Spain still has not a one 1 billion dollars tech company but the financing of high-growth, high-potential and mostly early stage firms shows a persistent positive evolution in Spain as shown by the report Startup Financing in Spain in 2015 published by Webcapitalriesgo.com.
Out of the 33 banks subjected to the Federal Reserve’s stress tests, 31 have passed this year, which means they will be able to increase their dividends and share buybacks. On the other hand, Deutsche Bank and Banco Santander failed the tests due to the Fed’s doubts about their capacity to measure risk.
Natixis AM | People are comparing Brexit to what happened in 2008 at the outset of the Global Financial Crisis. We don’t believe this is a correct comparison. There are some positives that need to be considered. It will be equally interesting to see what the European leaders are going to do now.
Nick Malkoutzis via Macropolis | British voters’ decision to head for the European Union’s exit door will test the EU like never before. Brexit has the potential to unleash not just a wave of consequences that will be damaging economically but also centrifugal political forces that will change the state of the Union forever.
J.L.M. Campuzano (AEB) | It’s the economy! Although the economy was certainly not an issue which weighed on a large part of the vote in the Brexit referendum. And maybe that’s exactly why the outcome took us all by surprise. Are the macro forecasts made prior to the referendum obsolete? I hope not…
Francesco Saraceno | Much has been said, already, and even more will be said in the coming hours/days/weeks/months/years, on Brexit. I have little to add. So here is what I see as a series of notes to self. For those who are already tired of reading pages and pages, I can summarize what follows in a sentence: We should focus more on policies than on institutions.
The majority vote by Britons to leave the European Union (EU) was an act of raw democracy. Millions of ordinary people refused to be bullied, intimidated and dismissed with open contempt by their presumed betters in the major parties, the leaders of the business and banking oligarchy, and the media.
Spain’s conservative People’s Party (PP) has won Sunday’s repeat general elections with 33% of votes and 137 seats. The Socialist party came second with 85 seats, while the coalition Unidos Podemos obtained an upsetting result of 71 seats and third position. Finally Ciudadanos obtained 32. These results came as a surpise as the polls had pointed to a very different outcome. But they provide an opportunity to break six months of political deadlock.
Fernando Rodríguez | Barely 10% of Spain’s 6 listed constructors’ business is generated at home. But problems like the recent cancellation of the real estate plan included in Madrid’s Operacion Chamartin, due to the decision of the city council which is close to Podemos, are all contributing to maintaining the generic perception that they are “Spanish companies” subject to political risk.