Tag Archives: Spain

If Pedro Sanchez loses tomorrow's confidence vote, and if political parties fail to form a new government over the next two months, new general elections would be called. Risks to the recovery may surface if political uncertainties remain entrenched. Yesterday, Pedro Sanchez, the PSOE leader, lost the first investiture vote. A second vote will take place on Friday, 4 March. The threshold will be less demanding as only a simple majority is needed. Even so, Sanchez’s chances of winning the...

Private consumption drives 2015 French and Spanish GDP growth and the trend is likely to continue in 2016. Spain and France are the first countries among the euro area’s largest economies to publish GDP figures. According to preliminary estimates, Spanish and French real GDP expanded by 0.8% and 0.2% q-o-q respectively in Q4, both in line with consensus expectations. Over the year, GDP rose by 3.2% and 1.1% respectively in Spain and in France. The relatively good performance of both...

The Safe-haven government bond bubble did not pop, but Italy or Spain have become low yielders as well Government bond yields under 10 years for safe-havens are close to zero. In April 2013, even 20 year bond yields are less than 3%, What can explain this bubble of the century? Latest Data May 2015: A big Bond Sell-Off has started (from JGBs, over German Bunds to US Treasuries). Via Zerohedge: Having briefly tested above 3.00% on Thursday, for the first time since December 2nd, 2014, the...