Spain is well on track for another record tourism year after welcoming 36.3 million tourists in the first half of 2017, a 11.6% increase from a year earlier, according to the Tourist Movement on Borders (Frontur) survey, released by the National Statistics Institute.
José Luis M. Campuzano (Spanish Banking Association) | The markets are discounting that in the next few months we will see greater certainty in monetary normalisation strategy. The start of the Fed’s balance sheet adjustment can also provide the rest of the central banks with information on the reversion of quantitative measures.
Nick Ottens via Atlantic Sentinel | Brexit and Trump may have made Europeans realize bad things can happen — and shocked them out of their complacency.
José Luis M. Campuzano (Spanish Banking Association) | The key to monetary normalisation for many people is the moderate evolution of inflation. That said, it’s also important monetary policy adapts to the potential impact of technology developments on inflation.
Are Scotland and Catalonia willing to do what it takes to achieve independence? In 2007, the Scottish National Party launched a proposal of holding a referendum over Scotland’s independence. In 2009, some activists detached from mainstream Catalan parties launched the same proposal in Catalonia and actually held unofficial referenda that drove more than a million people to the polls voting overwhelmingly for independence.
There is still no definitive take on what happened between January 25, 2015, when SYRIZA was elected to power and July 13, when Tsipras agreed a bailout deal he had insisted he would never sign. Former Finance Minister Yanis Varoufakis has provided his interpretation of the events in his book, Adults in the Room.
via Atlantic Sentinel | The 2016 election was a turning point in American history. Cultural, political and regional differences have become so vast that the American political system is becoming unsustainable.
Fernando Rodríguez | In just three years real estate firm Colonial moved from being on the brink of bankruptcy to the preferred stock to capitalize the announced and definitive recovery of the property sector. After joining the Ibex35 and changing into a Socimi, the company’s appeal to investors has increased.
This month is the 20th anniversary of the start of the Asian Financial Crisis. Over these two decades, Asian economies have changed a lot: in 1997, Chinese GDP was around $780bn, about the same size as Switzerland. Last year, the Chinese economy grew by more than that amount.
Spanish labour market hits a new record: less than four million jobless people for the first time since 2008, according to Q2 Labour Force Survey. Figures of unemployment dropped by 340.000 between April and June to 3,914,300 people, therefore reaching a rate of 17.22%. Employment grows by 375,000 new jobs; working population increases to 18.81 millions.