MADRID | The most effective cuts were delivered by sheer lack of money as regional and local authorities faced a disruptive lock-out in the credit market.
MADRID | by Eduardo Segovia (El Confidencial) | Spanish big bankers are relieved despite the Ecofin intentions of limiting bonuses: since their wages do not exceed the new limits, they won’t be reduced next year.
MADRID | By A. Laso D’Lom | According to official ICEX data about foreign investment, British gross investments in Spain in 2011 rose by 341 percent comparing to 2010 to €6.6 billion and reached the top place in the list of global investment in Spain.
By CaixaBank Research | Tensions have eased in the sovereign debt markets of the periphery. The government is preparing to reform Spain’s public sector in 2013.
Madrid should never be afraid of the conflicts that interventions will spark, to be sure, but it will only succeed when the regional government has a clear poor reputation managing its own finances.
Spain installed 1,122 new megawatt (MW) wind power in 2012, 6.8% more than the 1,050 MW of the previous year, totaling 22.796 MW, which makes it the second European county in wind power, behind Germany, with 31.308 MW.
MADRID By Fernando G. Urbaneja | Dation in payment and moreover retroactivity is a very dangerous legal structure because it brings uncertainty, risks and unforeseen consequences, which in many cases are against the spirit of what its proponents intended in the first place.
BNP Paribas said Friday in a report that figures will soon turn somehow worse: and that’s good news. It will mean households and companies are spending at a healthier levels.
“The Spanish government surpassed the maximum amount of debt it planned to offer,” BNP explained, “and maintains its good results.”
MADRID | By Carlos Díaz Guell | “Certain judges and prosecutors without recognized political affiliation have begun to consider the need to undertake a reform against corruption like the one that took place in Italy more than one decade ago.”