A welcomed balanced budget law for Spain
Spanish economy
Why Rajoy did not demand Merkel more flexibility for Spain
[UPDATE] By Julia Pastor, in MADRID | The Spanish president Mariano Rajoy visited Berlin on Thursday. It was his first official meeting with the German Chancellor Angela Merkel since he was sworn in as president. Against the backdrop of the next January 31 European summit, it was expected that Rajoy would propose Merkel to relax Spain’s deficit ceiling for 2012 and 2013, considering the appreciable cutting of IMF’s growth perspectives for…
Social enterpreneurship in Spain: Momentum’s new edition
BARCELONA | ESADE and BBVA Foundation in collaboration with PricewaterhouseCoopers on Wednesday opened the second edition of Momentum Project 2012. The initiative aims to contribute to the development of social entrepreneurship in Spain, creating a support network for these companies to consolidate, grow and increase their impact. In the first edition, Momentum funded seven projects with a €3 million capital injection through a finance tool designed by BBVA. The presentation in…
The rain in Spain is fairly plain
By Julia Pastor, in Madrid | The bank with the greater economic weight in the euro zone is Spanish, Spain’s national football team won the World Championship, and so did the national basket team; the number two in the tennis ranking is from Majorca, Spanish chefs are in the covers of the most important newspapers of the world, foreign tourists and no tourists adore the jamón ibérico… The history of…
Weekend long read: Spain’s finance and economy ministers open their portfolios to Wall Street and Frankfurt
By Ana Fuentes in New York, and Julia Pastor in Madrid | Right before the three crucial meetings (Eurogroup, Ecofin and European Council) that will take place in the next 10 days, the Spanish government is deploying its best arguments in order to regain markets’ trust. Rajoy’s economic team, the Finance minister Luis de Guindos (left) as well as Cristóbal Montoro, minister of the Treasury, appear in the weekend edition of…
Fitur 2012: in tourism Spain trusts
By Julia Pastor, in Madrid | On Wednesday, the International Tourism Fair Fitur 2012 was inagurated in Madrid. This anual event is the most important of the sector in Spain and it will be open until January 22. This year’s edition is marked by the crisis and the resulting financial adjustments made by the autonomic regions, but also by the widespread notion that the tourism sector is the only one…
Madrid unleashes German severity against financially rebellious regions
Spanish Treasury’s winning streak, so far
The UK crowns Spain as the favorite holiday destination in 2012
By Julia Pastor, in Madrid | Towards the end of 2011, the British press published a news item, that was finally denied, regarding an evacuation plan that the Foreign Office was supposedly preparing to evacuate British citizens resident in Spain in case of a financial crunch. A few days later, at the beginning of the New Year, that same publications crown Spain as the favourite holiday destination for British families…
“Spain will do everything it needs to do,” says the minister of Industry to investors
By Julia Pastor, in Madrid | The second edition of the Spain Investor’s Day started on Wednesday. This event presents itself as “a unique project in Spain, the great personal encounter of the global investor with Spanish issuers and businesses. Its permanent objective is to present Spain at its highest level as the investors’ destination”. The meeting gathers major listed companies and major institutional investors in order to generate contacts,…