The candidate proposed by the Government to preside over the Frob, Paula Conthe, believes that the new round of mergers announced in the banking sector will not lead to a worrying increase in financial concentration and rules out that it will worsen exclusion in some provinces of the country. “The duplication of offices and closures […]
Tag: Bank of Spain
Competition receives the CaixaBank-Bankia transaction and starts the merger clock
The National Markets and Competition Commission (CNMC) has already received the notification of the merger between CaixaBank and Bankia, which means the start of the countdown for the operation to be completed. The regulator now has one month to assess whether the creation of the ‘superbank’ reduces competition in the market and, in this case, […]
The Government extends its aid plan for the economy but omits the direct aid claimed by the companies
The Government has announced the renewal and extension of the aid schemes launched with the hibernation of the economy last April, setting aside the request for urgent direct aid demanded by different business sectors due to the economic consequences of the second wave of the pandemic. The Vice President of Economic Affairs Nadia Calvio has […]
Calviño hopes that the EU will resolve “in weeks” the veto of Poland and Hungary due to the urgency of the arrival of funds to Spain
“We hope that this situation will be resolved because it is urgent that the multi-year framework be approved.” The specter of a blockade on the arrival of funds for 140,000 million euros negotiated last July within the European Union has been present today at the meeting that the Government has held with social agents to […]
The former economic brain of Ciudadanos criticizes the Budgets: “They raise the salary to the most protected jobs”
The former economic brain of Ciudadanos charges against the Government Budget Project for 2021. Toni Roldan has prepared a report for Esade in which it does not give credibility to the forecasts, or to the income and criticizes that the expenses include raising salaries for officials, in line with the Bank of Spain: “The macroeconomic […]
Montero announces that the Government will lower the VAT on masks from 21 to 4%
The Minister of Finance has defended the General State Budgets, assuring that it is a “project of the country, not of the Government.” “They lend”, he said, “confidence and certainty in the face of discouragement and hope” and this despite the fact that both the Bank of Spain and the AiRef have labeled them outdated […]
Escrivá ignores the Brussels warnings and criticizes the Bank of Spain for not “learning” from past mistakes
 Jose Luis Escriva came to the Government as one of the figures with the greatest respect and credibility in the economic sphere of Spain. His appearances in Congress as president of the Independent Authority for Fiscal Responsibility (AIReF) were highly anticipated and valued by all forces. And his warnings were always taken into account […]
Calviño defends the salary increase for civil servants, because it helps to “recover consumption and activity”
The Economic Vice President, Nadia Calviao, has shown “surprise” by the criticism of the governor of the Bank of Spain, Pablo Hernandez de Cos, to the generalized rise in salaries for civil servants and has defended the measure because, among other factors, it will favor this group, seeing themselves with more income, increase their consumption […]
The ‘total amendment’ of the Bank of Spain to the Budgets: it does not see credible income, expenses or forecasts
The Governor of the Bank of Spain, Pablo Hernandez de Cos, makes an amendment to the entire State Budget project with technical arguments. The senior official who is in charge of the considered best studies service in the country shares that public investment must be increased in the face of the pandemic, but neither the […]
Spain intensifies economic diplomacy in search of investments
The epidemiological reality that Spain is experiencing due to the coronavirus pandemic added to the deterioration of the economic situation have had and still have an important impact on the image and reputation of Spain abroad. Damage that can be significant and have a major impact on the accounts. That is why Spanish diplomacy has […]
