employed spain

Spain Creates 464,900 Jobs In Second Quarter 2021

The 2Q 2021 unemployment rate stood at 15.26% against 15.98% in the previous quarter, according to data released today by Spain’s National Statistics Institute. The activity rate improves to 58.6% quarter-on-quarter. On the other hand, the number of jobless people decreases to 3.5 M (-3% q/q), while the number of employed people increases by +464,900 to 19.7M (+2.4%).

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TheRock

Britain Walks Back Commitment to Gibraltar

Nick Ottens (Atlantic Sentinel) | It agreed to put Gibraltar in the Schengen Area to avoid the need for border controls… Did the British not read the fine print when they signed their Brexit deals? Not only do they regret agreeing to a lay a customs border down the Irish Sea to avoid the need for passport checks and inspections of goods on the Ireland-Northern Ireland border; they also have…

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merchbank

Commodities

Commodities Had Their Best Quarterly Performance In A Decade

WisdomTree | The Bloomberg Commodity Total Return (BCOM TR) Index posted its third consecutive month of gains in June 2021, capping the quarter with a 13.3% q-o-q gain, the strongest since Q4 2010. Demand for commodities is rising as pandemic era restrictions are being lifted, while bottlenecks are providing supply challenges. Not all commodity sectors performed equally in the reporting month (which ended 16th July), with precious metals sliding 3.6%,…

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interviews

ramiro mato

“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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Nobuhiro Kiyotaki

“Modern Monetary Theory Has A Weakness: Nominal Government Bond Rates Are Not Always Low”

Pablo Pardo (Washington) | Nobuhiro Kiyotaki, Princeton professor and BBVA Frontiers of Knowledge Award winner, says: “As public debt grows, rates tend to rise, until they are close to those of private debt, which are higher than the rate of GDP growth. The spreads on public and private debt are not immutable over time and, paradoxically, some people seem to think that this is the case, that the coupon on…

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