Articles
Fiscal imbalances in Spain: Progress and risks
Autores:
Lago Peñas, Santiago
Spain’s 2020 deficit came in better than expected, with analysts’ projections for 2021 more favourable than current government estimates. That said, risks relating to an ageing society, an entrenched structural deficit, and a permanent increase in spending mean Spain requires a credible fiscal consolidation plan.
Social Security budget for 2022: Short-term state support yet a need for structural reform
Autores:
Bandrés, Eduardo
Thanks to the increase in contributions, the Social Security deficit is projected to fall to 0.5% in 2022. However, the long-term sustainability of Spain’s Social Security will require action on both the expenditure and revenue side that goes beyond recent initiatives.
Spain’s budget for 2022: An assessment
Spain’s state budget for 2022 includes forecasts that appear markedly optimistic in comparison to other institutions’ estimates. Despite this, an increase in structural spending is likely, which casts doubt on the government’s ability to meet its deficit reduction targets.
The pandemic and its impact on the insurance business in Spain
The impact of the pandemic on the insurance industry was significant, if uneven, across both geographies and business lines. While the industry is showing signs of recovery, forecasts are predicated on the normalisation of claims and the continuation of financial market stability.
Cryptoassets: The good, the bad and the advent of CBDCs
The emergence of cryptoassets provides both risks and opportunities for investors, banks and central banks alike. However, determining the ideal design and regulation of these assets, as well as anticipating any potential risks, will be key to minimizing financial system disruption and maximizing the associated…