Senior Correspondent, Spain
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Aug 5, 2015

Poll shows Spain set for unpredictable political autumn

MADRID (Reuters) – Spanish Prime Minister Mariano Rajoy’s ruling conservative Popular Party has taken a clear lead over rivals in a fragmented political landscape four months before a general election but looks set to fall far short of a majority to govern alone.

An official opinion poll released on Thursday showed the PP with 28.2 percent support ahead of the opposition Socialists (PSOE) on 24.9, both up from the last poll published in May, while the radical leftist Podemos movement and the centrist Ciudadanos lost ground on 15.7 and 11.1 percent respectively.

Jul 31, 2015

Spain’s Rajoy loosens purse strings, recovery boosts election-year budget

MADRID, July 31 (Reuters) – Spain’s Mariano Rajoy sought to
persuade Spaniards on Friday that earlier austerity would be
reverted if he won re-election later this year, unveiling a
2016 budget featuring the first spending hikes since he took
office.

While still tight – the country plans to cut the public
deficit by around 15 billion euros ($22 billion) next year – the
budget will be boosted by lower debt costs as well as higher tax
revenues and reduced payouts for the unemployed resulting from
an accelerating economic recovery.

Jul 30, 2015

Telefonica lifts revenue forecast as Spanish market turns corner

MADRID, July 30 (Reuters) – Spanish telecoms group
Telefonica raised its 2015 revenue forecast after it
reported strong second-quarter results on Thursday, saying its
problematic home market was beginning to return to growth.

The company has seen Spanish revenues fall for the past six
years as the country has been mired in an economic downturn for
much of that time; its home market now accounts for 25 percent
of group revenue, compared with 36 percent in 2008.

Jul 30, 2015

Spain’s economy motors on at fastest pace since before financial crisis

MADRID, July 30 (Reuters) – Spain’s economy grew at its
fastest rate since 2007 in the second quarter with more growth
expected ahead, although the pace of recovery may flag as the
effect of supportive cheap money and low inflation starts to
wear off.

Since Spain emerged from a prolonged downturn in mid-2013,
economic growth has been driven by a steady rise in consumer
spending underpinned by competitive prices, record numbers of
tourists and a gradual drop in a sky-high unemployment rate.

Jul 29, 2015

Spain’s Abertis promises one billion euro buyback as acquisition quest continues

MADRID (Reuters) – Spanish toll road operator Abertis (ABE.MC: Quote, Profile, Research, Stock Buzz) has promised an enlarged 1 billion euros ($1.1 billion) share buyback as it continues a global search for the motorway acquisitions which it sees as its main route to boosting shareholder value.

Fresh from booking 2.7 billion euros ($3 billion) from the listing of its telecoms arm Cellnex (CLNX.MC: Quote, Profile, Research, Stock Buzz), the Barcelona-based group is under pressure from investors to reveal how it plans to use the proceeds.

Jul 29, 2015

Spain’s Abertis promises 1 bln euro buyback as acquisition quest continues

MADRID, July 29 (Reuters) – Spanish toll road operator
Abertis has promised an enlarged 1 billion euros ($1.1
billion) share buyback as it continues a global search for the
motorway acquisitions which it sees as its main route to
boosting shareholder value.

Fresh from booking 2.7 billion euros ($3 billion) from the
listing of its telecoms arm Cellnex, the
Barcelona-based group is under pressure from investors to reveal
how it plans to use the proceeds.

Jul 16, 2015

Rajoy insists on stay-the-course plan to win Spanish re-election

MADRID (Reuters) – After Spain’s ruling conservatives were clobbered in local elections in May, party colleagues of Prime Minister Mariano Rajoy suggested he not run for re-election later this year.

“You are the one who should worry the most about the vote results,” one top party official warned Rajoy at a crisis meeting on May 25th, according to two officials in the room.

Jul 8, 2015

For Spain, Greek risk is political, not economic

MADRID (Reuters) – The Greek crisis may not end up spilling over to Spain’s economy, but it is shaking up its already volatile politics months before an election.

Since Greece called a referendum on a new cash-for-reforms deal last week, tensions have risen sharply between Spanish left-wing parties, raising doubts about whether they could form a coalition to send the conservative People’s Party into opposition.

Jun 26, 2015

Orange to delist Jazztel after shareholders overwhelmingly back bid

MADRID (Reuters) – French telecom group Orange (ORAN.PA: Quote, Profile, Research, Stock Buzz) said on Friday it would take Spanish rival Jazztel (JAZ.MC: Quote, Profile, Research, Stock Buzz) private after its $3.8 billion takeover was overwhelmingly backed by Jazztel shareholders.

Shares in Jazztel will stop trading after Aug. 13, Orange said. It has said that it plans to merge its Spanish unit and Jazztel and then list part of the merged company on the Madrid stock exchange.

Jun 24, 2015

Spain sees GDP reaching pre-crisis level by end-2016

MADRID, June 24 (Reuters) – Spain’s economy grew at close to
4 percent in the first half of 2015, putting it on course to
return to pre-crisis levels of output by the end of next year,
Economy Minister Luis de Guindos said on Wednesday.

Spain’s gross domestic product fell around 8 percent between
the first quarter of 2008 and the second quarter of 2013, when
it began emerging from a long downturn, and the economy – and
the extent of its recovery – will be a key battleground in a
national election due in November.

    • About Julien

      "Julien is based in Madrid where he covers Spain's economy and politics. He previously worked in Brussels where he reported for four years on Europe's debt crisis, financial regulation and foreign affairs. He also dealt with a wide range of EU issues and policy, from trade and competition to energy, climate change, agriculture as well as Nato and Belgium. He joined Reuters in Paris in 2006."
      Joined Reuters:
      2006
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