MADRID | The Corner Team | Exports are pumping fresh air into the Spanish economy. The recession-hit country’s trade deficit plunged by a further 53.5 per cent in July, officials said on Friday. The government is banking on foreign trade to be an engine of the recovery.
MADRID | By Francisco López | Spain’s credibility is at stake. In the coming months the country will need to tackle its two main economic commitments: compliance with the deficit target of 6.5 per cent in 2013 and requesting (or not) an extension of the bank bailout in November.
MADRID | By David Fernández | Foreign investors are showing a sudden interest in assets made in Spain due to, among others, central bank’s last data, Europe’s decision to delay the deficit commitment by two years and international factors such as second-round monetary helicopter launched by the Bank of Japan. Will this trend vanish?
BRUSSELS | by Eberhard Rhein | However important balanced budgets might be for Europe in view of its rising social charges, in particular the huge burden resulting from an ageing population, Germany does not deserve praise for having precipitated the balancing of its budget.
Can Hollande salvage his country from the waves of austerity? JP Morgan analysts forecast a French deficit higher than the official target for 2013, which could trigger further budget cuts.
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.
Total gross issuance had to reach €199.5 billion, but the government had placed €200.9 billion of sovereign debt as of Wednesday.
VALENCIA | Economist Ernest Sena reveals data of spending rates that tells a different tale about the Spanish regions: they aren’t as wild and rebels as it has been portrayed. But there is a common mistake to all public administrations, which have used budgets like propaganda tools.
By Tania Suárez, in Madrid | On Tuesday afternoon, July 31, the Council for Fiscal and Financial Policy (CPFF by its Spanish initials) will meet the central government in order to establish the deficit target and debt levels of each region in Spain for 2013. It is expected that the regions will adapt themselves to the general targets, which marked a mutual deficit of 0.7% for 2013, 0.1% for 2014…
free advice on getting your ex girlfriend back NEW YORK | California's new fiscal year begins July 1 with a massive problem: a $16 billion hole, the biggest deficit of the 50 states. Without one budget in place, the Golden State would not be able to make certain payments to schools or pay salaries of officials and their staff. While part of Europe suffers from austerity, California's lawmakers are also…