Spain

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 [...]

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 [...]

Draghi’s morphine has stalled the Eurozone’s reform efforts

More than three years after the EU leaders agreed to establish a banking union for the Eurozone, and Mario Draghi announced that he was ready to do “whatever it takes” to save the euro it is time to take stock of what has been achieved so far in making [...]

Global Spectator, by Andrés Ortega Elections in Spain: just part of a general European volatility

¿Whoever wins, will Spain’s 20 December general elections mark the beginning of a new era? Of course, they must be seen not only in a specifically Spanish context but also in terms of the volatility and state of flux of electorates, societies and social and political systems prevailing in [...]

Global Spectator, by Andrés Ortega 30 years later: is the EU becoming too narrow for Spain?

Spain and Portugal’s act of accession to the European Communities was signed on 12 June 1985 in Lisbon and Madrid. It was a poignant moment, though overshadowed by a terrorist attack by ETA. For many democrats it was the realisation of the dream of joining a project from which [...]

Think tanks and universities: what, why and how?

What are think tanks, and what is the nature of the relationship between them and the old universities from which almost all think tankers hail? This is a brief and very provisional attempt to think through how think tanks operate, and how they relate to the traditional universities with [...]

Global Spectator, by Andrés Ortega Tsipras’ responsibility… and Europe’s also

Alexis Tsipras, who will be the new Greek Prime Minister, and his radical-left coalition Syriza emphatically won last Sunday’s election, although two seats short of an absolute majority. For the first time one of the so-called populist movements, in this case from the left, has won a general election [...]

How much Spanish sovereign debt does China hold?

After years trying to find out the currency composition of China’s foreign reserves portfolio (a topic mired in the outmost secrecy), I thought finding out who holds Spanish sovereign debt would be an easier job. Not least because we Europeans tend to think or at least pretend we are [...]

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