
Spain’s tourist regions to be hardest hit by Brexit
Valencia, Balearics and Canary Islands most likely to suffer, Spanish government report indicates

Valencia, Balearics and Canary Islands most likely to suffer, Spanish government report indicates

Government report predicts heavy cost to economy and risks to tourist industry, as well as migration

Eurostat analysis on eve of International Women’s Day shows that Spain ranks better than EU average

EC praises economic progress, but notes this does not automatically result in better societal indicators

European Commission sees signs of slowdown, questions Madrid’s ability to meet tax revenue forecasts

Despite shortfall of 1.1%, Brussels is confident Madrid will meet its overall goal of 20% by 2020

EU says Spanish budget plan for 2017 is broadly compliant with EU requirements for now

Brussels is concerned about PM Rajoy’s ability to get new adjustments approved in a hostile Congress

Ruling which cannot be appealed means lenders now have to refund €3 billion earned before 2013

Madrid joins list of European cities vying to host some of the City’s lenders in the post-Brexit world

Opposition Socialists vow to block any “anti-social” draft by the PP minority government

But Luis de Guindos hopes it will not be necessary to slash €5.5 billion from the budget

European Commission warns Madrid of dangers of not meeting deficit reduction commitments

But it is still unclear whether Madrid will finally face fines, as the Commission deals with pressure from members who want exemplary punishment and those who favor leniency

Leaders from Finland to Spain unable to agree on joint measures to guarantee security

A late change in attitude by the German finance minister was key in preventing a fine for overshooting budget deficit targets

In exchange for leniency, the Commission sets tough new goals between now and 2018

European Commission says Málaga test center aid did not help regional development

Analysts are forecasting that lower tax revenues and higher spending will take the figure close to 4.1% of GDP

Diplomats agree that the region’s fifth largest economy is losing political relevance in the EU

In a letter to European Commission, Spanish PM says he is “prepared to adopt new measures”

EU postpones sanctions for deficit target miss but demands more adjustments between now and 2017

Chairman of Council of Economic Advisors says Brussels should relax its regulations

European Commission will demand more adjustment and start proceedings for constant target misses

The Spanish government has not accepted a single person since admitting 18 at the end of 2015

European Commission raises economic expansion to 2.8% in 2016 and 2.5% in 2017

European Commission lays out views of current situation in its draft ‘Spain 2016’ report