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Economy

Economy

Spain has gone from being “a seriously ill patient and a source of contagion for the rest of the euro zone” to implementing “one of the most vigorous reform programs,” in the words of Francisco González. Thanks to the reforms undertaken, “Spain is well positioned to register sustainable growth over the next few years,” he said at the UMIP/APIE course today.

The BBVA Group posted a profit of €2.62 billion in 2014, 25.7% more than in 2013, according to the new accounting rules1, driven by the solid net interest income performance, cost control and lower loan-loss and real-estate provisions. Net income from ongoing operations, which does not include results from corporate operations, grew 53.1% to €3.08 billion year-over-year.

The Colombian Laura Parra, the winner of the Innovators Under 35 award in 2013, organized by MIT Technology Review in its Spanish edition in partnership with BBVA, has developed a video game that helps children with mobility problems in their rehabilitation therapy.

Financial innovation does not deserve all the blame that has been laid at its door since the financial crisis of 2007. In recent years a number of relatively good innovations have emerged, although their detractors are right to point out that there have also been bad ones.