In Spain

Figures for consumption

Spain: confidence to consume, not to invest

Fernando González Urbaneja | “GDP and employment are increasing, the external balance is improving… while productivity, per capita income, and convergence with the EU stagnate”. The Spanish economy shows ambivalent signs that, depending on the data and periods chosen, serve a multitude of purposes. The government chooses the best of the repertoire to conclude that the economy is the electoral weapon to win support; in fact, the new economy minister…

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Criteria becomes Telefónica’s largest shareholder with 5% of share capital

CriteriaCaixa has become Telefónica’s largest shareholder, with exactly 5.007% of the capital, up from 2.69% at the end of March. This stake, increased by 2.31% through market purchases and financial instruments and with a market value of €527 million – at Monday’s price (€3.97) – puts the industrial group one at hundredth more than Saudi Telecom (4.99%). BBVA holds 4.86% of the teleco’s shares, compared with 4.5% for BlackRock and…