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Catalonia is hugely important for spain. It represents a fifth of the national economy. But it already has one of europes worstjobless rates at over 17 . Since the independence referendum back in october, the vital tourist industry has taken a big hit. And almost 3,000 firms have moved their legal headquarters out of catalonia, including the regions biggest banks caixabank and sabadell. Professorjavier diaz gimenez is professor of economics at Iese Business School in madrid. Thank you forjoining us. The aim of this election was to try to clear things up but itjust caused more uncertainty. Absolutely. Things are muddled up. It is true the not Independence Party got the most votes, but they do not have a majority in parliament. Pretty much it is going to be more of the same, with added uncertainty of having some politicians in jail and with added uncertainty of having ....
Spain inches ahead with pension reform Issued on: 18/07/2021 - 05:56 Proposed Spanish pension reforms include a measure that would re-introduce inflation indexation Josep LAGO AFP/File 3 min Madrid (AFP) Spain will pay workers to postpone retirement as part of a pensions reform strategy that analysts warn does not go far enough to cut a huge deficit in the system. With nearly 30 billion euros ($36 billion) of annual losses in 2020 and rising, Spain s social security budget is one of the biggest contributors to the country s ballooning public deficit. The European Commission has long demanded that Spain reform its pension system and has made it a condition for accessing European Union economic recovery funds. ....
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