“People reject capitalism because they think it is based on shady deals”
Luis Garicano argues that Spain’s institutions need a huge dose of transparency Only then will confidence return to the economy
IMF triples its growth forecast for the Spanish economy
GDP to rise by 0.6 percent in 2014, according to Washington-based organization’s new report
Sacyr confident of reaching agreement to finish Panama Canal project
But consortium’s threat to suspend waterway expansion work over cost overrun dispute has not been withdrawn
Interest rates paid by Spanish SMEs on bank loans at lowest level since July 2010
But lending to small companies remains weak, putting a drag on the recovery
Spanish Treasury plans lower net debt issues for this year
Economy Ministry unit may also sell inflation-linked bonds
Foreign investors pile into Spanish sovereign debt
Overseas investors increased their holdings by a record 21 billion euros in November
Crisis wipes 80,000 Spanish households off the map
Immigrants leaving the country and young people moving back home considered prime reasons
IMF warns of corporate loan default problems in Spain, Portugal and Italy
Spanish lenders could face losses of 104 billion euros from bad debt, but have coverage lined up
IMF improves growth forecasts for Spain but raises its estimate for unemployment
Agency sees GDP contracting 1.3 percent this year, but predicts growth of only 0.2 percent in 2014, 0.5 points less than the government
Unproductive Spain
Competitiveness has improved, but it has been at the cost of jobs The country needs to increase investment in new technology, say experts
Administration saves €950 million by paying off loan early
Plan is to return part of 27-billion-euro credit taken out to help regional and local governments pay their suppliers
Spain becomes net recipient of remittances for first time in a decade
Spanish people living overseas send record amounts back home Naturalized Spaniards may be source of funds
Experts see positive but minimal economic growth in third quarter
Pace of the recovery next year too weak to create jobs
Price hikes push up outlays on health, electricity, transport and education
Average household expenditure falls by 12 percent as recession bites deeper
Public debt passes 20,000 euros per capita for first time
State indebtedness reaches almost 90 percent of GDP
IMF sees weaknesses in banking system
Fund calls on banks to both boost capital and increase lending
When being in employment is no guarantee of taking home a wage
As firms struggle to survive, more and more workers are not being paid The Salary Guarantee Fund budget has been cut by a third, to 843 million euros
Spain signs up to EU plan to combat youth unemployment
Euro zone remains in recession for sixth straight quarter as Germany vows to tackle joblessness
Spanish companies are among the most indebted in Europe, IMF says
Agency warns Spain’s risk premium could jump again if economy remains weak and reforms are not implemented
IMF sees Spain’s jobless rate climbing to 27 percent this year
Agency now predicts that Spanish economy will contract by 1.6 percent in 2013
"We are aware that Spaniards are going through bad times," Draghi tells Congress
The president of the ECB meets with Spanish politicians behind closed doors Leftist-green group ICV leaks videos of private meeting
Regions to get a third of Spain’s 2013 net sovereign debt issues
Amanda Mars / Agencies|
Treasury to sell 71 billion euros in bills, notes and bonds
Stretched households start to cut back on food purchases
Agriculture Ministry notes that consumption dropped in September and October
Cabinet approves financial reform that tightens controls on lenders
‘Bad bank’ will have up to 15 years to sell off toxic real estate assets
Draft decree to include salary caps for executives at failed banks
Bank of Spain to intervene early in lenders that are starting to flag Shareholders to assume losses in financial institutions that receive aid
PP Minister Báñez leaks Socialist layoff plan to press
Opposition cries foul over filtering of party workers’ redundancy to conservative newspaper
Jittery foreigners take the money and run from Spain
As risk premium rises, non-residents move funds out while Spaniards boost their savings