debt

Spanish economy 24th May 2022

Brussels Warns Spain Of High Debt And Unemployment Risks

The European Commission officially advocates maintaining the suspension of fiscal rules in 2023. However, it warns that Spain is dragging serious “vulnerabilities” with “cross-border relevance” and fears that public indebtedness will be higher in 2026 than in 2021. “Spain is experiencing imbalances,” the European Commission warned yesterday as it released its spring package of recommendations. It warned that its “vulnerabilities relate to high external debt, public and private, in a…

Spanish economy 12th May 2022

Telefónica’s Revenues Increased By 3% (EUR 10.883 billion) While Earnings Fell By 20% (EUR 706 million) In Q1’22;Confirms Dividend

The group’s turnover amounted to 10.883 billion euros, an increase of 3.2%. By markets, Spain accounted for 28% of revenues, Hispam 20%, Brazil 18%, Germany 18% and the UK 14%. Operating income before depreciation and amortisation (Oibda) rose 2.1% to 3.753 billion euros, due particularly to Latin America, whose Oibda jumped 50%. Sales grew in all markets, such as Germany, the UK and Spain, and double-digit growth in Brazil and…

Spanish economy 4th May 2022

The Spanish Treasury Pays For Debt Again

Fernando González Urbaneja | In recent years the European Central Bank, in addition to ensuring price stability (an objective it has achieved), has tried to sustain and stimulate the euro economies by supplying all the credit necessary and at the lowest price imaginable, practically zero. States have benefited from this policy by issuing debt at no cost, even with a few tenths of a yield. The ECB has done its…

World economy 16th February 2022

China Continued To Deleverage Towards The End Of 2021 Thanks To The Corporate Sector But With An Increase In Government Debt

Alicia García Herrero (Natixis) | China’s debt-to-GDP ratio continued to decrease in Q4 2021 to 264.3% from 266.5% in Q3. Notwithstanding the deleverage path in 2021, the debt is still much higher than the pre-pandemic one (247.5% in Q4 2019). Chinese corporates contributed the most to the deleveraging process, as their debt to GDP ratio further dropped to 155.1% in Q4 2021 from 158.3% in Q3 2021. Because of the…

Spanish economy 11th January 2022

Spanish Treasury Proposes €75 Bn Net Issuance By 2022, A Level Similar To That Of 2021

Bankinter | The Treasury announced on Monday its Financing Strategy for 2022. The Treasury ended 2021 with total Gross issuance of €264.312 billion and Net issuance of €75.138 billion, -25% below the proposed target and -31.6% below 2020 net issuance. The average cost of debt issued amounted to -0.04% and that of outstanding debt stood at 1.64% (from 1.86% at the end of 2020).

Spanish economy 4th November 2021

Telefónica Reports 9.335 Billion Euros Profit To September; Reduces Debt To 25 billion

Telefónica has reported a record profit of 9.335 billion euros in the year to September – in the third quarter, on a like-for-like basis, profit was 706 million. The 9-months’ figures include the extraordinary results from the divestment of Telxius (around 3.5 billion euros) and the joint venture with Virgin Media in the UK (another 3 billion). These operations have also enabled the company to cut its debt by 31%…

Spanish economy 13th October 2021

Spain: Corporate And Household Debt Increased By 1.8% In The Last Year To 144.2% Of GDP

The financial wealth of Spanish households increased by 5.1% in the last year to stand at 214.1% of GDP. The Financial Accounts of the Spanish Economy, published by the Bank of Spain, show that consolidated corporate and household debt reached €1.673 billion in the second quarter of 2021 (144.2 % of GDP), 1.8 % above the €1.644 billion recorded a year earlier (140.5 % of GDP). The increase in the…

World economy 30th September 2021

Which Countries Have The Highest Levels Of Corporate Debt?

A new study by Utility Bidder revealed the countries and industries with the highest level of corporate debt. Luxembourg was the country with the highest debt, at 391.54% of their GDP, whilst the restaurant/dining industry was the sector with the highest debt percentage of its total capital at 113.82%. Is covering the findings of interest? Every country has debt in many forms, such as: public debt, personal private debt, and…

Spanish economy 14th June 2021

Spanish Public Debt At An All-Time High: Eur 1.39 trillion

According to data from the Bank of Spain (BdE) released on Friday, the debt of Spanish public administrations as a whole rose in Q1’21 to 1.392,733 trillion euros, a record high. This figure represents 125.3% ofof Spain’s Gross Domestic Product (GDP). In the last year, public debt has increased by 168.213 billion euros, which represents an increase of 13.7%. It should be recalled that at the end of 2020 this…

Relevant News Item 2nd June 2021

Telefónica Halves Its Debt To 26 Billion Euros

In 2011, Telefónica’s liabilities exceeded 56 billion euros. Today, however, after the latest operations (the merger agreement for its business in the United Kingdom, the sale of towers to American Tower…) it has cut its leverage by a further 8.4 billion euros and reduced it to less than half, at 26 billion. Although this amount is starting to become more manageable for the group, the most critical operators point out…

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