J.L. M. Campuzano (Spanish Banking Association) |According to a survey by the Centre for Sociological Investigations (CIS), 71.6% of Spaniards see unemployment as one of the three main problems they face; 36.6% believe it is corruption and fraud; and 29.3% point to politics in general. Just 11.6% of Spaniards mentioned the country’s lack of government.
Would a Spanish housewife buy a hake without looking at its eyes and the colour of its gills beforehand? This question will soon be answered following the alliance reached between US e-commerce giant Amazon and the distribution chain Dia.
J.L.M. Campuzano (Spanish Banking Association) | The private sector in Spain is continuing to reduce debt. Financing for companies and households has fallen an annual 0.7% and 1.7% respectively, according to August data from the Bank of Spain. One might conclude from these figures that there is still restrictions on credit in Spain. But nothing could be further from the truth.
Francisco López | Lately, the Spanish banks are receiving a huge amount of buy recommendations from analysts. Some experts are asking whether there are some sound reasons to bet on banking stocks now, apart from the fact that the majority of their share prices are attractive.
“With the recovery embedded we see greater scope for selective risk, taking on asset management in core locations while also considering opportunities in well connected edge of CBD overflow locations,” Deutsche AM Spanish Real Estate Strategic Outlook notes.
Salaries have been stagnating in Spain for the last six years and this has been a basic reason for the increase in competitiveness and the economy’s recovery.
The number of unemployed people registered with the Spanish unemployment office rose by 22,801 (+0.6%) in September. Even so, the total number of jobless people remained at the lowest level for the last seven years at 3.720.297, according to a statement from the Employment Ministry on Tuesday.
Socimis, or Reits as they are called in Europe and the US, have helped revive the damaged real estate sector in Spain since 2009. Merlin Properties has been one of the most successful ones and was listed by Chairman and founder Ismael Clemente in 2014. In his opinion, that was a good year to start because “the cycle bottomed out at the end of 2013.”
J.L.M. Campuzano (Spanish Banking Association) | Spain’s economy had a funding capacity of 9.021 billion euros in the second quarter of the year, when compared with the rest of the world. But is it a good thing for a country which needs investment in order to create jobs to have financing capacity?
After successive defeats in the general elections over the last four years, the socialist party has ousted its leader. This time round, the dismissal was carried out by force, with an agonising voting process via a show of hands after 12 hours of debate over how and what to vote.