-guided bombs

Intelligent Bombs Do Not Kill People

J.P. Marín-Arrese | “At least, no single Yemeni would face death singled out by these ingenious devices shipped from Spain to Saudi Arabia.” Such a startling statement did not come from the arms industry, but the Spanish government spokeswoman.