Spanish economy

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Spain’s Growth Accelerates, Job Creation Not Quite Yet

MADRID | By  The Corner Team | Spain’s GDP expanded 0.3 percent in the quarter ended Dec. 31 from the previous three months. For the first time since 2011, the euro region’s fourth largest economy’s growth increased for a second straight quarter, according to official estimates. Market makers are underlying their faith on this new-found economic momentum, and their trust comes as fresh air for the government, who predicted a faster rate recoverty than initially expected. Still, job creation needs to pick up from a depressing 26%.




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Less unemployment also means less jobs in Spain

MADRID | By Fernando G.Urbaneja | With no possibility to devaluate currency, 3.7 million jobs have dissapeared in Spain’s society. This data should force Spanish political leaders as well as population to start a long and profound debate.


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Spanish Banking Sector Smiles Again Thanks to 2013 Business Results

MADRID | By Francisco López | The new season for presenting results starts this week with much better expectations than in previous years. After two years recording negative results in Spain, most market watchers consider that 2013 allowed the return to positive figures thanks to cost reductions, the increase in financial operations, the low interest margin and a lower impact on the accounts of the harsh restructuring process started in 2009.


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“Indeed, the worst is over in Spain…but still”

BARCELONA | By Joan Tapia| The crisis and recovery start management in Spain could be clearly improved. As a consequence, the economic confidence index stands at a gloomy 30.8 in December but have increased by 41% regarding 2012’ same month, while political sentiment is even lower at 27.1 and continues falling.


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Investors’ appetite for Spanish banks grow

MADRID| By Francisco López| Spain’s banking sector wholesale maturities will reach € 88,000 million in 2014 and € 72,000 million in 2015. Experts forecast that more than half will be financed via foreign markets.Only BBVA estimates to sell around € 7,000 million in bonds and covered bonds.


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In Spain, Credit To Businesses and Households In Free Fall

MADRID | By Luis Arroyo and Tania Suárez | Credit is still stagnant in Spain and neither companies nor families are able to access money. According to the Bank of Spain, the development of credit in the country is still falling. The conclusion is that there is an insufficient banking money supply with a still very high fall rate.


Spain is back

JPMorgan: “Spain is Back”

NEW YORK | By Ana Fuentes | Spain is coming back stronger the playing field, according to JPMorgan. In a report titled ‘Spain is back’, released on Friday, the financial institution predicts that the Southern European economy will grow by 1 per cent on 2014, based on “encouraging” results in industrial production, exports and consumer spending and confidence.That is 0.3% more than what the Spanish Government itself expects, 0.5% more than both S&P and the European Commission forecast and 0.8% more than the IMF experts said in October.


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Ibex 35 Euphoric Thanks to Spanish Risk Premium’s Fall

MADRID | By Francisco López | The risk premium has moved from being a huge torment for Spanish decision-makers, to making headlines showing a recovery of the international confidence in Spain’s economy. The interest rate of the Spanish 10-year bond is at its lowest since 2009, the differential with Germany is around 190 basis points and Ibex 35 widely exceeds 10,000 points.