european comission

European economy 8th July 2020

The European Economy Will Recover At Two Speeds, Widening The Gap Between The Eurozone’s Members

The three countries most affected by the coronavirus crisis will be Italy, Spain and France, with falls in GDP of 11.2%, 10.9% and 10.6% respectively this year. For the region as a whole, GDP will contract by 8.7% in 2020 compared to the 7.7% previously expected. By 2021 it expects GDP to grow by 6.1%. In the second half of next year, the Commission sees a two speed recovery happening in the EU, with the existing divergences in the area becoming even more pronounced.

European economy 14th May 2020

The EC Recommends Re-Opening Frontiers To Reactivate Tourism; Does Not Favour Imposing Quarantines

Spain has announced this week measures to impose a 14-day quarantine on international travellers. These spark new doubts over the tourism sector. Only the new EU coordinated plan for tourism, which recommends reopening borders and reviving the sector, could cancel the Spanish government’s decision.

In Europe 11th June 2018

Spain Is Not Italy: Eurocrats Welcome Ministerial Appointments in Spain

Israel Rafalovich | In the last few days a saying has frequently been heard in the corridors of the European Commission: “Spain is not Italy. With the new Spanish government it is now a Spanish spring.”

Spanish economy, Uncategorised 18th July 2016

Perseverare Diabolicum

Last week the Council decided that Spain and Portugal’s recent efforts to reduce deficit were not enough. This lead to the two countries being fined, the first time this happens since the inception of the euro.

Companies 28th March 2016

When The European Competition Watchdog Becomes A Dog In A Manger

The sale of Telefonica’s O2 to Hong Kong telecoms giant Hutchison remains up in the air. And the European Commission (EC), which has the final responsibility for the outcome of the transaction, is still being a dog in a manger, under pressure from the UK authorities.

Spanish economy 18th January 2016

Bank Of Spain To Calculate Provisions On Expected Rather Than Incurred Losses

The Bank of Spain plans to change the method for calculating provisions in H1 2016, in advance of the European Commission’s new accounting regulations due to be implemented in 2018. Under the new rules elaborated by the International Accounting Standards Board (IASB), provisions will be calculated based on the expected loss in credit operations and not on the loss already incurred, as has been the case up to now.

In Europe 9th October 2015

Refugee influx pushes Tsipras towards crisis nexus

Nick Malkoutzis via Macropolis | The nexus of Greece’s most challenging problems, and perhaps the ones that will make or break the current government, were indirectly highlighted by Prime Minister Alexis Tsipras last week.

In Europe 20th December 2013

‘A window on the lives of Europeans is shut’

MADRID| By The corner team via Presseurop|In a time when Europe is trying to reinforce its identity it is very difficult to understand that the European Comission has decided to end its financial support to such an intelligent project as Presseurop, the first Pan-european multilingual news and debate site. Its closing down on Friday marks the end of a journalistic experiment with civic dimension, says the European press.

In Europe 29th May 2012

Who will audit Brussels?

By Carlos Díaz Guell, in Madrid | Following the steps taken by the Spanish government to increase the requirements of capital provisions to the banking system from 7% to 30%, that is some €30 more billion, the Eurogroup, seen the distrust generated by the Bank of Spain’s actions, asked the Rajoy government to commission an independent valuation of property assets on the balance sheets of financial institutions. The international financial authorities and…