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Rajoy presu

Spanish Politics 1st June 2018

If The New Spanish Government Complies With General Budget, Economic Growth Should Not Be Derailed

In Spain today all eyes will be on the voting on the no-confidence motion which we expect will be successful. Unless current Prime Minister Mariano Rajoy decides to resign ahead of the vote. So everything points to PSOE leader, Pedro Sánchez, becoming the new Prime Minister. It looks like he will not propose new elections immediately, which we believe will prolong the political instability in the country.

Colonial's bid for Axiare

Ibex, Markets 21st June 2017

Colonial Joins Ibex 35 Index Ahead Of Becoming A Socimi

This coming Monday, Colonial will join the Ibex 35, meaning that Spain’s two biggest socimis will now be represented in the selective index.  The weighting of Spain’s property sector in the index will also be increased as it continues its recovery.

Italy and Ireland

In Europe 30th March 2017

Italy And Ireland, A History Of Two Debts

Italy’s government debt could set to be 133% of GDP this year – a level that is some 34% higher than it was at the end of 2007. Meanwhile, Ireland’s debt shot up as the government had to bail out the housing and banking sectors post-2007 and by 2012 it was very close to the same level as a percentage of GDP as Italy’s (123%9).

Italy

In Europe 16th December 2016

Italy Is Sick: Another Crisis In Its Illness Could Topple The Euro

Italy is a founding country of Europe and the euro. It has an ailing economy, which is not obvious at first sight, but its political weakness is evident. Italy is sick because of northern Europe’s austerity policies. And it can’t be expected to recover on its own because any crisis in its illness might cause the euro to take a definitive tumble.

Matteo renzi

In Europe 7th November 2016

Italy’s Referendum Could Re-Start A New Euro Crisis

AXA IM | Those wishing for a successful constitutional reform in Italy need to be aware that it could actually trigger a referendum on the euro. Growing nerves here likely explain the widening of the spread between German and Italian bonds as investors try to hedge ‘currency’ risk.

Oil gap between Brent and West Texas

World economy 1st November 2016

Saudi Reform Could Shake the Middle East

Ahmed Ezzeldin | Since oil prices plummeted from around $100 a barrel in mid-2014 to $50 in September 2016, the fiscal crisis of Saudi Arabia has deepened further. These signals point in one direction: The golden days of the generous Saudi state might be coming to an end.

VultureTC

Spanish economy 17th August 2016

Vulture Funds Leave Spain in Search of Fresh Game

F.Barciela / F.G. Ljubetic | Just as was expected, the ‘Opportunity Funds’ (or Vulture Funds as they are referred to) are starting to unwind positions and leave Spain: good news, because it shows that the days of bargains are over as the country is firmly on the road to recovery. But the fact these funds are leaving Spain doesn’t mean they will not have other opportunities. Now they are betting on countries like Brazil, Greece, Italy or Puerto Rico.