Last Thursday, while Spain was feeling a whole political earthquake, there was little notice of the new development in the Eurodrama in the US newsrooms.
BARCELONA | CaixaBank analysts | Spain’s deficit needs to be corrected by 1.8 percentage points of GDP in 2013. The cumulative deficit during the first three quarters of 2012 reaches 6.2% of GDP.
MADRID | Don’t blame the recession as the only source of this huge Spanish unemployment when fiscal drag on salaries represents over 80% of overall receipts.
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.