In Spain

PNV Pradales

PNV wins Basque elections and will be able govern with PSOE’s support

The PNV has won the elections in the Basque Country with 365,634 votes (35.2%) and 27 seats (four fewer than it had); the same 27 seats (six more than it had) won by EH Bildu, the heir of the ETA terrorists (who laid down their arms in 2011) and which obtained 32.5% of the votes. The Basque Parliament will therefore be the most sovereigntist in history, with 68% of the…

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bancoespana

Bank of Spain warns public debt to soar with no consolidation plan

Banca March: The Bank of Spain warns that public debt will soar in the medium and long term in the absence of a consolidation plan. At the end of 2023, the debt ratio was 107.7% of GDP and a structural deficit balance (excluding the cyclical part) of -3.7%. In the absence of fiscal policies, debt would reach 108% in 2026 and 120% in 2024. The institution estimates that, with an…