Julia, Author at The Corner

Articles by Julia

Spanish economy 24th May 2022

Government, Trade Unions Agree On Record Offer Of Public Employment, With Almost 30,000 Vacancies

The Ministry of Finance and Public Administration reached an agreement with the trade unions on Monday to launch the largest public employment offer in the history of the General State Administration, with 29,578 vacancies. As reported by the Independent Trade Union and Civil Servants (CSIF), the General Union of Workers (UGT) and Comisiones Obreras (CC.OO.), the negotiated offer does not include the State Security Forces and Corps, the Armed Forces…

Spanish economy 19th April 2022

Spain Has Executed Less Than A Third Of The European Recovery Funds, Some 6.5 Bn Euros, According To FEDEA.

FEDEA (Fundación de Estudios de Economía Aplicada) analyses existing information on the implementation and execution of investment projects and aid programmes included in the Recovery Plan (RP) and financed by the EU’s Recovery and Resilience Mechanism (RRM). So far, programmes and projects representing about one third of the planned expenditure have been launched, but with significant differences between headings. Of the 24 billion of RRM funds budgeted for 2021, 20…

European economy 31st March 2022

Inflation In Europe: From 5.1% In France Or 5.5% In Portugal To 9.8% In Spain… To 13.9% In Lithuania

It is true that there are economies in the eurozone with greater problems than Spain’s and whose prices are much higher, such as the three Baltic republics – Lithuania (13.9%), Estonia (12.4%) and Latvia (8.9%) – as well as Belgium (9.6%) and Slovakia (8.2%). But the rest are on a par… or below. In Germany, year-on-year inflation is already at 7.3% after rising 2.2 points from February. It is the…

World economy 18th March 2022

What Does China’s 2021 Energy Crunch Mean For Its 2022 Macroeconomic Outlook?

Alicia García Herrero (Natixis) | Even with more than two years after the first outbreak of COVID-19, China, as well as the rest of the world, still faces the impact of the pandemic. While the economy has surged from the bottom since the middle of 2021 after China’s successful containment of the domestic spread of the virus, the recovery’s momentum has slowed down quite rapidly, especially since the second quarter…

Spanish economy 15th March 2022

The Unbearable Taxation Of Fuels

Fernando González Urbaneja | Inflation is reaching unimagined and growing levels. From a cyclical episode last summer, it has become structural, with fuels (oil and gas) as uncontrollable accelerators. On the one hand, there is the direct effect of increases in electricity (affected by gas) and natural gas prices, and also of fuels (petrol and diesel) linked to the price of a barrel of oil. The direct impact of these…

Russian invasion of Ukraine has begun as Putin039s tanks roll

European economy 23rd February 2022

European Bank Exposure To Ukraine Manageable But Second-Round Effects Could Be Material

Marco Troiano (Scope Ratings) | At the end of September 2021, the combined exposure of BIS reporting banks to Ukrainian residents stood at USD 13.5bn gross of risk transfers, with French and Austrian banks accounting for about half of the total. This does not pose any credit concerns. Only a handful of European banking groups maintain a meaningful local presence, including Raiffeisen’s Bank Aval, BNP Paribas’ Ukrsibbank, and PKO’s Kredobank. While…

World economy 26th January 2022

Metaverse: The next Internet reality

Capital Group |The term metaverse has become, almost overnight, a buzzword due to Facebook’s name change to Meta to focus on its new mission: bringing the metaverse to life. Before the hype generated by this announcement, most people barely understood the term. But anyone who has experienced virtual reality or augmented reality will have been somewhat familiar with the metaverse.So what is the metaverse and how can we define it?…

Spanish economy 27th December 2021

“Repeal” of Spanish Labor Reforms Is Limited

Nick Ottens (Atlantic Sentinel) | Spanish employers and trade unions have done a deal with Pedro Sánchez’ socialist government to overturn several labor reforms of his conservative predecessor, Mariano Rajoy. I argued against repeal. Rajoy’s liberalizations helped bring down unemployment, from a peak of 26 percent to 14 percent before the pandemic, and encouraged business growth. They allowed companies to opt out of collective bargaining agreements and expanded trial periods….

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