A report from the European Commission published on Monday said that Spanish households’ gross available income was still below 2008 levels up to the first half of last year, in comparison with other EU countries’.
All the figures and statistics related to education in our country paint a picture which is not just bad, but catastrophic…For example, the number of young Spaniards who don’t even have a high-school education, 35%, is double the OECD average.
The European Commission has unveiled a document with an anual battery of recommendations to improve the Spain’s economy’s weak points. It has asked, for the sixth consecutive year, that the improves its public system for finding employment.
The European Commission has initiated proceedings against Spain for the limits it imposes on direct or indirect participation in Red Eléctrica (REE) and Enagás and for restricting voting rights. Brussels could take Spain to the European Court of Justice if the Spanish government’s response is not convincing and there could be a fine in the end.
Brussels has warned Germany about its excessive current account surplus. The procedure for detecting macroeconomic imbalances has revealed the average current account surplus between 2013 and 2015 was 7.5% compared with an alarm threshold of 6%.
BBVA Research | For 2017, the economic cycle is expected to continue correcting the deterioration in Spain’s public accounts, but in a scenario without changes in fiscal policy, the shortfall would decline only to 3.6% of GDP, and would exceed the budgetary target set at 3.1%. Further adjustments will be required to ensure a durable correction.
A recent European Commission report on innovation indicators highlights that Spain is the third country, along with Lithuania, which has fallen behind the most in matters of innovation – after Romania and Hungary. Since the start of the crisis in 2008, Spain has lost an average of 0.8% annually in R&D output.
Julius Baer Research | | Marketplace companies active in the Sharing Economy such as Uber and AirBnB (both not listed) are combining social networks, Big Data analytics and mobile accessibility. Last week, the European Commission (EC) issued guidelines to harmonise the often wildly different treatment faced by businesses trying to shake up sectors ranging from accommodation to transport across the Eurozone.
ViEUws | In November 2014, Jean-Claude Juncker became leader of the EU’s most powerful body – the European Commission. Backed by a large majority of MEPs, the former Luxembourg Premier promised an “agenda of reform”.
BRUSSELS | By Alexandre Mato | The European Commission has finally launched its promised €315bn plan to revive the continents stagnating economy. With concerns abounding about creating more debt within Members States, Brussels has turned to financial engineering to fill the investment gap with a very modest €21bn. The aim of the Juncker plan is to ultimately produce 1.3 million new jobs over the next three years.