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Spanish economy

SAN BBVA

Spanish economy 30th November 2018

The Metamorphosis Of Spanish Banks: From A Cosy Club To Tough Competition

William Chislett | In the Franco regime and well into the 1980s, the lion’s share of Spanish banking business in a strongly protected and highly profitable market was in the hands of the so-called Big Seven and those banks, affiliated to or associated with them. The Big Seven have morphed over the past 30 years into the Big Two, as a result of a wave of mergers, after Spain joined the European Economic Community (EEC) in 1986.

housing spain

Spanish economy 30th November 2018

House Sales In Spain Reach Maximums In A Decade

The housing market continues to show an intense dynamic. Sales increased 9.7% in September, and drives an accumulated figure of 395,534 operations in the year so far, the largest volume in this period since 2008. Although the vigour is seen in all segments, sales of new houses stand, up 11.5% up to Q318.

XiJinping

Spanish economy 27th November 2018

Xi Jinping Arrives In Spain With “Major Investment Projects And Trade Agreements” Under His Arm

From today until Thursday the President of China, Xi Jinping, is on an official visit to Spain. It is the first visit to Spain by a President of China for 13 years. According to the Ministry of Foreign Affairs, both countries will seek to advance the bilateral relationship in multiple areas, from bilateral political relations, geopolitics, economics and the educational-linguistic area to science, among others.

Forty years of democratic Spain: Haves and have-nots of labour market

Spanish economy 24th November 2018

Forty Years Of Democratic Spain: Haves And Have-Nots Of Labour Market

William Chislett | Spain has moved from a labour market characterised during the Franco regime by heavy state intervention, no free trade unions, the prohibition of strikes and lock-outs, a low female participation rate and paternalistic legislation to one that is flexible, but marked by consistently high unemployment.

TheRock

Spanish economy 22nd November 2018

Will China Take Spain’s Side in Dispute Over Gibraltar?

Andy Mok via Caixin |  President Xi Jinping’s visit to Spain on his way to Buenos Aires at the end of this month will result in the usual and necessary flurry of declarations about strengthening bilateral relations centered on trade as well as discussions on how Spain might support China’s diplomatic initiatives in the EU.

Spain EU membership

Spanish economy 16th November 2018

Spanish Economy After EU Membership: Transformed But Vulnerable

William Chislett | EU and euro zone membership have been hugely beneficial. More than 30 years after joining the EU, Spain was still a net recipient of EU funds. Between 1986 and 2016, the country received €95 billion more than what it contributed (excluding co-funding of EU projects).

How much are Spaniards going to spend next year?

Spanish economy 9th November 2018

How Much Are Spaniards Going To Spend Next Year?

The Spanish economy is entering a more mature phase of the cycle and, therefore, its growth is gradually slowing down to levels that are more sustainable in the long term. In this context, CaixaBank Research wonders what trends can be expected in the main driver of the economy: private consumption. Following are their conclusions.

The Supreme Court decides that customers should pay stamp duty -Spanish banks rise 5%

Spanish economy 7th November 2018

The Mortgage Tax Conundrum in Spain: The Government Corrects the High Court

“Never again Spaniards will have to pay the mortgage stamp duty”. With these words the Spanish president Pedro Sánchez announced a decree law and gave a new twist to the story of who should be responsible for this tax, just a few hours after the Supreme Court decided that it will be the customer’s duty. The way in which the highest court has managed the decision making process puts into question its credibility.