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spanish GDP

Spanish economy 24th September 2021

Spain’s Final Q2’21 GDP Marks A Year-On-Year Increase Of 17.5%, Still Below Estimates Of 19.8%

According to National Institute of Statistics, Spanish GDP registered a rise of 1.1% in the second quarter of 2021 with respect to the previous quarter in volume terms. This rate is 1.7 points higher than that recorded in the first quarter and 1.7 points lower than that reported on 30 July. The year-on-year change in GDP stands at 17.5%, compared with -4.2% in the previous quarter. This rate is 2.3 points lower than that recorded on 30 July.

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Catalonia independence declaration

European politics 24th September 2021

Italy Arrests Puigdemont In Sardinia, A Fugitive From Justice Since 2017

Last night the Italian authorities arrested in Sardinia the former president of the Catalan Government Carles Puigdemont, a fugitive from justice since 2017. The Catalan leader, who as soon as he was arrested was taken to the police station at the city’s airport, was wanted on the basis of a warrant issued by the Supreme Court. Puigdemont had travelled from Brussels to take part in the Aplec Internacional Adifolk, an…

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An exterior view of China Evergrande Centre in Hong Kong

World economy 21st September 2021

Evergrande Is Not Lehman

Intermoney | A slightly higher opening (Eurostoxx futures +0.3%) after yesterday’s 2% falls in the main American and European indices, with the Ibex registering a better relative performance, buoyed by the tourism and defensive sectors. This environment of greater risk aversion and fears about economic growth also translated into additional moderation of IRRs. In the case of Europe, this was also supported by the statements from Villeroy, the governor of…

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interviews

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“All Neighbouring Electricity Markets Have Been At Record Highs For Days. The Rules Are The Same Throughout Europe, And They Are Not Going To Change Them”

Almudena Díez | Red Electrica’s Director -Socorro Fernández Larrea- explains why the current price of electricity in Spain (140€ MW/h) has been at record highs for days: Q: How do you explain to consumers that the system can have such sharp fluctuations in the price of electricity that directly affect their pockets? A: Very easily, by telling the truth, if you like. The problem arises because the price of energy…

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“A Lot Of Things Are Not Defined. We Don’t Know What Is Green, What Is Brown…”

Fernando Rodríguez | “Nor do we know what rules the EBA is going to impose on these issues, or how some of the measures the ECB may take will affect capital ratios. So regulation is making it difficult for us to grow, because of all the limitations and all the capital requirements being imposed on us,” explains Ramiro Mato, chairman of the responsible banking, sustainability and corporate governance committee at Santander Bank: “For example, in Poland 70% of energy still comes from coal, and we cannot stop financing our customers all at once.”

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