Articles tagged as: European Central Bank

July 18th, 2014

According to projections contained in the Coyuntur report for the second quarter of 2014, prepared by the Ministry of Industry, Energy and Tourism, Spain will receive 22.7 million international tourists in the third quarter of the year, coinciding with the summer months, which is an estimated increase of 1.7% compared ...

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June 17th, 2014

The Foundation of Savings Banks (Funcas) have forecast that between 2014 and 2015, unemployment in Spain will drop by almost a million people, and they also predict economic growth of 1.4% for this year and 2.2% in 2015. According to the Funcas economic forecast published last week, the unemployment rate will ...

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May 14th, 2014

According to a new pan-European survey published this week by the Pew Research Centre, 34% of Spaniards believe that their economy will improve in the next 12 months, which is 11 points more than in 2013, although only 8% believe that the current situation is good, compared to 85% of ...

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March 27th, 2014

The rating agency Standard & Poor's (S & P) stated on Monday that the eurozone will grow by 1% in 2014 and by 1.4% in 2015, and predicted that the Spanish economy would grow by 0.8% this year, to match the average pace of growth in the eurozone next year. This ...

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January 20th, 2014

A total of 670,000 counterfeit euro banknotes were withdrawn from circulation in 2013, a figure that represents an increase of 26.3% over the 531,000 notes that were recovered in the previous year, according to data from the European Central Bank (ECB). In fact, El Economista reported that, during the second half ...

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November 8th, 2013

For the first time since 2008, the PwC Economic Consensus has forecast an improvement in the Spanish economy over the next twelve months, with advances in productive investment, household consumption and even employment. PwC have prepared this consensus since 1999, employing a panel of over 380 experts, entrepreneurs and executives. ...

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October 3rd, 2013

The twelve month Euribor closed September up, with an average rate of 0.543%, although mortgage payments lowered by an average of 9 euros per month, or more than 100 euros per year. According to market data, the monthly Euribor average is slightly higher than the 0.542% recorded in August. However, it ...

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September 19th, 2013

According to the president of the European Central Bank (ECB), Mario Draghi, the fragility of the eurozone economy persists despite the signs of improvement experienced in various fields and the end of the recession in the second quarter. At a ceremony held in Berlin earlier this week Draghi said: "The ...

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September 11th, 2013

In July, the cost of loans to small- and medium-sized enterprises (SMEs) in Spain and Italy stood at their lowest levels of the past two years, but are still well above the interest rates enjoyed by their German counterparts, the Financial Times newspaper highlighted last week. Specifically, the article ...

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July 24th, 2013

The European Central Bank (ECB) said on Friday that in the first half of 2013, 317,000 counterfeit euro banknotes were withdrawn from circulation, which is 26.3% more than in the same period of last year and 13.2% more than in the previous semester. The ECB said: "the notes of 20 euros ...

Continue reading Number of Counterfeit Euro Banknotes up 26.3% to June

June 28th, 2013

"The Spanish economy seems to have bottomed out and be ready to start growing," says the latest forecast from consultants, Ernst & Young, who estimate that the Spanish economy will fall by 1.7% this year but rebound by 0.2% in 2014 and by 1.5% between 2015 and 2017. Although for ...

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April 15th, 2013

In 2010 the average net wealth of households in the eurozone periphery countries, such as Spain or Italy, exceeded the wealth in the monetary union’s core economies, such as Germany and France, according to the first Eurosystem financial and household consumption survey published by the European Central Bank (ECB). El Mundo ...

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March 7th, 2013

Earlier this week the European Commission called on Spain to limit the application of the reduced VAT rate and raise fuel taxes in order to reduce the deficit, in addition to continuing with the labour and pensions reforms, delaying the effective retirement age. These demands collide with the ideas defended ...

Continue reading Brussels Calls for More VAT Increases and Continued Reforms

February 28th, 2013

The Spanish Economy Minister, Luis de Guindos, has reiterated the Government's intention to cut taxes in 2014, combining efforts to reduce the deficit with measures to boost growth and get Spain out of recession. In an interview with Reuters earlier this week, De Guindos said that the Stability and Growth program ...

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February 21st, 2013

The President of the European Central Bank, Mario Draghi, said on Monday, before the European Parliament, that economic weakness will prevail in the eurozone in early 2013, but that he foresees a gradual recovery throughout the year. During his speech, Draghi warned that any relaxation of fiscal adjustments would jeopardise economic ...

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