In Spain

spanish PM pedro sanchez

Sánchez, to be elected president today, justifies amnesty: “the circumstances are what they are”

Just one piece of information: imagine what Pedro Sánchez’s investiture speech was like yesterday when, at the end of his speech in Parliament, the journalist from El País, the Sanchista newspaper par excellence, acknowledged that “she would have preferred a less divisive speech”. Half of his speech was devoted to building a wall against the 171 MPs who will not support his investiture today, against the PP which, according to…


PSOEJUNTS

PSOE and PP former ministers and senior officials sign manifesto against amnesty, “a fracture of basic principles of the rule of law”

Former ministers, former presidents of Congress and the Senate and former senior officials of the PSOE and the PP have signed a manifesto against the amnesty and the investiture pacts of Pedro Sánchez in which they consider that they represent “a fracture of basic principles of the rule of law”.The text has been signed by eighteen ministers, most of them from the PP and UCD, but also including socialists such…


inflacion eurozona

Final Spanish inflation figure for October confirmed: 3.5% headline and 5.2% core

Bankinter : October’s final CPI is confirmed at +3.5% year-on-year preliminary and equal to the previous one. The Underlying figure moderates to +5.2% year-on-year, in line with the preliminary announcement and from +5.8% previously. On a month-on-month basis, the anticipated data are also confirmed; the headline rate rises +0.3% year-on-year and the core +0.4% year-on-year. Assessment: The final data confirms a positive evolution in October, as the preliminary data already…


ManifestacionCibeles

Proposed amnesty law: “The government talks of “concord” and what it generates is discord”

“The Government talks about “concord” and what it generates is discord, promoting its amnesty against half of the country”, explains El Mundo in its editorial today, entitled “A monument to the arbitrariness of power”. And it explains that “The Amnesty Bill registered by the Socialist Group in Congress is the greatest example of arbitrariness and the consecration of institutional lies that our country has known in recent decades. The primary…


Cepsa

Cepsa buys Ballenoil’s 220 low-cost petrol stations

Cepsa, with a 12% market share, only behind Repsol (25%), has announced the purchase of the Spanish leader in low-cost petrol stations, Ballenoil (with sales of 470 million in 2022 vs. 300 million in 2021) for an undisclosed amount, which investment analysts estimate at around 300 million. Cepsa, the energy company controlled by Mubadala and Carlyle, will thus exceed 2,000 petrol stations on the Iberian Peninsula, more than 1,500 in…


naturgy

Supreme Court authorises Naturgy to temporarily close five gas-fired power plants but rejects compensation

Link Securities | As reported on Friday by the digital newspaper Bolsamania.com, the Administrative Chamber of the Supreme Court (SC) has authorised the temporary closure of the combined cycle power plants of Palos de la Frontera 1 and 3, Cartagena group 2 and 3, and Sagunto group 3, under the terms contained in the application filed on 25 May 2017 by Naturgy (NTGY) with the Administration. However, the SC has…


SpainConstitucionalCourt

Changing the Constitution via a bill arouses misgivings in Brussels

José Carlos Díez explains that last week the investiture session was resolved. The result of 23 July was uncertain and required an agreement with Junts and the complexity of negotiating with its leader in Brussels, where he has been on the run from justice since 2017. Since 1993 we have been accustomed to negotiations of this type to form majorities. However, there are two nuances that differentiate the current situation:…


PSOEJUNTS

Demonstrations throughout Spain to protest against PSOE deal: amnesty for Sánchez’s investiture

Spain is baying against the Amnesty Law that Pedro Sánchez has agreed with the Catalan pro-independence supporters in exchange for his continuance in the Moncloa for four more years. Hundreds of thousands of people, called by the PP, gathered in all the capitals of Spain’s provinces to condemn the concessions that Pedro Sánchez’s PSOE has agreed to with the pro-government leaders of Catalonia and the Basque Country in order to…


Puigdemont

PSOE-Junts: The inconsistency of an (allegedly) historic agreement

Fernando González Urbaneja | If we look at the first versions of the PSOE-Junts agreement, we are faced with a historic event that aims to resolve a conflict that dates back three hundred years. An agreement drawn up on the basis of mistrust between the parties and full of misgivings and more than a few ambiguities. The supporters of the agreement, in their first approximations, say that all’s well that…


Captura de pantalla 2023 11 09 a las 22.18.42

PSOE-Junts agreement includes international mediator, amnesty from 2012, negotiating referendum and total handover of taxes

The pact reached between the PSOE and Junts for the investiture of Pedro Sánchez involves a cession of the socialists in everything demanded by the Catalan ex-president Carles Puigdemont, fugitive from justice. It includes an international mediator who “has the functions of accompanying, verifying and monitoring the negotiation process and the agreements” and will grant amnesty for crimes related to the procés since 2012, before the November 9th consultation in…