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Spain registers the highest EU construction growth in 2Q

MADRID | The Corner | Spain was the EU28 member state with the highest increase in the production in construction during the 2Q, with an increase by 7.0% YoY, according to first estimates from Eurostat. Moreover, Spain was the fourth country in the EU28 with the biggest increase in the production in June, with a growth of 6.8%. However, the construction experienced a decline of 2.9% in June in comparison to May, which represents the second biggest monthly decline of this variable among the EU28 member states. In June compared with May 2014, seasonally adjusted production in the construction sector fell by 0.7% in the euro area and by 0.3% in the EU28.

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Spain’s growth beats its EZ larger peers in the 2Q

MADRID | The Corner | Spain’s GDP expanded by 0.6% in the 2Q of 2014 over the previous quarter, the fastest pace in the Eurozone after Latvia’s growth (+1%). With Portugal (+0.6%) and Netherlands (+0.5%), Spain becomes one of the best economic performers in the eurozone during this quarter. Moreover, according to the figures published today by Eurostat, the Euro area has stalled in the 2Q, especially as a result of the contraction of Germany, the Italian fall into recession and France’s stagnation. Meanwhile, the Greek economy contracted by 0.2%, the lowest drop since 3Q 2008 and it could show that the country is meeting its full year growth target of 0.6% for 2014.


General government gross debt by sector of debt holder

No matter what, non-residents bet on French debt

MADRID | The Corner | While  markets are expressing their concerns about the French economy, institutional investors seem quite comfortable about the Hexagone’s situation: the debt share of non-residents is 57.3 %, according to Eurostat. Finland and Latvia are the top choices with 81.6 % and 80.0 % of their debt owned by non-residents. Check the graph above.

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The EU Youth Guarantee: A “Lost Generation”?

Youth unemployment in the EU has now reached an average rise of 23.5%. More specifically, there has been an increase of the “NEETs,” young people who are not in employment, education or training to 14 million young Europeans. As a new targeted policy, the European Council endorsed the principle of the Youth Guarantee in June 2013, an  scheme  to offer all young people up to the age of 25 a good quality employment opportunity, continued education, an apprenticeship or a traineeship within four months of leaving their formal education or becoming unemployed. The Youth Guarantee is based on the model of earlier national plans that were successfully implemented in Scandinavian countries, Germany, Austria, the Netherlands and Poland.

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Eurostat: 27 in every 100 Spaniards at Risk of Poverty

MADRID | By A. R. Mendizabal via Capitalmadrid | Total figures pile up, percentages keep on rising, the country level moves down… The statistical office of the European Union, Eurostat, certifies that 27% of Spaniards are currently living at risk of poverty and social exclusion –which means one out of four citizens.