In Spain

Judges

European Commission Questions Amnesty Before EU Court: “It Appears to Be a Self-Amnesty, Part of the Agreement for the Government’s Investiture”

The amnesty granted by the Spanish Government to Catalan independentists to secure Pedro Sánchez’s investiture is becoming complicated in the European Union. The European Commission is challenging it before the Court of Justice of the European Union and recommends that the court rule against the government’s position on most points raised by the preliminary question submitted by the Court of Auditors. According to a 36-page document reported by El Español,…


bbva sabadell

“Sabadell is not a fundamental and irreplaceable operator” concludes CNMC in analysis of BBVA’s takeover bid

Link Securities | The National Markets and Competition Commission (CNMC) concluded in its April report on BBVA’s (BBVA) takeover bid that Banco Sabadell (SAB) “is not a fundamental and irreplaceable operator” in the world of SMEs, and that it is losing market share in this business, according to Expansión and the Efe news agency on Friday. For more than eleven months, the CNMC analysed the impact that the acquisition of…


PP

Thousands Protest Against “Government Mafia” and Demand Elections

One hundred thousand people, according to the Popular Party (PP), which organized the rally, and 50,000 according to the government, the target of the protest, gathered yesterday in Madrid’s Plaza de España to protest against the ongoing institutional degradation and demand immediate elections. As the PP leader stated, “No one voted for him to do this.” “This” refers to the grotesque spectacle that has been dominating the front pages of…


Spain defence spending

Spain Refuses NATO’s Demand to Increase Military Spending to 5%

Spain’s categorical refusal to invest more than 2% of its GDP in defense has sparked “discomfort” and “frustration” among NATO allies, especially those more committed to Europe’s defense. While other allies are in a similar situation, and the North Atlantic Treaty Organization is aware of this, there has not been such a firm rejection of investing more than 2% in defense. This comes even after NATO Secretary General Mark Rutte…


bbva sabadell

Pedro Sánchez, “between a rock and a hard place” in BBVA’s takeover bid for Banco Sabadell

Alphavalue/DIVACONS | “An unwanted headache for Prime Minister Pedro Sánchez”. This is how Bloomberg describes the government’s attempts to stop BBVA’s takeover bid for Banco Sabadell. According to the US media outlet, opposing the takeover “seemed like an obvious decision” when it was announced a year ago. However, Bloomberg quotes sources close to Sánchez as saying that the president “is caught between a rock and a hard place, looking for…


poverty

Poverty in Spain: 12.5 million suffer deprivation, 4.1 million very severe, 34% of children at risk of poverty

“Child poverty is a significant structural challenge that undermines upward social convergence and future competitiveness. More than one in three children are at risk of poverty or social exclusion.” Brussels confirms this harsh reality in its report on Spain for the European Semester, published yesterday. Eurostat data indeed shows the rate reaching 34%, and furthermore, no other Eurozone country surpasses the Spanish figure. The second is Greece, with a figure…


turismo playa

Spain receives 8.6 million international tourists in April, 10.1% more than same month last year

Link Securities | According to the Statistics on Tourist Movements at Borders (Frontur), published by the National Statistics Institute (INE), Spain received 8.6 million international tourists in April, 10.1% more than in the same month of 2024. The United Kingdom was the main country of residence, with more than 1.6 million tourists and an increase of 11.1% compared to April 2024. From Germany came 1.3 million (up 13.7%) and from…



Judges

Amnesty is constitutional because not expressly prohibited, according to high court

The draft of the ruling on the amnesty that the magistrates appointed by the PSOE are going to approve in the Constitutional Court has now been revealed. After mentioning the word “reconciliation” 14 times – curiously, since yielding to Puigdemont’s blackmail has divided Spanish society in two – the rapporteur of the ruling, Inmaculada Galván, adopts Sánchez’s discourse – who always maintained that amnesty did not fit within the Constitution,…


ArcelorMittal

Tariffs on steel and aluminium up from 25% to 50%: negative for ArcelorMittal, positive for Acerinox

Bankinter | US President D. Trump announced that he will raise tariffs on all steel and aluminium imports from all countries from 25% to 50% as of Wednesday 4 June. The 25% tariff was set on 12 March. Analysis team’s view: This increase comes days after a US International Trade Tribunal called into question reciprocal tariffs, but not sectoral tariffs. This new sectoral tariff increase complicates ongoing negotiations with many…