economic crisis

COVID-19 in Spain: tentatively moving toward a ‘new normality’

The COVID-19 toll in Spain is one of the highest in the world –more than 217,000 diagnosed cases, around 20% of them frontline health workers in hospitals and care homes and some 2,000 military personnel, and over 25,000 deaths. Now that the trend is finally downward, the government is [...]

Coronavirus in Spain: time to revamp the Moncloa Pacts

In times of profound crisis, countries can pull together and revive morale by political parties burying their differences and agreeing a set of measures and implementing them with or without a coalition government. This was the case, for example, of the UK during World War Two when a Conservative [...]

Inequality in Spain: let’s focus on the poor

The debate on inequality has intensified in Spain in the aftermath of the economic crisis. There is good reason for that. As the European Commission keeps warning, Spain is one of the most unequal countries in the EU. If we take the disposable income ratio between the richest and [...]

Global Spain

Only now is Spain recovering its pre-crisis (2008) GDP level. Its Great Recession took a heavy toll, particularly in terms of unemployment, but one area – internationalisation– has hardly been affected. The 2017 Elcano Global Presence Index of the Elcano Royal Institute, which measures the results of internationalisation, ranks [...]

Spain’s failure yet again to meet budget deficit target strains relations with Brussels

The conservative Popular Party (PP) government widely failed to meet the 2015 budget deficit target agreed with the European Commission (EC), leaving a daunting legacy for the next administration, whenever there is one, further eroding Spain’s credibility and straining relations with Brussels which will be asked for more time [...]

Global Spectator, by Andrés Ortega Is the world economy seizing up? It’s not just because of China

Taking a long term perspective, much has been made of the ‘secular stagnation’ notion made fashionable by Larry Summers in 2014. It may be that we are in the midst of a long cycle or facing a worldwide readjustment or purge, partly owing to the slowdown and change of [...]

Will Spain’s political stalemate damage its economic recovery?

The Spanish economy had a good year in 2015, but it ended with an inconclusive election on 20 December that produced a fragmented parliament. Almost two months later there is still no sign of a new government, and the potential impact on the economy’s recovery after a long recession [...]

United States’ global presence: who is right? Obama or Trump?

During his last State of the Union address, the President of the United States of America, Barack Obama, sought to clear the many doubts raised by the GOP presidential candidates, namely Donald Trump, the controversial entrepreneur, as to the country’s economic strength. The disastrous and uncertain “end of cycle” [...]

Contacto | Aviso legal y política de privacidad

2012-2020, Real Instituto Elcano - Elcano Royal Institute | Príncipe de Vergara, 51. 28006 Madrid (España - Spain) | Creative Commons BY-NC-ND 3.0