spain GDP growth

spain budget 1

Spain’s Public Administrations Will Be Financially Stretched without a budget

Spain’s socialist party PSOE doesn’t seem to be too worried about the fact the country may not have a 2017 Budget. But it’s increasingly clear to all of us that the lack of a budget will not be without a cost. On the contrary, it will greatly affect a large part of Spanish society. Almost all economists believe that the impossibility of drawing up new accounts, and updating certain items, could mean that the amount spent on civil servants’ salaries will be maintained.


Credit Continues To Fall In Spain, Despite Exceeding Eurozone Peers

In 2015, the Eurozone once again saw positive credit flows and a recovery in credit balance rates as a result of new transactions. But volumes are still well off pre-crisis maximum levels. In Spain, what does limit credit demand is the fact that companies have had positive financing capacity for the last seven years, which means that those with less debt have a strong self-financing buffer.