Spanish savings banks crisis, well after the event
The European bail-out of our banking system saved its skin. Now, a decade later, parliament and the Bank of Spain are investigating what happened.
Spanish economy
Spanish Energy: Lots Of Capacity, Not Many Outlets
Mari Pinardo | Spain has the capacity to produce much more electric energy than we can consume. On average we use 35,000 megawats and have 100,000 installed. So why is our electricity bill higher than our European partners?
Spanish Ports Will Lose Cargo To Other European Docks Just Temporarily
Over the last few weeks, Spanish businessmen’s concern has increased over the fact Spanish ports are becoming less effective due to the stevedore’s work-to-rule. According to business sources, currently it’s taking almost twice the amount of time to arrange a ship’s entrance into port, which also has direct consequences on the transport service.
Value Investing: launched by Francisco García-Paramés, Spain’s Warren Buffet
Fernando Rodriguez | Francisco García-Paramés is an asset manager who has made ‘Value Investing’ popular in Spain thanks to the good results obtained during the last 20 years. He is Spain’s Warren Buffet.
Why Is Spain’s Recovery Not Reaching Wage Earners?
International organisations and the leading research departments are revising their growth forecasts upwards for the Spanish economy for this year and 2018. But at the same time, they note that Spain’s recovery is not reaching most wage earners.
“The Yield On ‘Prime’ Office Property In Madrid Has Fallen From 5.5% To 3.5%. Valuations Should Rise”
There are still opportunities in office buildings but investors need to be very selective. And it’s important to add value to the property, for example through refurbishment, according to Eduardo Fernández-Cuesta who worked for 25 years in CBRE.
Why Are Experts Making Upward Revisions To Their Spanish Economic Forecasts?
The leading research departments have begun to make upward revisions to their forecasts for the Spanish economy in 2017 and 2018. The GDP figures confirm that our economy did not lose momentum in the final part of 2016 (in the end GDP grew 3.2% for the year as a whole). And the indicators on activity and confidence at the start of 2017 show a slight acceleration. The good performance from the labour market, and Spain’s competitive exports, will be key growth drivers.
Open debate: Does Spain have a lot, a little or no legal security
The eternal debate as to whether Spain has a quality democracy, with a level of legal security on a par with Europe, has recently become topical again following the courts’ decisions in the cases of Urdangarin and the “black” credit cards. Weeks before legal security also appeared because of the courts’ ruling related to the floor clauses.
Retribution and restoring faith in Spain’s banks
If one specific scandal crystalized the Spanish elite’s excesses of recent times, it’s that of former president of Bankia Rodrigo Rato going on trial for misappropriation of funds in the High Court. Punishing Rato and others responsible for such injustices is crucial from a legal and moral point of view. But when it comes to restoring credibility, it is Spain’s banks, not the justice system, that face the really hard work.
Spain’s Mortgage System’s Protection Measures Could Have Benefited Over Half A Million Families
J.L.M. Campuzano (Spanish Banking Association) | The Economy Ministry has published updated figures on the Social Housing Fund, set up in 2012 initially with 5.892 homes provided by the banks to help out the more vulnerable familys in Spain. At the moment, there are over 9.866 homes which have been handed over voluntarily by Spain’s lenders, with 9.020 allocated at end-2016.