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Spanish economy

Spain housing market

Spanish economy 26th November 2019

In Spain an adjustment can be expected but not a collapse of the housing market

C. Ocaña and R. Torres (Funcas) | After several years of recovery, Spain housing market shows signs of deceleration, opening a debate about whether this is the prelude to the outbreak of a new bubble. At present there is no real estate bubble in Spain and, therefore, the effects of the slowdown in the real estate sector itself and in the rest of the economy will be limited. In other words, in the current scenario, an adjustment can be expected but not a “flat tire” of the real estate sector.

jose elias

Spanish economy 26th November 2019

“Launching a photovoltaic power station requires three years”

Julia Pastor | Chairman and Owner with 90% of the capital of the Spanish energy firm Audax Renovables José Elías regrets that the whole industry has made a terrible mistake. “We were able to generate all that photovoltaic energy and we were able to develop an industry around that, but we screwed up, ruining a lot of citizens. We could not have acted worse,” he reckons. 

spain fun wheel

Spanish economy 25th November 2019

Business in Spain at a glance

Círculo de Empresarios | In Q3 2019, the Competitiveness Trend Index 1of Spain fell by 0.8% in comparison to the EU-28. This confirms that, since January, the competitiveness via prices of the Spanish economy has improved due to the moderation of the CPI (0.1% interannual in October).

pedro sanchez pablo iglesias

Spanish economy 18th November 2019

A poker game to make a government

Fernando G. Urbaneja | Spanish politics has become a poker game that has to conclude with the withdrawal of some players to abstention (nationalists) and the sum of favorable cards from others (the left) against the rights. Some variations fit, but they are very unlikely. And another failure that would lead to new elections in 2020 would be possible. But that seems like a catastrophic outcome for all.

sancheziglesias TC

Spanish economy 13th November 2019

Pedro Sánchez chooses the left

Fernando G. Urbaneja | Pedro Sánchez, relative winner of the elections (with fewer votes and seats) has chosen the less rugged path to his investiture and to remain in power. He is returning to the original plan, that of the censure vote in June 2017 which allowed him to replace Rajoy. The pact with Iglesias was impossible in the last legislature (from May to June), which passed through months of mutual reproaches. Today it came about in an afternoon; a conversation in the Moncloa between Pedro Sanchez and Pablo Iglesias renewed the model of the pact to remove Rajoy with the argument of creating a “progressive” government, the key word which avoids other more precise words, like a government of the left.

spain congress

Spanish economy 11th November 2019

Spain election: a sad and brief socialist victory

Juan Luis Manfredi (The Conversation) | The elections in Spain do not represent a second round nor a referendum or a presidential test. They cannot be compared to those of last April 28 despite the strategic over-action of political leaders. The socialist party had too much confidence on their advisors, the CIS public research institute poll and a social media-based campaign. 

sanchez

Spanish economy 11th November 2019

Spain without a government

Fernando G. Urbaneja | If governance in Spain was difficult before and leaders apparently lacked the ability of forming stable alliances, now the picture is even more complicated. All leaders except far right party VOX and nationalists have failed, although no one admits it nor takes responsibility.