Spain public debt

Spain’s Public Deficit: Firemen Don’t Stand On Each Other’s Hoses

The European Commission did not want to meddle with Spain’s general elections on June 26th and has postponed until July its decision regarding a sanction for the country’s non-compliance with its deficit target. But none of the European community experts have ventured to confirm that this sanction will finally be imposed.

US And China Millennials Do Not Mark The End Of European Luxury

UBS | Following our recent launch report on European luxury we have undertaken an analysis of US and Chinese millennial (18-34 years) spending together with UBS Evidence Lab based on our survey of 2,109 consumers. We conclude that millennials will not mark the end to luxury consumption that some fear.

Consumer spending in Spain outpaces eurozone

The figures issued by the Bank of Spain have confirmed what we could already see with the naked eye; namely that Spaniards are losing their fear of the future and spending again. After several years of austerity, the consumers in Spain have gradually loosened their purse strings over the past year. And to such an extent that consumer spending rose 3.1% in 2015, almost tripling the 1.2% registered a year earlier.

Financial Implications Of Economic Uncertainty

BARCLAYS | There is growing concern about the strength of the business cycle in Europe and globally. China continues to surprise to the downside, while markets are beginning to assign a meaningful probability of a US recession later this year. Markets are now wondering whether Europe’s growth outlook will remain unscathed

Iberdrola USA starts trading on NYSE with a market cap of $11.2 Bn

Iberdrola, Spain’s biggest electricity company, has completed the merger with the US firm UIL and the new group Avantgrid is now trading on the NYSE.

Shares in Iberdrola USA began trading yesterday at 38,75€/share (310 million shares), registering a fall over the day of 6.7% to 36,12€/share in an overall weak session.

what are our contingencies and backups for catastrophic climate change?

Climate Change: A Clear And Present Danger

Atul Singh | Climate change is heating the planet, endangering the lives of billions of human beings and threatening the survival of other species. Therefore, it is little surprise that the 21st session of the Conference of the Parties (COP 21) is taking place in Paris to belatedly address climate change. US President Barack Obama has given a rousing speech outlining “the urgency of the challenge” of climate change.

Catalonia cannot compete with the confidence in Spain

With less than 50 days to go to the general elections, which perhaps may be more decisive than on other occasions, and the Catalan Parliament voting on the start of the secession from Spain, neither economic nor political confidence is faltering.

Greek banks will not need full amount of EU bailout

Athens may need no further than €10 billion to recapitalise its main financial institutions. These are the funds in the Hellenic Financial Stability Fund to cover the sector’s requirements. Looks like in Brussels there is a broader consensus that the figures revealed by the ECB are “encouraging”.