Spain government

Spanish economy 23rd November 2022

Spain government, banking sector agree package of measures to ease mortgage burden for over 1 million vulnerable households

Norbolsa | Today the Cabinet will approve a package of measures aimed at easing the financial burden of one million families who have been affected by the hike in interest rates. Households with an annual income of less than 29.400 euros, with mortgages registered up to December 2022, will be able to benefit from these measures, when the mortgage payment accounts for 30% of income and has seen a rise…

Spanish economy, Spanish Politics 18th November 2022

The Government maintains the Basque quota (6.24%) and secures the PNV’s support for the budget

Although 41 years have already passed since the rate at which the Basque quota to the State was first agreed, there will be no changes for the next five-year period (22-27). The 6.24%, the percentage of Basque funding for the common expenses borne by the central Administration -defence, Royal House, embassies, etc.- is going to be maintained for another five years.This has been agreed in Madrid by the central and…

Spanish economy, Spanish Politics 18th November 2022

Who said fear? Sánchez’s government has already raised the debt by 300 billion euros, which marks a new record high: 1.504 trillion (116% of GDP)

Debt set a new all-time high in September, at 1.504 trillion euros, which represents an increase in relative terms of 0.8% compared to the previous month, reaching 116% of GDP. By administrations, government debt rose in September to 1,329,016 billion euros, 6.8% more than a year ago and 1.15% higher than in the previous quarter, marking an all-time high. For their part, the debt of the autonomous communities fell by…

Companies, Ibex, Spanish economy 12th October 2022

Dividing up Naturgy would involve «inopportune complexities» for the Government

Banc Sabadell | The Géminis plan aimed at dividing Naturgy into two entities would involve ill-timed complexities in the eyes of the Government, according to official sources, cited by the press. The main reason should be that Naturgy is considered as strategic, due to the fact that it is the main supplier of gas to the Peninsula via Medgaz. The current environment as a result of the war in Ukraine…

Spanish Politics 21st June 2021

Spain: How Long Will The Tension Last?

Fernando González Urbaneja | How is it possible that, burdened by an unprecedented pandemic, an intense recession and historic EU aid, political groups with power or influence are incapable of reaching a minimum of hopeful consensus? A reasonable explanation would be the mediocrity and selfishness of the leaders. There are data and trajectories that support this explanation. The absence of clear, firm, reasoned strategies for most of the known problems that hinder growth is obvious.

Spanish economy 2nd March 2020

Spain Government Plans To Control Rental Prices

The Spanish Ministry of Transport, Mobility and Urban Agenda will put to Parliament before the summer an initiative to allow for the control of rental prices in those areas which have experienced exorbitant rises. With this measure, town councils and autonomous communities could put temporary ceilings on rentals in those areas where they are considered to have become very expensive. In Berlin, the cap on rental prices came into effect this very week, with the same objective as the Spanish proposal.

Spanish economy 13th January 2020

Spain: Can Pedro Sanchez lead a consistent government?

Fernando G. Urbaneja | Critics warn that the first Spanish coalition government will be a weak and incoherent one. That can be an advantage. Some call it a radical government of “communists” who come to resurrect ghosts of the past. If those guesses are not met, the cabinet will get a clear push forward.

Spain's left’s inability to unite against the right

Spanish economy 10th January 2020

First Coalition Government in Spain: Possible consequences

Alvise Lennkh (Scope Ratings) | It is unlikely that the minority government led by the PSOE significantly reduce the structural deficit and debt of Spain, while the proposal for partial repeal of previous labor market and pension reforms could adversely affect employment and sustainability of the pension system. This government coalition does not have a parliamentary majority and, therefore, depends on the support of other parties to pass each law, starting with the next general budget, which will be crucial for the credit rating of Spain (currently in A- / Stable).

The agreement on the minimum wage and the relative success of the trip to Catalonia encourages the new government

Opinion, Spanish economy 8th January 2020

The new all or nothing government for Spain

Ana Fuentes | The recently appointed coalition government is facing the biggest constitutional crisis of Spanish democracy. With almost half of the parliament against, in addition to criticism within his own party, PM Sanchez has launched an all or nothing bet. If he manages to take a part of Catalan pro-independence supporters to the constitutional path, and ERC renounces unilateralism as Basque separatism did, this will be an achievement for posterity. But the play may go wrong for the Socialists, and it would not be the first time.

Pedro Sánchez falls short of majority but will likely prevail tuesday

Spanish economy 19th December 2019

Spain: deceleration slowing down

Joan Tapia | The latest data indicate that the economic slowdown in Spain is showing some signs of reversing. That is, the slowdown is slowing down and that the economic situation in the coming months may be somewhat better than expected by some of the most pessimistic analysts. The misfortune is that this slight recovery of economic optimism has no correspondence in the political field, as the result of the 10-N elections and the subsequent movements of the parties indicate a very difficult governance.

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