Search Results for ten lost months

Spanish banks 's 2Q18 results season will start on July 25th

Spanish Banks Will Present Results Amidst Concerns Of Potential Bank Tax

Spain was a well-liked region within European banks until the new government came into place. As Morgan Stanley points in a note to investors, “the negative noise around a potential bank tax and the doubts on the fiscal plans have hit the sector.” Santander will kick off the 2Q18 results season on July 25th with all the eyes on its capital position and headwinds from Latam currencies. Issues like Turkey in BBVA and TSB in Sabadell have provided more downside to some of these names.


Greek PM Alexis Tsipras

Check, Please: How Much Alexis Tsipras’s First Months Cost Greece

Greece has been let down on numerous occasions by its politicians and Tsipras has often criticised opposition parties for their role that led to the crisis in 2009 and its management subsequently. However, he must look back at those six months of 2015 and wonder what he was thinking.


germany in greece

Greece granted bailout extension

By Alexandre Mato in BRUSSELS & Sean Duffy in MADRID | A day of hard negotiations finally produced a positive outcome.Greece will work throughout the weekend to ready proposals for Monday´s meeting, but politicans were visibly relieved after an arduous week.




sanchez elections

Sánchez runs out of narrative; neither governs nor stops Vox

Aurelio Medel (5Días) | The Prime Minister lacks the support to tackle serious problems (such as housing), and the far right is the primary beneficiary of this inaction. Every week, the Government proposes new regulations, marketing them as solutions to real problems of varying urgency and complexity, but they ultimately come to nothing. This past week, it was the regional financing reform (rejected even by regions governed by the PSOE)…


Sanchez

Junts assures “legislature is blocked”: no budgets, no more laws

Miriam Nogueras, Junts spokesperson in the Congress—where the fugitive Puigdemont’s party maintains seven decisive deputies, without whom the investiture majority falls into a minority with 172 out of 350 deputies—announced yesterday that her party will not vote with the Government again after the half-dozen laws they have already agreed upon pass through Parliament. She will not vote in favor of either the 2026 Budgets (Spain continues to extend the 2023…


EEUU empleo 1

Downward revision of payrolls created through March in US to record -911,000 compared to consensus estimate of -680,000

Intermoney | The US labour market took centre stage again on Tuesday with the release of the annual revision of payrolls created through March of this year. Given the unreliability of the data in recent months, the revision provides a clearer picture of the labour market. The new figures showed a downward revision of a record 911,000, suggesting that job creation was much less robust in the year to March…


Inditex crece compressor 1

Inditex underperforming Ibex by 41% since December, worst performance in group’s history

Renta 4 | On Thursday, it will present its quarterly results in an important technical situation. Since April last year, it has been forming a demand and support zone at €41, with a filter down to €39.60, where it presents the closing of a significant bullish gap. Technical indicators are reversing from exceeded levels, which favours a recovery process in the coming months, although the price would have to confirm…


sanchez ursula

Brussels Freezes Over €1.1 Billion from Spain’s Fifth Next Gen Payment Due to Unmet Tax Reform

Ursula von der Leyen’s European Commission has cut €1.1 billion from the fifth payment of Next Generation EU funds to Spain. This payment, which totals €23 billion (€8 billion in grants and the rest in loans), has been reduced because Spain lacks the votes in Congress to pass measures like the diesel tax increase—intended to equalize it with gasoline prices—one of the key reforms demanded by Brussels. This comes despite…