Details from Spain’s 2015 budget 2014 GDP 1.3% vs 1.2% prior 2015 GDP 2.0% vs 1.8% prior Wants to see 620k jobs added vs 580k prior Sees unemployment rate at 22.9% in 2015 Sees 10 year bond yielding avf 2.6% … Continue reading
Livesqawk reporting from EFE Spanish PM trying still to resolve the Catalan independence issues. No further detail at present
Spain’s National Statistics Institute has announced that the illegal sex and drugs trade were among activities that have boosted Spanish output (or input if you look at it another way ) by nearly €10bn This is the first time that … Continue reading
Spain’s industry minister Jose Manuel Soria has said that an independent Scotland would be bad for the Scots and would mean international isolation, and a yes vote would leave the Scots outside of the EU. He also said that August … Continue reading
Separatism is is like a fire you can never put out. Sometimes it’s a wildfire and sometimes a faint smudge. The referendum in Scotland has helped rekindle the separatist movement in Catalonia and today for Catalan national day as many … Continue reading
Facing deflation due to significant slack Credit growth to stay modest for extended period Spain on the road to recovery but challenges remain “The courageous reforms enacted over the past two years are paying off. The economy is growing again, … Continue reading
Spain raked in a billion euros in its first-ever 50-year bond sale today. We don’t know the yield because it was in a private placement but it came with a 4% coupon so that’s a decent guide. Spanish 30-year yield … Continue reading
And has recovered the trust of international financial markets, says Jose Manuel Soria, Spain’s minister for industry. And good luck to them as they seem to be slowly finding their feet once again.
The Spanish property market still has a very long way to go to show a decent recovery.
Prior -122.7 -0.67% vs -2.68% in June Total unemployed 4.4m