spanish economy

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Spain Antifraud Law: Declared Foreign Assets Beat All Expectations

MADRID | The new antifraud law in Spain is bringing surprises on the table: more than 130,000 tax payers have declared assets held in foreign countries with an estimated total value of 87.7 billion euros, more than the double of  what Spanish Treasury estimated. The penalty is 150% of the tax due.


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Investors appetite for Spanish economy: will it last?

MADRID | By David Fernández | Foreign investors are showing a sudden interest in assets made in Spain due to, among others, central bank’s last data, Europe’s decision to delay the deficit commitment by two years and international factors such as second-round monetary helicopter launched by the Bank of Japan. Will this trend vanish?





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When will the crisis in Spain come to an end?

MADRID | Two German economic heavyweights are stirring the debate about the Spanish recovery: IFO President Hans-Werner Sinn, who recently said that “Spain will suffer 10 more years of crisis and an internal devaluation of 30%”, and Bundesbank Chairman’s, who thinks the crisis will last five more years. Both of them were as clear and firm as Germans usually are when speaking about Southern Europe.