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CarlosCuerpo

In Spain 9th July 2026

Spain proposes issuing €850 billion annually in common EU debt (without European debt, euro cannot rival dollar)

The Spanish Economy Minister, Carlos Cuerpo, will champion an ambitious proposal before his Eurogroup counterparts today to issue up to €850 billion annually in common European debt. The objective: to create a benchmark safe asset for the bloc’s companies, save billions in financing costs, and reinforce the status of the euro. The initiative, which Euronews has accessed, projects an outstanding balance of €5 trillion in just five years if the…

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In Spain, Markets 8th July 2026

New Code of Good Governance to be put out for public consultation before end of year

“On 9 July, we will hold the final meeting of the expert group that has been involved in drafting the code (a group comprising issuers, investors, etc.), and afterwards we will meet with companies and other stakeholders who have not been involved in the drafting process, to hear their views and enable us to put it out for public consultation before the end of the year. The aim is for…

Spain

In Spain 8th July 2026

Fourteen out of fifteen autonomous communities reject new financing model to be approved by government with sole backing of Catalonia

Two autonomous communities governed by the PSOE—Asturias and Castilla-La Mancha—have announced they will vote against the new regional financing system, leaving the Government to attempt to pass it with the support of just a single region, Catalonia, out of the 15 common-regime territories. With this stance, combined with that of the regions governed by the PP, there are now 14 regional finance ministers (consejeros) opposing the new financing model. The…

spain savings rate

In Spain 7th July 2026

Treasury gives Autonomous Communities 15 days to “study and approve” financing system negotiated with Catalan separatists

The Minister of Finance, Arcadi España, wants the first reform of the regional financing system since 2009—for which the State is putting €225 billion on the table—to be studied and approved within fifteen days by the competent multilateral body: the Fiscal and Financial Policy Council (CPFF), where all autonomous communities are represented (the majority of which are governed by the main opposition party, the PP). This is because the affirmative…

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In Spain 7th July 2026

Half of Spanish family-owned businesses have no plans to open up their share capital to third parties

The percentages of Spanish family businesses with no plans to raise capital from third parties or list on the stock exchange over the next decade (49 per cent and 67 per cent, respectively) are well above those recorded across all the countries analysed (36 per cent and 45 per cent, respectively), according to KPMG’s ‘2026 Family Business Report’. Reported by Consejeros Editorial Team The percentages of companies with no plans…

Spain emplyment workers

In Spain 6th July 2026

Absenteeism continues to rise in Spain, with the Basque Country now at 9.4 per cent of agreed hours

The national average has risen by two tenths of a percentage point to 7.2 per cent in Q1 26. By region, the Basque Country leads the national absenteeism figures with 9.4 per cent of agreed hours. It is followed by Asturias (9.1 per cent) and the Canary Islands (8.9 per cent). At the other end of the scale, the Community of Madrid is surpassed only by the Balearic Islands, which…

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In Spain, Interviews 6th July 2026

“Many companies complicate CSRD implementation more than necessary”

Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…

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In Spain 3rd July 2026

E-commerce in Spain exceeds €114.8 billion in 2025, up 20.6 per cent on previous year

Reported by Consejeros Editorial Team E-commerce turnover in Spain rose by 22 per cent year-on-year in the fourth quarter of 2025 to reach €31.418 million, according to the latest e-commerce data from the CNMC. The sectors with the highest revenue were travel agencies and tour operators, accounting for 7.1 per cent of total turnover, and clothing, accounting for 7 per cent. Looking at the number of transactions, more than €575…

Spain tourism

In Spain 3rd July 2026

Tourist arrivals grow by 5% so far this year, spending up 7.8%

According to the Border Tourist Movements Survey (FRONTUR) released by the National Statistics Institute (INE), Spain received 10.3 million international tourists in May, up 9.5% compared to the same month in 2025. In May, the United Kingdom remained the main source market, with nearly 2.2 million tourists, a 6.1% increase compared to May 2025. It was followed by France, with 1.3 million visitors (up 11.1%), and Germany, also with 1.3…

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In Spain 2nd July 2026

Number of unemployed in Spain falls by 28,700 in June, bringing total to 2.3 million

As is customary at this time of year, the decline is due to a reduction in unemployment in the services sector, where the number of unemployed fell by 28,498. By autonomous community, Andalusia is the region with the largest reduction in unemployment. Reported by Consejeros Editorial Team June ended with 28,739 fewer unemployed people registered at Public Employment Service (SEPE) offices, thanks mainly to the fall in unemployment in the…