Business News & Financial News

In Spain 16th July 2025

European Parliament Accuses Sánchez of ‘Preventing’ European Electoral Law from Taking Effect Due to ‘His Investiture Pact with the PNV’

The new European electoral law requires countries with more than 35 MEPs, like Spain, to establish a minimum threshold of 2% to 5% of votes to be allocated seats in European elections. Spain is the only EU Member State that has not incorporated this European electoral reform into its legislation, despite Pedro Sánchez’s debut as Spanish President and member of the European Council in June 2018, where he approved this…

European economy 15th July 2025

German Senate definitively approves €46 billion tax exemption package

Bankinter | The German Senate (Bundesrat) has definitively approved the €46 billion tax exemption package (approximately 1.1% of GDP). The stimulus measures include a reduction in corporate tax of 1% per year from 2028 (from the current 15% to 10%, not including the extra local tax, which varies between 14% and 17%) and deductions for the purchase of new machinery and other equipment. Bankinter analysis team’s view: Good news. These…

In the World 16th July 2025

US announces 30% tariffs on EU starting 1 August; EU keeps door open for negotiations

Bankinter | The US will impose 30% tariffs on the European Union. They will come into effect on 1 August. The tariff will apply across the board to European products imported by the United States. From Europe, Von der Leyen maintains a constructive tone and leaves the door open for further progress in negotiations, while preparing countermeasures. On the same Saturday, the United States also imposed a 30% tariff on…

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

“Fifteen years ago, the European economy was larger than that of the U.S. Today, the U.S. economy is one and a half times that of Europe”

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

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