MADRID | Jorge Holgado at Capitalmadrid | When premium risks go high in a country not everyone loses: insurance companies did a good business last year with Spanish debt, although investment in fixed income is not a short-term strategy of the sector.
MADRID | By Julia Pastor | Jobless numbers registered in Spanish public employment offices in last May dropped by 98,265 against market expectations of 50,000. It is a record high in this month since the unemployment data started to be collected in 1996.
MADRID | By Julia Pastor | Sareb would be preparing the selling of a portfolio valued at around €200M, which includes 38 houses located in Valencia and Andalucia, as well as a group of unfinished buildings.
Wages decline has put Spain back in the beginning of the century. But the warning sign for the country are citizens’ pensions: crucial for the most defenseless. Both President Mariano Rajoy and the Spanish society have an enormous stake in social welfare.
MADRID | By Julia Pastor | Small and medium size companies are the most vulnerable side of the European economy, but also the most powerful weapon to get out of the crisis. Germany will develop a €10 billion credit plan to move peripheral countries SMEs for their own export engine works.
MADRID | The new antifraud law in Spain is bringing surprises on the table: more than 130,000 tax payers have declared assets held in foreign countries with an estimated total value of 87.7 billion euros, more than the double of what Spanish Treasury estimated. The penalty is 150% of the tax due.
MADRID | By Alfredo Pastor, for lavanguardia.com | The main surprise about Spain is the size and speed of our external adjustment. Fiscal adjustment and the good behaviour of exports are also two positive surprises. Citizen solidarity helps counteract the grave effects of the crisis.
MADRID | By José Luis Marco at Capitalmadrid |The Bank of Spain considers that liquidity is no longer a problem and detects a greater international confidence on the country’s financial groups.
NEW YORK | Several of the top Spanish companies put on a big show this Friday at New York’s Nasdaq. Telefonica, Indra, Dragados, Santander, Iberia, Repsol and many more shared their perspectives at the Spanish Economic Forum in order to boost their image among American investors and break some stereotypes. But how much do these iniciatives help to build real muscle? On the to do’s list: showing more optimism and sharing the cake with the start-ups.
MADRID | By Carlos Díaz Guell | The Spanish government has already made clear to the regional authorities that the old savings bank model must die for its sins.