spains economy

Spanish 10-year bond yields above 4% for first time in nine years

The Spanish bond maturing in ten years exceeds 4% for the first time since January 2014 and pushes the entire Spanish debt curve in the longer maturities. In fact, all sovereign debt over ten years is already above 4%. The new high seen in Spanish debt coincides with the publication of new inflation data in Spain. The consumer price index (CPI) jumped to 3.5% in September, two tenths more than…

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Comision europea fachada

European Commission recommends reducing fiscal stimulus to lower Fiscal Deficit by 2024

Bankinter: It is only a recommendation because fiscal policy is the competence of each member state, but it has consequences on inflation, monetary policy and bonds. The EC relaxed the Fiscal Deficit and Public Debt targets due to the CV19 pandemic (2020) and the Russian invasion of Ukraine (February 2022), but for months it has been insisting on the need to return to fiscal discipline in 2024. The key date…

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Banner CIR, junio 2022


Mercosur gives EU ultimatum to ratify pact between the two economic blocs

Banca March| In line with international trade, the South American countries are pushing to speed up the signing of a treaty that has been dragging on for twenty years of negotiations and four years of delay since the 2019 agreement was made. The justification for the wait is due to the environmental commitments that European countries are demanding from South American countries. If the signing does not take place on…

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“An electric car in Germany today emits more CO2 than a diesel or a petrol car. That’s the reality, because 50% of electricity is generated with coal”

The CEO of Repsol, Josu Jon Imáz, took part on June 22 in a debate organised by the newspaper El Correo, and took the opportunity to warn of the hypocrisy, inefficiency and paradoxes of European energy policy.For example, in Spain it is forbidden – by law – to explore for and produce natural gas “and at the same time we are encouraging companies to bring gas from the United States,…

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“Even small entities can now have systemic consequences”

Pablo Pardo (Washington) | “Even small entities can now have systemic consequences” says Margaret Franklin, presidente and CEO of the CFA Institute. In the English-speaking world, the acronym ‘CFA’ is often the first step towards serious entry into the financial sector. CFA’ stands for ‘Chartered Financial Analyst’, a qualification held by some 200,000 people worldwide and obtained through an examination administered by the CFA Institute. The CFA, chaired by Margaret…

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