Say Adiós to the Spanish current account surplus
BNP Paribas said Friday in a report that figures will soon turn somehow worse: and that’s good news. It will mean households and companies are spending at a healthier levels.
BNP Paribas said Friday in a report that figures will soon turn somehow worse: and that’s good news. It will mean households and companies are spending at a healthier levels.
“The Spanish government surpassed the maximum amount of debt it planned to offer,” BNP explained, “and maintains its good results.”
MADRID | By Carlos Díaz Guell | “Certain judges and prosecutors without recognized political affiliation have begun to consider the need to undertake a reform against corruption like the one that took place in Italy more than one decade ago.”
Last Thursday, while Spain was feeling a whole political earthquake, there was little notice of the new development in the Eurodrama in the US newsrooms.
BARCELONA | CaixaBank analysts | Spain’s deficit needs to be corrected by 1.8 percentage points of GDP in 2013. The cumulative deficit during the first three quarters of 2012 reaches 6.2% of GDP.
MADRID | Don’t blame the recession as the only source of this huge Spanish unemployment when fiscal drag on salaries represents over 80% of overall receipts.
MADRID | By Carlos Díaz Guell | “It is still necessary the voice of those championing common sense, stronger and more neat state structures, honest politics, innovation and more democracy.”
MADRID | By Ricardo Cantalapiedra | capitalmadrid | A significant body of proof suggests the disasters in the sector were caused not by the institutions itself, but by their executive members. The Bank of Spain will be charged with supervisory powers.
MADRID | What went wrong? Spanish unemployment is closely linked to the shortcomings the reform was unable to cope with: better labour relations and time-contract jobs on a too wide scale.
MADRID | More than 200 businesses in Spain fight back the crisis with at least 20 percent growth rates since 2008. The majority are based in Catalonia and Valencia, with a turnover of between €2 million and €10 million.