In Spain

AirefCristinaHerrero

AIReF urges Government to initiate procedures to have, after two years, a General State Budget

“Not even the ministerial order to start preparing the Budgets has been given,” warned Cristina Herrero, president of the Independent Authority for Fiscal Responsibility (AIReF), highlighting the lack of reliable deficit and debt forecasts for next year, as well as non-financial expenditure. “None of the necessary milestones for the Budgets that should already be underway have been met at this time,” Herrero warned, with the added uncertainty of defense spending…


Europarlament

European Parliament Accuses Sánchez of ‘Preventing’ European Electoral Law from Taking Effect Due to ‘His Investiture Pact with the PNV’

The new European electoral law requires countries with more than 35 MEPs, like Spain, to establish a minimum threshold of 2% to 5% of votes to be allocated seats in European elections. Spain is the only EU Member State that has not incorporated this European electoral reform into its legislation, despite Pedro Sánchez’s debut as Spanish President and member of the European Council in June 2018, where he approved this…


Spain's Social Security

Pedro Sánchez Breaks Up Social Security by Handing Over Unemployment Benefit Payments to 44,700 Basques to PNV

Today, President Pedro Sánchez will break with the principle maintained by all Spanish governments to protect Social Security from nationalist demands for its fragmentation. In the meeting starting at 5:30 PM in La Moncloa, delegations led by Sánchez and the Basque Lehendakari, Imanol Pradales, will address the transfer of unemployment benefit and unemployment subsidy payments. This executive capacity will mean that the 29,335 Basques receiving unemployment benefits, plus the 14,472…


The short-lived Republic of Catalonia

Government Negotiates “Unique Funding” with Catalonia Today

The Bilateral Government-Generalitat Commission is meeting today in Barcelona. This meeting has socialists in many regions holding their breath, as it will address the so-called “unique funding” for Catalonia. An agreement is expected to advance Catalonia’s tax management of personal income tax (IRPF). The pact signed last year between the PSOE and ERC involves giving the Catalan government the management, collection, settlement, and inspection of taxes obtained in Catalonia, a…


abertis–acs autopistas

ACS, Ferrovial and Acciona face potential additional costs of up to €500 million due to end of tolls on motorways

Norbolsa | The government will return 1,000 kilometres of toll motorways to public management in December 2025, after 19 years under private concession. Construction companies such as ACS, Ferrovial and Acciona face potential additional costs of up to €500 million to comply with the standards required by the Ministry. In principle, the government should deliver the reports to the concession companies with the action plan this month, and the companies…


bbva sabadell

EC finalising infringement proceedings against Spain for additional conditions imposed by government on BBVA’s Sabadell takeover bid

Link Securities | The European Commission (EC) is finalising the opening of infringement proceedings against Spain for the additional conditions imposed by the government on BBVA’s takeover bid for Banco Sabadell (SAB), as it considers that the government has overstepped its powers and that its actions are contrary to the free movement of capital. and will therefore take measures before the summer break that could eventually escalate to a complaint…


Espana Bandera Mapa

Brussels Warns of “High Risk of Corruption” in Public Contracts in Spain

“Public procurement tenders, political party financing, and public infrastructure projects in Spain are key sectors with a high risk of corruption in Spain.” This is the verdict of the 2025 Rule of Law Report, published yesterday by the European Commission, which comes amidst a government crisis, precisely, due to corruption. The warning is not new, but its seriousness appears to be escalating. 40% of Spanish companies believe that corruption has…


sanchez ursula

Brussels Freezes Over €1.1 Billion from Spain’s Fifth Next Gen Payment Due to Unmet Tax Reform

Ursula von der Leyen’s European Commission has cut €1.1 billion from the fifth payment of Next Generation EU funds to Spain. This payment, which totals €23 billion (€8 billion in grants and the rest in loans), has been reduced because Spain lacks the votes in Congress to pass measures like the diesel tax increase—intended to equalize it with gasoline prices—one of the key reforms demanded by Brussels. This comes despite…


utilities electricas

Utilities: draft financial remuneration rate for networks set at 6.46%; comments allowed until 4 August

Renta 4 | On Friday, the Spanish regulator CNMC published a consultation on the methodology for calculating the financial remuneration rate for electricity transmission and distribution activities, and natural gas regasification, transmission and distribution, and establishes the financial remuneration rate applicable to electricity transmission, system operation and distribution activities in the 2026-2031 regulatory period. The draft financial remuneration rate is 6.46%. A period for comments is now open until 4…


PP

XXI PP Congress: Feijóo Offers to “End the Nightmare” of Pedro Sánchez

Acclaimed by all attendees and with 99% of the votes, Alberto Núñez Feijóo was re-elected as the Secretary-General of the PP this weekend. But the political news from the XXI PP Congress is that Feijóo pledges not to govern in a coalition with Vox, not to make pacts with “this PSOE,” and not to “submit” to the nationalists. In other words, he intends to govern alone. “I don’t want to…