immigrants working

Spain is the only major Eurozone economy losing productivity since 2018, despite NextGen funds

According to the latest estimates from the International Monetary Fund (IMF) released this week in Bangkok, Spain is the only major Eurozone economy that has lost productivity since 2018. Its calculation is that Spain will have lost one-tenth of a percentage point in the 2018–2027 period, which coincides with Pedro Sánchez’s term in government. Productivity is the key indicator for increasing a country’s GDP per capita, raising wages without losing…

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Crédito y CauciónCrédito y Caución
Friedrich Merz, leader of the CDU

AfD Also Prevails in Mecklenburg, Where the CDU Is Left Out of the Regional Parliament

The CDU falls by 8.2 points in Berlin and nearly eight in Mecklenburg-Western Pomerania, where it is reduced to 4.9% and obtains the worst regional result in its history. By failing to clear the electoral threshold, this will mark the first time since the founding of the Federal Republic that it is left out of a regional parliament. Alice Weidel’s prophecy is beginning to come true. Following the victory of…

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Banner CIR, junio 2022

Kristalina IMF

IMF warns: “China needs to spend more; the United States, save more; and Europe, invest more”

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy’s resilience is reaching its limit, which is why countries urgently need to fix their public finances—as “winter is coming”—as well as address growing global imbalances, for which “China needs to spend more; the United States, save more; and Europe, invest more.” At a press conference in Bangkok during the IMF and World Bank…

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interviews

rosa garcia consejera caixabank acerinox ence

“Many companies complicate CSRD implementation more than necessary”

Rosa Mª García Piñeiro, board member at Caixabank, Acerinox, and Ence—serving as chair of the sustainability committee for the latter two and as a committee member at Caixabank—explains that “the directive does not set the materiality threshold. The company decides it based on its own criteria. There is nothing in the legislation that prescribes what is material and what is not. The auditor-verifier may have one opinion, the company may…

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antonio bonet

“We need to approach negotiations with the U.S. on terms that are completely different from those currently being proposed”

Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…

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