Spain

Unidas Podemos: nepotism, communism and “good governance”

Unidas Podemos: Nepotism, Communism And “Good Governance”

Before it has a president -Pedro Sánchez- Spain has known the names of half of its future cabinet members, the ones appointed by Pablo Iglesias, leader of Unidas Podemos and future vice-president of the PSOE-UP Coalition Government, who, to stress his independence and loyalty to PSOE and President Sánchez, has announced the names of the four ministers (cabinet members) that he, and not Sánchez, has chosen. A good start.


Pedro Sánchez falls short of majority but will likely prevail tuesday

Pedro Sánchez Falls Short of Majority, But Will Likely Prevail Tuesday

Atlantic Sentinel | Left-wing separatists would allow the social democrat to become prime minister a second time. Spanish Socialist Party leader Pedro Sánchez fell short of a absolute majority in Congress on Sunday to become prime minister a second time. However, left-wing separatists from the Basque Country and Catalonia have agreed to abstain from a second vote on Tuesday, which should allow Sánchez to scrape by with a majority of one.


Economy at a glance: the bank of Spain forecasts

Economy At A Glance: The Bank Of Spain Forecasts

Círculo de Empresarios | The Bank of Spain forecasts that the Spanish economy will embark on a gradual path of deceleration until 2022, and therefore maintains its 2% and 1.7% annual growth forecasts for 2019 and 2020, respectively.



Spain's left’s inability to unite against the right

Spain: Political instability at home continues, undermining influence abroad

Shaun Riordan | Pedro Sánchez has failed to secure election as Spain´s Prime Minister in the second investiture vote in the Spanish parliament today. He needed only a simple majority. But the break down in negotiations with Podemos, and their decision to abstain, left Sanchez´ socialist party (PSOE) in a minority. The problems between the two parties seem to have centred not on policy but on the distribution of ministerial portfolios in a coalition government. Sanchez conceded that Podemos could hold ministerial positions, but the far left party complained that the portfolios he offered lacked real substance.



Spanish households savings

Spanish Household Debt Continues To Fall: 61% Of GDP (Down 3%)

J. L.M.Campuzano | Spanish household debt continued to reduce in 2017, reaching 61% of GDP (down 3%), according to the Bank of Spain. It has fallen 24% since its máximum level reached in 2010. Company debt at the end of the year amounted to 78% of GDP, with a fall of 5% over 2016. Company debt has fallen 39% since its maximums.