debt crisis
May 23rd, 2013
According to a study carried out recently by the international investment manager, Schroders, Spanish investors, along with the Italians and Portuguese, showed the least confidence in investment opportunities for the current year. The survey, conducted among 14,800 investors from over twenty different countries, specifically places the Spanish as the third ...
Continue reading Spanish Investors Among Least Optimistic for 2013
January 15th, 2013
The European Central Bank President, Mario Draghi, has encouraged Spain and other southern European countries to persevere with their sacrifices. In a press conference when the central bank announced their decision to maintain the official price of money unchanged at 0.75% in the eurozone, Draghi responded to criticisms that have ...
Continue reading Draghi Urges Spain to Persevere With Sacrifices
November 23rd, 2012
After his meeting with the President of Brazil, Dilma Rousseff, the Spanish Prime Minister, Mariano Rajoy, highlighted the excellent health of relations between the two countries. Rajoy spoke to Rousseff about Spain's interest in the economic development of her country and in the investment projects being undertaken by the Brazilian ...
Continue reading Spain Strengthens Relations With Brazil
November 15th, 2012
At the closing ceremony of the 15th National Conference of the Family Business Institute (IEF) in Barcelona, the Vice-President of the Spanish Government, Minister for the Presidency and Government Spokesperson, Soraya Sáenz de Santamaría, announced that the Government will approve a Royal Decree-Law on Thursday which will contain the "most ...
Continue reading Government to Announce Urgent Measures on Evictions
November 7th, 2012
According to provisional data published on Monday by the Bank of Spain, Spanish families held debts amounting to 840,580 million euros in September, which is 4.2% less than a year earlier and the lowest level since June 2007. Of these 840,580 million euros, the greatest part, 77%, was for loans for ...
Continue reading Household Debt Lowest Since Start of Crisis
November 2nd, 2012
According to a global study carried out by consultancy firm, Nielsen, 86% of the Spanish claim to have changed their buying habits over the last year in order to save on household expenses. This percentage is "well above the European average," which is currently at 65%. The study noted that ...
Continue reading 86% of Spanish Have Changed their Shopping Habits
October 8th, 2012
Recent data published by the OECD and released by the Economic Research Institute stated that Spanish workers worked an average of 1,690 hours in 2011, which representing a 19.6% increase over the 1,413 hours worked by Germans. According to the data, developed countries worked an average of 1,776 hours in ...
Continue reading Spanish Worked 20% More Hours than Germans in 2011
October 1st, 2012
Spain’s domestic electricity tariff (TUR) is to become cheaper by 2.29% from 1st October, while the price of natural gas will remain the same and the price of a gas cylinder will drop by 4.6%. The Ministry of Industry, Energy and Tourism confirmed in a statement, that the 4.6% drop ...
Continue reading Electricity and Gas Prices to Drop in October
September 27th, 2012
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has urged politicians around the world to take advantage of the opportunities the latest political decisions offer, in order to implement actions which will achieve a decisive change in the global crisis. "This time we need a sustained recovery, ...
Continue reading IMF Says “Europe Still Needs Urgent Action”
September 19th, 2012
In application of the Budgetary Stability Act, the Minister for the Treasury and Public Administration Services, Cristóbal Montoro, accompanied by the State Secretary for Budgets and Expenditure, Marta Fernández Currás, and the State Secretary for Public Administration Services, Antonio Beteta, announced the 2012 second quarter budgetary performance figures for the ...
Continue reading Regional Governments on Track for Year End GDP Target
