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Spanish Politics 4th July 2022

Sánchez: There Is A “Conspiracy Of Dark Powers” That Wants To “Overthrow” The Government

In Spain “there are dark powers” that try to boycott the government because it is “annoying”, “uncomfortable”. These powers “yearn for an old order”. And they have “media and political terminals”, which they do not hesitate to use to “demobilise the electorate” and “strike” at the coalition government, until “the progressives give up”. We do not know their faces, but they are “gentlemen with cigars” meeting in the “cenacles of…

supermercadoTC

Spanish economy 1st July 2022

Spaniards Start To Use Savings To Make Ends Meet

Spanish households placed their savings rate in the first quarter at -0.8% of their disposable income, thus registering their first negative rate since the first quarter of 2019. In the previous quarter, the household savings rate was 8.3%, the National Statistics Institute (INE) reported on Thursday. The fall in the household savings rate to -0.8% is due to the fact that they spent more than they earned. Thus, their disposable…

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Spanish economy 30th June 2022

Change And New Regulation In The National Statistics Institute. It is Necessary To Measure As The Government Wants

Juan Rodríguez Poo presented his resignation as President of the National Statistics Institute (INE) on Monday, after months in which the Government has publicly questioned the work and methodology of the Institute.European regulations do not allow for public recommendations by the Government on the indicators to be measured by the Institute. As, for example, those made by the First Vice-President, Nadia Calviño, on the use of the so-called “daily GDP”….

inflation board

Spanish economy 29th June 2022

Inflation Soars To 10.2% In June, The Highest In 37 Years

The CPI shot up 1.5 points in June, closing at a year-on-year rate of 10.2%, according to the INE’s leading indicator. This is the highest inflation in 37 years, since 1985, surpassing both the 8.7% figure recorded in May and the previous high of 9.8% in March. Gasoline and food products were responsible for the rise in prices, according to the INE, which, as this is a first estimate, does…

Biden Sanchez

Spanish economy 29th June 2022

Sánchez And Biden Seal “The Rota Pact”: More Ships And More Marines In Exchange For Investment

The war in Ukraine has changed everything. So has the relationship between Spain and the United States. The ‘Rota Pact’ has been key for Biden to speak of Sánchez now as a “friend” and for the two to exchange confidences. But it has not been easy to make concrete. Months, even years, of work have been done behind the scenes on this 180-degree turn in Spain’s relationship with the United…

Indra

Spanish economy 29th June 2022

SEPI’s Takeover Bid For Indra Would Cost 1.2 Billion Euros

“The Spanish government’s takeover of Indra is going to put the Comisión Nacional del Mercado de Valores (CNMV) on the spot, as the outcome could have a high cost for Spanish taxpayers. At first glance, it seems obvious that there has been an agreement between shareholders holding more than 30% of the capital of the technology and defence company to overturn its board of directors,” explains the daily Expansión, which…

Mediaset and Netflix

Spanish economy 28th June 2022

Media Terminals, Myth Or Reality?

Fernando González Urbaneja | I will not be so naïve as to hold up the impartiality, objectivity, neutrality, independence… of the media and journalists. Too many years in the profession to remain trapped in that angelic vision. We are not neutral and independence goes by neighbourhoods, topics and times. Each media outlet, each journalist has his/her preferences, biases, sympathies (and antipathies that may not be very bearable) in more or…

Sanchez Biden

Spanish economy, Spanish Politics 28th June 2022

NATO Summit: Sánchez To Meet With Biden Today At La Moncloa

Prime Minister Pedro Sánchez will finally receive the President of the United States, Joe Biden, this Tuesday at the Moncloa Palace. This will be with a view to staging what the Executive has endeavoured to ensure is a solid bilateral relationship after the failed meeting a year ago that ended in a brief chat lasting barely 30 seconds. The US president is travelling to Madrid for the NATO summit, an…

spanish PM pedro sanchez

Spanish Politics 27th June 2022

Institutions De-Legitimised, Democracy Broken Down

Fernando González Urbaneja | The most striking aspect of the Prime Minister’s speech on Saturday was his assertion that the judiciary (Constitutional and CGPJ) is delegitimised because the PP does not accept the terms proposed by the government. To top off the accusation, Sánchez argues that the PP, by not renewing, violates the Constitution. The political history of the PSOE led by Sánchez insists on pushing the opposition, the PP,…

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Spanish economy 27th June 2022

Sánchez’s Second Anti-Inflation Plan Comes Into Force Today

The package of measures – valued at 9 billion euros and approved last Saturday by Pedro Sánchez’s government – to contain the impact of the inflationary spiral, comes into force today. The Royal Decree, with measures ranging from pensions to the butane cylinder, electricity generation and the gas market, was published in the BOE yesterday, Sunday. This was just hours after being announced by the Prime Minister following an extraordinary…