Torres, Raymond

This week we are covering the US elections. I've published an article with Juan Moscoso del Prado, Director of Global Affairs at Deusto Business School, where we argue that Biden’s biggest challenge will be to reduce the US internal divisions while keeping the US international economic leadership. I've included some of our main points below.

This week we are covering the just announced budget proposal for 2021 presented by the Spanish government. In a nutshell: its expansionist nature goes in the right direction but some forecasts in it seem quite optimistic.

This week we are analysing why Spain may not apply for an EU loan under the Next Generation EU programme. Before we get into details, let me advance that current borrowing costs are so low that incentives for extra borrowing under the new programme are missing. Other countries may face the same situation.