MADRID | By J.P. Marín Arrese | The Spanish PM has a hot agenda for the rentrée. Not only Mr Rajoy has to deal with the corruption scandal of his party but also with UK over Gibraltar’s dispute. The good news is that Spanish bonds yield is pretty low and giving Madrid some fresh air to reduce the deficit, still very high.
MADRID | By J.P. Marín Arrese | The summer break has delivered a much needed respite to Spanish banks, yet the forthcoming autumn will bring them a number of hurdles and potential pitfalls. For the author, the most worrying fact is the lack of ambition in performing a much needed restructuring.
MADRID | Since the start of the financial crisis in 2008, the Spanish banks have reduced their presence in 7,925 branches or -17.2%, the equivalent of a 53.6% of the whole Eurozone’s banking sector.
VALENCIA | By Luis Torralba, via valenciaplaza | Rosend Ortí, director general at Caixa Popular, one of the very few small saving banks that have survived the financial typhoon in Spain: “The partnership model resists well against the current crisis.”
MADRID | By Luis Arroyo | The Spanish government is simply enforcing the law–a law that the British government has signed. Madrid, unlike London, still has the option of increasing its pressure without pointless nationalistic antics like Royal warships.
MADRID | The Autonomous Communities with the greatest number of mercantile companies created were Comunidad de Madrid (1,679) and Catalonia (1,322).
BARCELONA | By Enric Fernandez | Both institutions and culture have a lot of inertia. There is no doubt, however, that this is much more the case with culture. Implementing a cultural change is surely impossible in the short term.
MADRID | By José Hervás | European commissioners and top officials can receive up to 70% of their salary when they retire, which in most cases translate into more than €10,000 per month.
MADRID | By Carlos Díaz Guell | A factor to bear in mind is that in the most successful exporting sectors, foreign investment punches high and has become vital to the economy and the Spain brand.
MADRID | By José S. Mendoza, via capitalmadrid.com | “The staggering unemployment in Spain we have suffered will now be reversed and we can expect our economy to begin its recovery.”