Spain Q2 GDP growth outpaces most of eurozone
MADRID | Global GDP showed a moderate growth recovery in the second quarter. In Spain, forecasts point to GDP growth accelerating again to 1% Q0Q, one of the highest rates in the eurozone.
Spain
Spain’s Top Banks H1 Earnings Boosted By Lower Provisions
Spain’s top five banks posted a combined net profit of 7.989 billion euros in the first half of 2015, up 48 percent from a year earlier, thanks to the improving economic situation and a decline in bad loans provisions.
Fiscal rectitude lags behind in Spain
Spain’s public deficit ranks as the highest one in the eurozone, with the exception of Cyprus. Up to now, a set of exceptional circumstances has allowed for a stance of benign neglect at visible cost. But dangers loom ahead if fiscal rectitude is not firmly enforced.
Spain’s Bankia beats forecasts
The Corner | July 27, 2015 | Spain’s bailed-out lender Bankia saw its first-half profit rose 11.5 percent from a year ago, as it reported on Monday. Net profit rose 10.3 per cent to €311m, versus a consensus of analysts’ expectations of €277.8m. Charges against bad debts fell and offset weaker revenue from lending.
What to expect from Spanish banks in Q2’15
The Corner | July 26, 2015 | Spanish listed banks’ Q2’15 earnings season starts today. Analysts at AFI are less optimistic than consensus estimates.
Spain unemployment sees biggest Q2 fall since 2008
The Corner | July 23, 2015 | Spain unemployment fell by 295,600 people, or 5.4 % in Q2 from Q1. It is the second major Q2 drop since at least 2008, according to the Active Population Survey.
Spain public debt reaches 97.4 % of GDP in May
The Corner | July 21, 2015 | Spain’s total public administration debt stood at €1.040 trillion at end-May, up €7.890 billion from a month earlier and representing approximately 97.4% of gross domestic product (GDP), according to the Bank of Spain. The government expects public debt to reach 98.9% of GDP in 2015.
Spain: Now is the time to win the election
BARCELONA | July 17, 2015 | By Joan Tapia | The lowering of the income tax while taking money from the country’s pension funds can only be justified as a way to inject optimism before the election.
Qatari investor bet on El Corte Inglés provides stock market price reference
MADRID | July 15, 2015 | By Fernando G. Urbaneja | El Corte Inglés, which just sold a 10 percent stake for 1 billion euros ($1.1 billion) to a Qatari investor, is a rara avis both in Spain and overseas.
Investors would rather bet on Spanish stocks instead of bonds
MADRID | July 3, 2015 | By Francisco López | Investors who bought a Spanish 10-year bond last January 1st are losing today 3.8% of their investment. Those who chose a financial product linked to lbex35 earned 6% in the same period, despite the recent fall caused by the Greek crisis.The evolution of the Spanish stock market has been better in the first half of the year and, according to experts, may further improve.