“Rather than attempting to return to Their artificially inflated GDP numbers from before the crisis Governments need to address the flaws in Their Underlying economies” R.Rajan, Univ Chicago

“Governments are always Keynesian when it comes to spending. When it comes to saving They Become Stalinist “

We have read some terrible economic news for Spain . Unemployment of 27.16% and a deficit that reached 10.6%. A 7.1% excluding banking aid. Spain, for the fourth consecutive year, reached a deficit of more than 100 billion euro. That’s a level some politicians want to relax!!! . However, we have also received great news that we should not forget. The banking sector has recovered 25% of the deposits lost in 2012 and the corporate debt has fallen to 2006 levels. Continue reading Spain: Austerity, Yes Please →

This article comes courtesy of @_perpe_ (his charts on Twitter in Spanish) and was published here on February 7th, 2013The economy in Spain is going through one of the most difficult moments in its recent history. The terrible crisis that began five years ago is causing very worrying job losses and business closures that will be difficult to recover in the medium term. The austerity measures taken by the government have not had a positive effect on growth so far. At this point, it seems necessary to establish additional structural reforms in order to achieve higher economic dynamism. Continue reading 12 years of the Spanish economy in 12 charts →

INVEST IN SPAIN is the official Spanish organisation for the promotion of foreign investment in Spain. It focusses on new direct investment and investment in companies. Please find below the link for the presentation on opportunities for investment in Spain. I would like to highlight the sectorial approach with information on the main sectors of the Spanish economy.

http://www.investinspain.org/icex/cma/contentTypes/common/records/viewDocument/0,,,00.bin?doc=4461005

This article was published in El Confidencial on January 19th 2013

“This threat of cronyism and patronage is not a threat. I think it’s a promise ” John Gage

“I do not worry if there are useless people in this organization, what worries me is if the useless are proactive.” This sentence comes from a senior executive with whom I had the pleasure of working for many years, and it encapsulates the biggest risk facing the ‘brand Spain’ after the recent embrace of optimism courtesy of the fall in sovereign risk premium. Now Spain faces its own acid test. Continue reading Kleptocracy, value creation and the opportunity for Spain →