Everything You Need to Know About the Election in Catalonia
Nick Ottens via Atlantic Sentinel | This is a guide to the Catalan electoral system, the parties, their leaders and possible coalitions.
Spanish economy
Spanish Banks Are More Liquid And Less Vulnerable
All the sectors in the Spanish economy should contribute to improving competitiveness and efficiency, at the same time as cutting their debt. The Spanish banks are doing just that.
Spanish Banks Return 37% Of Floor Clauses Demands, Reject 20%
Spanish banks have returned 1.5 billion euros in cash to more than 350.000 people affected by the floor clause, with whom the lenders reached an agreement after they filed a claim. This is according to figures presented by the banks at September 30, via the Commission which was set up last April to monitor the issue.
The European Union Calls Into Question Aid For Spain’s Coal Industry
The European Commission (EC) has started an investigation into the aid which Spain’s coal-powered electricity plans receive for the installation of filters which reduce the levels of contamination and so comply with legal targets. Since 2007, fourteen plants have received €440 million in subsidies for this concept and payments are expected to continue until 2020.
Spain’s SMEs Have Generated 66.4% Of New SS Affiliations Over Last Year
A recent report by Eurostat revealed that SMEs in Europe generate half of intra-European trade. These companies provide up to 249 jobs each and drive the economy.
Brussels Approves Spain’s Budget Extension Despite Non-Compliance On 2018 Deficit Target
The European Commission determined on Wednesday that the draft of Spain’s budget for 2018 sent by the Spanish government “complies in general terms” with the criteria established in the Stability and Growth Pact. Despite the fact the public deficit will exceed the target agreed on for next year.
Foreign Firms See Improved Prospects In Spain
A recent report published jointly by ICEX-Invest in Spain, Multinationals for Spain Brand and the International Center for Competitiveness said foreign companies’ evaluation of the business climate in 2017 has seen a further improvement compared to a year ago.
Spanish Banks Passed IMF’s Pre-Crisis Stress Tests Including A 30% Drop In Property Prices
Before the crisis, Spain’s financial system passed the International Monetary Fund (IMF) stress tests which included a 30% drop in property prices, according to Pedro Pablo Villasante, former managing director of Supervision at the Bank of Spain between 2000 and 2006.
The ‘Red’: A Symptom Of Internationalisation And Economic Diversification
The latest call up for footballers for the Spanish team preparing for the next World Cup in Moscow finds an equivalent in the Spanish economy’s recent successes: its internationalisation and diversification, which go far beyond declarations and pretensions.
The Ironies Of History: Spanish Public Debt Eases Private Debt
With regard to Spain’s debt, there has been a Keynesian policy in place, of ECB monetary expansion and the expansion of government debt, call it what you like. And this policy has allowed Spain to grow at an annual rate of 3% in three years.