MADRID | By Carlos Díaz Guell | “It is still necessary the voice of those championing common sense, stronger and more neat state structures, honest politics, innovation and more democracy.”
MADRID | By Ricardo Cantalapiedra | capitalmadrid | A significant body of proof suggests the disasters in the sector were caused not by the institutions itself, but by their executive members. The Bank of Spain will be charged with supervisory powers.
MADRID | What went wrong? Spanish unemployment is closely linked to the shortcomings the reform was unable to cope with: better labour relations and time-contract jobs on a too wide scale.
MADRID | More than 200 businesses in Spain fight back the crisis with at least 20 percent growth rates since 2008. The majority are based in Catalonia and Valencia, with a turnover of between €2 million and €10 million.
The country resists. During the last three years, exports grew at almost the same pace than North America’s, around a 20%.
Are we witnessing a real improvement in Spain’s performance? Some key data point in the right direction. Relentless efforts to streamline public finances are paying off.
VALENCIA | By Jaume I University professor Manuel Illueca | Public entities are convenient at some times, when credit is unavailable, but they cannot turn once more into financial institutions separated from economics logic or into rogue organisations.
“The Spanish trade balance shows that Spanish companies have the capacity to find alternative markets when the usual domestic clients slow down their demand,” Bankia Bolsa explained in a report.
Spanish Minister of Economy Luis de Guindos gave some hope on Tuesday to the 80,000 Bankia customers stuck on preferred shares and subordinated debt: an arbitration process will be in place in those cases where there had been bad practice. Two other nationalized banks (Novagalicia Banco and Catalunya Banc) are using the same procedure so their clients will be able to get back at least 60% of their money.
MADRID | Catalonia’s economy might head for rough times as investors flee from political uncertainty and the danger extremists might take over. CiU leader Artur Mas is heading for disaster.