Spain

Preventing future electricity blackouts requires thorough analysis

There is still no clear picture of what led to the Iberian blackout; a comprehensive, evidence-based investigation is essential

Georg Zachmann

Stronger together: public preferences for different European defence cooperation designs

Research suggests most Europeans would support a significant uptick in EU defence integration.

Francesco Nicoli

COVID-19 credit-support programmes in Europe’s five largest economies

This paper assesses COVID-19 credit-support programmes in five of the largest European economies, and examines how countries have dealt with trade-off

Nicolas Véron, Francesco Papadia and Julia Anderson

The great macro divergence

Global growth is expected to continue in 2019 and 2020, albeit at a slower pace. Forecasters are notoriously bad, however, at spotting macroeconomic t

Jean Pisani-Ferry

Catalonia and the Spanish banking system

As tensions rise around Catalonia's independence movement, there are worries about the impact on the Spanish banking sector. Banks based in Catalonia

Yana Myachenkova

Credit recovery in Spain: NPL resolution was essential, but success depended on broader sector reform

Growth in Spain again exceeded expectations this year, and bank deleveraging appears to have reached an end. Addressing non-performing loans was a pre

Alexander Lehmann

The IMF’s performance on financial sector aspects of the euro area crisis

The recently published in-depth evaluation of the International Monetary Fund (IMF)’s role in the euro area crisis highlights important contrasts in t

Nicolas Véron

The IMF’s role in the euro-area crisis: financial sector aspects

Nicolas Véron reviews in-depth the role played by the IMF in understanding the financial-sector dynamics of the euro-area crisis. The IMF was the firs

Nicolas Véron

Spanish unemployment and the effects of the 2012 labour market reform

What’s at stake: Spain is currently the EU country with the second highest level of unemployment, after Greece. The high and persistent level of unemp

Alvaro Leandro and Jaume Martí Romero

Brazil can learn from Spain: don't delay adjustment

Brazil’s economic crisis has much in common with Spain’s crisis from 2009 – 2012. The IMF and the global community must work together to ensure a stab

Guntram B. Wolff and Alicia García-Herrero

Are regional governments causing deficit overshooting in Spain?

Spain once again missed its deficit target in 2015 and it seems unlikely that 2016 will be any better. The central government has pointed to regional

Jaume Martí Romero

The remarkable case of Spanish immigration

During the first decade of the twenty-first century, Spain experienced one of the largest waves of migration in European history.

Jaume Martí Romero

Deferred tax credits may soon become deferred troubles for some European banks

Silvia Merler