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Story of a Crisis: January 2013

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Thursday, January 31, 2013. The mother of all corruption cases in Spain. People´s Party treasurer from 2008 to 2009. Spain´s ruling People´s Party (PP) has not had seven days of calm waters since it won the election a year ago. Some weeks the bail-out threat is around the corner while others there are strikes, protests or political instability because a region wants to become independent. This week´s problem has been corruption. Yes, once again. The PP´s treasurer between 2008 and 2009, Luis Bárcenas.

storyofacrisis.com

Story of a Crisis: May 2014

http://www.storyofacrisis.com/2014_05_01_archive.html

No posts. Show all posts. No posts. Show all posts. Subscribe to: Posts (Atom). Why the Spanish economy will not improve in the sh. View my complete profile. Template images by Jason Morrow.

storyofacrisis.com

Story of a Crisis: May 2012

http://www.storyofacrisis.com/2012_05_01_archive.html

Sunday, May 27, 2012. Why does the Spanish Stock Exchange Shrink? Spain entered in recession last month. For the second time in three years. Shrink by 1.7% during this year. Consequently, the Madrid Stock Exchange has continuously fallen since July 2011. Have a look at the graph. However, some European countries economies have grown in the last two years or have recovered somehow after the 2008 financial crisis. For example Germany. Among the 30 most important companies in Germany there are:. Germany has...

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Story of a Crisis: May 2013

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Friday, May 17, 2013. Why the Spanish economy will not improve in the short term. 1 There are around 6 million people. Currently unemployed. This drags down consumption and, at the same time, hampers companies growth. If businesses do not grow, they cannot hire new employees. Besides, having 25 percent of the labor force unemployed makes the state pay out. A lot of money in subsidies, instead of spending it in other areas. 2 Banks only grant 30% of the loans that companies ask for. Three leading business...

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Story of a Crisis: Spain´s PM breaks promise on public pensions

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Monday, December 3, 2012. Spain´s PM breaks promise on public pensions. Mariano Rajoy, the Prime Minister of Spain, announced this weekend that public pensions will not increase for retired people at current CPI that sets the country´s inflation in November at 2.9%. Then, Mr. Rajoy has broken another promise, despite the fact that he declined to cut or even freeze retirement subsidies on numerous. Spain´s population is rapidly aging and 30% of Spaniards. To recapitalize the country´s banking sector.

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Story of a Crisis: December 2012

http://www.storyofacrisis.com/2012_12_01_archive.html

Tuesday, December 18, 2012. Four positive economic indicators in Spain. As everybody knows, the Spanish economy is going through a prolonged recession. High unemployment, a crippled banking system , and a huge private debt, among other issues, are some of the signs that have led to stagnation. Nevertheless, some economic indicators allow having an optimistic look at the current scenario as the president of the European Central Bank, Mario Draghi. 1 Spanish 10-year bond yield decreased. Tourism still make...

storyofacrisis.com

Story of a Crisis: Four positive economic indicators in Spain

http://www.storyofacrisis.com/2012/12/four-positive-economic-indicators-in.html

Tuesday, December 18, 2012. Four positive economic indicators in Spain. As everybody knows, the Spanish economy is going through a prolonged recession. High unemployment, a crippled banking system , and a huge private debt, among other issues, are some of the signs that have led to stagnation. Nevertheless, some economic indicators allow having an optimistic look at the current scenario as the president of the European Central Bank, Mario Draghi. 1 Spanish 10-year bond yield decreased. Tourism still make...

storyofacrisis.com

Story of a Crisis: Catalan leader falls short to win majority mandate according to polls

http://www.storyofacrisis.com/2012/11/catalan-leader-falls-short-to-win.html

Sunday, November 18, 2012. Catalan leader falls short to win majority mandate according to polls. The Catalan nationalist party Convergencia i Unió (CiU) will win parliamentary elections in Catalonia on November 25, but it is unlikely that will make an absolute majority needed to hold a referendum on Catalonia´s independence from Spain as an opinion poll published in the newspaper " El País. The Catalan President, CiU´s leader, Artur Mas. However, the debate on independence seems to have benefited those ...

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Story of a Crisis: The Government will limit Spanish majors salary, a first step to reduce politician privileges

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Monday, January 21, 2013. The Government will limit Spanish majors salary, a first step to reduce politician privileges. The Government announced last month that Spanish mayors´s payroll will not exceed €68,000 a year. And their salary will depend on the city´s population. So the larger the city, the higher the salary. Around twenty mayors. Already surpass that figure. Who makes €78,000 a year. Nevertheless, there are several things to be done if they really want to close the gap with the regular people.

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Story of a Crisis: Catalan nationalists win regional elections

http://www.storyofacrisis.com/2012/11/catalan-nationalists-win-regional.html

Sunday, November 25, 2012. Catalan nationalists win regional elections. The nationalist party Convergencia i Unió (CiU) has won the parliamentary elections in Catalonia but it has not been able to make an absolute majority to hold a referendum on independence as opinion polls suggested. Analysts expected that CiU would maintain its number of seats (62) in the assembly but the right-wing nationalist party´s leader, Artur Mas,. The unpopular austerity measures implemented during Mr. Mas. In the second plac...