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
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.
BoS recommends Spanish banks consolidate further, invest in innovation
The Corner | June 28, 2015 | Seven years after the crisis, and after a widespread restructuring process, Spanish banks still need to achieve a sustainable business model, the country’s central bank governor said.
“We need to progress towards a European economic government”
BRUSSELS | June 26, 2015 | By Jacobo de Regoyos | Along with other EU state members, Spain called for a eurozone-level budget for emergency rescues, and issue debt in the form of eurobonds. Álvaro Nadal, Director of the Economic Affairs Office of the Spanish Prime Minister explained it for The Corner. This is the first part of the interview.
Spain yields widen ahead of another crucial week for Greece
The Corner | June 15, 2015 | Spain’s yield spread soared as Greece talks have stalemated in recent weeks. The country’s 10-year bond yield rose 12 basis points to 2.37 percent at 11:21 a.m. London time.
The Eurogroup presidency: A battle Spain cannot afford to lose
MADRID | June 11, 2015 | By Francisco López | The appointment of Spanish Economy Minister Luis de Guindos as president of the Eurogroup was a sure bet until the Dutch finance minister and current Eurogroup chief said he will stand for the post again. Possibly affected by this bad news, Mr De Guindos made a very unfortunate intervention about the Spanish banking sector’s restructuring.