Economy and Politics Articles

The Spanish Budget for 2014. Will this help to stimulate the Spanish economy?

Claudia Vargas Puccio 30 December 2013

Many argue that "Spain is different". They mostly refer to the country's wealth in traditions and culture, and the Spaniard's general lax and positive attitude towards life's hardships. In this sense, it is excellent that Spain is different.Unfortunately and most recently, phrases such as the above ...

When will they learn?

Alistair Spence Clarke 07 June 2013

I was enjoying a pleasant lunch overlooking the paseo marítimo in Marbella in the company of Max, a client of many years. We were reflecting on how wonderful life is in Spain and remembering the dismal weather and general greyness of our previous existences in the Northern climates. The b...

Return of the Dreaded Spanish Wealth Tax - A Brief Commentary

Alistair Spence Clarke 03 October 2011

Many will remember that happy day in December 2008 when the Spanish Government eliminated Wealth Tax, or so it was thought...! The idea in 2008 was to make Spain a more attractive economy and do away with an archaic tax that has its roots in 1977 when inflation and interest rates were in double fig...

Latest Economic and Unemployment Crisis Proposals

Miguel Ángel Blanca Prieto 02 March 2010

The Spanish Government, currently the PSOE which is the main centre left party, announced on 1 March 2010 a number of proposals to stimulate the creation of employment and the economy in general. The main proposal is to incentivise property refurbishment which the Government believes will create 350...

Marbella - The New Urban Plan is Published

Alistair Spence Clarke 25 May 2010

The new PGOU (Plan General de Ordenación Urbanística) for Marbella has its origins in the Andalucia land zoning law LOUA (Ley de Ordenación Urbanística de Andalucía. Ley 7/2002, of 17 December). The new PGOU incorporates the necessary regulations and plans to bring Marbella's infrastructure up to d...

Direct Government Finance for Small Businesses

Alistair Spence Clarke 01 June 2010

The Royal Decree-Law 6/2010 includes a number of measures to stimulate the recovery of the Spanish economy and employment. Amongst these measures Government has decided that the ICO (Instituto de Crédito Oficial - the State's own credit organisation) should grant loans directly to small businesses,...

Easier Finance for Small Businesses

Alistair Spence Clarke 26 September 2010

These loans started on 15 June 2010 and will run until 31 December 2011. Small companies and self employed could now be able to receive finance easier from ICO than a bank. This is because you can now deal directly with this entity without the intervention of any bank. As it is the ICO institution a...

Stop Press - Sarkozy Says Spain is no Longer in the Front Line!

Alistair Spence Clarke 30 October 2011

If only politicians could create reality. If only. France's top man, praised Spain's political leaders for their "enormous efforts" and "responsibility" in taking steps to reduce the country's deficit and allay the fears that Spain will follow Greece into the abyss of default. When I read this in ...

Spanish Banks in Ruin - The Story so Far (And a Bit About King Canute)

Alistair Spence Clarke 28 November 2011

The last property crash in Spain happened in the early 1990s, at a time when the internet did not exist and so the authorities were able to keep a lid on the real story. These days, with the internet providing such a rich source of commentary and information, the authorities can no longer hide their...

Spanish Bank Crisis - Were the Auditors Asleep on the Job?

Alistair Spence Clarke 23 May 2012

Let's face it; these bad debts didn't arise overnight. They have been fermenting for years. Apart from a few blogs in the US about the performance of US auditors in the run up to the Lehman banking crisis, I have found nothing in my googling that even raises the issue of the performance of the aud...

Will Rajoy Have What it Takes After the Spanish Elections on Sunday?

Alistair Spence Clarke 18 November 2011

On Sunday, the Partido Popular, the centre right political party is expected to romp home with an overall majority of the 350 member Congress of Deputies, Spain's lower legislative house. The newspapers predict that the elections, that use the d'Hondt system of proportional representation, will giv...