economic crisis

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” [...]

Yes Moravcsik, we need to be more positive on Europe; and on the Euro too

The debate on Europe is largely dominated by doomsayers. The dominant discourse is that the European Union is in disarray. European policymakers are unable to get their act together. There is an increased rift between the creditor North and the indebted South. Economically speaking, Europe will be stuck in [...]

Japan: facing challenges

The past three years have been a time of changes for Japan. On the one hand, changes have been brought about by natural causes: the consequences of the fierce tsunami that struck the islands forced the administration to change its energy policy, which was largely based on nuclear power; [...]

Spain’s Unemployment Conundrum

There is only a glimmer of light in Spain’s long unemployment tunnel after five years of recession. This is because a new economic model has yet to emerge to replace the one excessively based on the property sector, which collapsed with devastating consequences. The depth of Spain’s crisis is [...]
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