Catalonia’s sovereignty plan leads nowhere
MADRID | Catalonia’s economy might head for rough times as investors flee from political uncertainty and the danger extremists might take over. CiU leader Artur Mas is heading for disaster.
Spanish economy
Spain targets construction industry’s revival with building renovation project
MADRID | By Carlos Díaz Guell | There are more than 27 million homes in Spain and some 50 percent date back 30 years, and 50 years in a fifth of the housing stock.
Savings banks contribute 3,000 flats to Spain’s social housing stock
MADRID | The Spanish government is still in negotiations with both CECA and AEB, and the housing industry, in order to fulfil an official decree whose aim is the protection of vulnerable insolvent mortgage debtors.
Spanish not-intervened cajas consider Brussels aid insufficient
MADRID | By José Hervás, Capital Madrid | Basel III in Spain will close 10 bank offices a day over the next three years to have between 25,000 to 30,000 offices in total.
Spain’s exports exceed €334.5bn in 3Q 2012
Exports of goods and services, which already account for 33% of GDP, have been one of the best surprises during the crisis. They are the only component of aggregate demand that has exceeded the pre-crisis level, becoming the real lever for exiting from the crisis, according to BBVA Research’s Economic Watch.
After IMF’s verdict, what’s next for Spanish banks
The IMF gave a pat on Spain’s back on Wednesday. Although recovery is not at full speed, the country has made “important progress” in reforming the financial sector and will come out of recession in 2014 with a 1 per cent growth.
Catalans fail to grasp there’s no free lunch
The region is determined to be recognised, and treated, as a nation. Sadly, Catalans appear incapable of shouldering the bill that comes attached to it.
Spanish top companies’ sales signal recovery towards pre-crisis levels
A recent study shows the internal correction over the industrial sector has accelerated, and it could be taken as proof that Spain is fast leaving its housing bubble behind.
Most Spanish financial analysts forecast a Spailout before 2014
MADRID | By Tania Suárez | Analysts in Madrid think Spain’s risk premium is too high for the government to escape the fate of Ireland or Portugal. “Some sort of bailout” will be necessary before the end of next year.
European Commission warns Spain: either make extra efforts or maintain 2011’s
MADRID | The Spanish government faces an uncomfortable dichotomy, says Carlos Díaz Güell: it either prolongs the fiscal measures taken in 2011 or lets the public deficit grow even further.