Spanish economy


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The PP will control €7 out of €10 of Spain’s public spending

By Julia Pastor, in Madrid | Mariano Rajoy’s People’s Party has won the most crushing absolute majority of its history, with 186 seats out of the total 350 of the Spanish Parliament (in 2000, former president José María Aznar achieved 183). On Monday, analysts of the financial City of Madrid expressed their opinions about this shift in the political scene. “The elections results were already expected by the markets, since…


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The Ibex 35 'blue chips' according to Expansión

The Spanish finance newspaper Expansión reviewed in its Monday’s edition some of the Ibex 35’s ‘blue chips’. The leading companies of the index have fallen 25% on average since early 2007, more than their European counterparts. Investment advisers claim many big funds have removed them from their portfolios due ​​to the peripheral tensions, but their managers have not taken into account that Spain’s ‘blue chips’ stand out against their competitors because…


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The Ibex 35 ‘blue chips’ according to Expansión

The Spanish finance newspaper Expansión reviewed in its Monday’s edition some of the Ibex 35’s ‘blue chips’. The leading companies of the index have fallen 25% on average since early 2007, more than their European counterparts. Investment advisers claim many big funds have removed them from their portfolios due ​​to the peripheral tensions, but their managers have not taken into account that Spain’s ‘blue chips’ stand out against their competitors because…


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Spanish tourism industry generates more revenue than in 2007

MADRID | Tourism in Spain has overcome the crisis and is experiencing its fourth best year. The sector is expected to close with 57 million foreign tourists and an 8% increase in spending. Its revenues now exceed the €1.5bn obtained in 2010: 14% more than in 2007 and 2008. Secretary general of domestic trade and tourism, Joan Mesquida, said in an interview with Europe Press: “We are quite far from the…


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Enel Green Power's Francesco Starace: "Spain is five years ahead in renewables"

Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated,  celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…


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Enel Green Power’s Francesco Starace: “Spain is five years ahead in renewables”

Since its inception in 2008, Francesco Starace is Enel Green Power or EGP's CEO. On Thursday, the holding company, which has a Spanish branch with Endesa's renewable assets integrated,  celebrated its first anniversary on the stock market. Francesco Starace's comments about the sector in Spain are, to say the least, jarring, so we have selected (and highlighted) a few of his answers to an interview published in the financial newspaper…




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Gracias, Standard&Poor's…

President José Luis Rodriguez Zapatero received an unexpected gift a day after national celebrations had offered him the chance to claim Spain's singularity. Risk agency Standard&Poor's announced in Thursday's last minutes that it had downgraded the Spanish sovereign debt qualification to AA-, from AA. S&P's analysts enumerate a few reasons for their decision: “high unemployment, tighter financial conditions, the still high level of private sector debt, and the likely economic slowdown in…