Spain is better off without a new budget
Many argue that Spain lacks a proper government, with the one in office proving unable to secure parliamentary backing for the 2018 general budget.
Spanish economy
Chinese Investment In Spain: Open For Business, But Not At Any Price
Mario Esteban and Miguel Otero-Iglesias | As in many other European countries, Chinese investments in Spain have increased spectacularly over that past years. Nonetheless, there has not been a public or political debate around the topic, and even less a thorough reflection by the government, the media and the academic community at large about the implications of these investments.
Spain Banks In 2018: Growing Gross Lending For First Time Since 2010; Attentive To 12-Month Euribor
Spain banks 2017 results confirmed that last year was one of transition for the interest margins. Looking to the future, the pillars of the banking sector’s strategy will continue to be the reduction in problematical assets and the improvement in profitability, within a context where a sustained recovery is still pending (average ROE in 2017 of 7%, on a par with 2016).
Pensions In Spain: A Bleak Outlook
It seems obvious that the most sensible thing to do with respect to retirement is to try to save something and invest it well to complement the meager pension which, foreseeably, the State will give us when we retire.
Spain’s Banks Only Have About 35% Of Toxic Assets Left To Eliminate From Their Portfolios
Toxic, unproductive or problematical, or however you want to call those assets which were the ruin of the Spanish banks, are not easy to get rid of. Assets linked to the property bubble reached over 300 billion euros at the worst point of the crisis, between 2011 and 2012. But thanks to the lenders’ huge efforts, the last official figure from the Bank of Spain stands at 190 billion euros.
Spanish Households Income Is Still Below 2008 Levels Against Other EU Countries
A report from the European Commission published on Monday said that Spanish households’ gross available income was still below 2008 levels up to the first half of last year, in comparison with other EU countries’.
Spanish Soccer In Chinese Hands: OrientHontai buys 53.5% of Mediapro
Last October the Chinese investment fund Orient Hontai agreed to buy a majority stake in Spanish sports rights group Mediapro for $1 billion in order to change the Asian country into a global soccer powerhouse. Today the deal has been materialised and Orient Hontai officially become new owner of the Spanish soccer championship usually known as la Liga, Europe’s third-richest league.
Spain’s High-Speed Train Moves A Step Forward With A New Low-Cost, ‘Intelligent’ Service
In 2020, rail passenger traffic will be opened up to the competition in Spain. Looking ahead to this situation, Renfe will launch a new low-cost, intelligent AVE high-speed train. This will be called EVA and it will have all the new technologies, while tickets will be between 20% and 25% cheaper.
The Second Economic Transition For Spain
New generations favouring autonomy and independence are calling for a second transition: democratic or economic? Or a mix of both?
Spain’s Price Competitiveness Worsened In 2017 Compared With The OECD, BRIC Countries
Spain ended 2017 with a loss of price-competitiveness at an accumulated level in comparison with the EU (0.8%), as well as with the OECD (1.5%) and the BRIC countries – Brazil, Russia, India, China and South Africa – (0.5%), according to the Index for the Trend in Competitiveness (ITC).