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Spanish economy

Spain is back

Spanish economy 10th January 2014

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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Spanish economy 8th January 2014

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.

sol y playa

Spanish economy 27th December 2013

Balance of a tourist record year for Spain

MADRID | By Francisco López| By the end of November 57.6 millions of international tourists had arrived Spain with British, German and French leading the visits. It mean a 5% increase over the same period of 2012, but domestic demand still burdens results.

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Spanish economy 24th December 2013

Banesco challenges hard Spanish banks’ market share

MADRID| By Fernando González Urbaneja| The Spanish banking industry has a very solid position and it is not easy to win market share from it. Citi, Barclays, BNP, all of them with commercial experience and financial muscle failed in the attempt. Now it is the turn of Venezuelan Banesco, which has just acquired Spanish bank NovaCaixaGalicia (NCG), stemmed from the country’s financial system restructuring and intervened by the state since October 2011, at €1.000 million.

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Spanish economy 11th December 2013

Will Spain’s risk premium let the government sleep at last?

MADRID| By Julia Pastor | Spain’s credit quality and solvency is increasingly improving. The country’s risk premium closed at 219 basis points on Tuesday to its lowest level since June of 2012, and under Italy’s. Also Spanish 10-years bonds neared 4% yield, more than double than the German ones. Public debt investors do not have much better options.

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Spanish economy 6th December 2013

Corruption ranks second in Spaniards’ worries

MADRID| Fernando G. Urbaneja| Spanish leaders try to diminish the importance of corruption in the country’s political sphere. They say it is not a general practice, that cases in the public eye are manageable exceptions. But citizens do not seem to agree.