A study by the Economic Studies Institute (IEE),analyzing the impact of the TTIP on the Spanish economy, calculates that in a scenario which is both long term (3 to 5 years) and ambitious (decrease of 25% in current non-tariff barriers), the Spanish GDP could increase by 0.74% annually if this agreement was signed.
BBVA’s executive director, José Manuel González-Páramo, believes that the Transatlantic Trade and Investment Partnership between the European Union and the United States that is currently being negotiated “is a unique opportunity to strengthen even further relationships between Europe and the United States.
What happens if a German citizen wants to take out a mortgage from an Italian bank that does not operate in his country? What barriers will he face beyond the language? This is what is intended to be found out by the European Commission, which has presented the much-awaited Green Paper on Retail Financial Services.
The European Commission wants to promote one of its flagship initiatives as far as financial markets are concerned: the creation of a unified European capital market. The aim of the Capital Markets Union is to facilitate access to funding for small and medium enterprises and to remove barriers blocking cross-border investments in the EU. One of the measures that is already being worked on is the modernization of the directive regulating the contents of the prospectuses that European companies have to publish if they want to be financed in the capital market. After consulting with the public last February, the European Commission launched a proposal on the reform of this directive in November.
Before making an investment or buying a savings product (e.g. investment fund or pension plan), we first need to determine our risk profile.
The commodities boom has reached its end, impacting strongly on Latin American economies. Fiscal balances have been affected by lower currency revenue, currencies have devalued significantly, with the subsequent fall in the value of exports, and the exchange rate effect has led to a rise in inflation. It has also had a negative impact on GDP growth that could become more pronounced if prices fall further in 2016.
Economic recovery, balancing national budgets and controlling inflation are just some of the challenges facing Latin American countries in the coming year. After a less than dynamic 2015, it is hoped that 2016 will see a return to economic growth, though this is one objective which will not be easy to achieve.
Without a doubt, of all the big challenges that lie ahead for Spain in the year that has just begun, the most pressing one is consolidating the economic recovery and improving the job market. Experts agree that stability and continuity of reforms are essential to achieve these objectives.
2015 saw a number of key events in Latin America; but perhaps the most important occurred in the political arena with the change of government in Argentina, the National Assembly election results in Venezuela, and the progress made in the peace process in Colombia. These marked out a new direction for the countries in question and could have possible repercussions on the region’s economy.