Articles

Este artículo analiza este nuevo escenario, detallando los cambios estratégicos que deben abordar las empresas agroalimentarias españolas al objeto de mantener su legitimidad para operar en los mercados.

Este artículo pone de manifiesto que la Política Agrícola Común (PAC), pese a su progresiva multifuncionalización, ha perdido demasiadas competencias en favor de otras políticas comunes para consagrarse como ‘LA’ política alimentaria exclusiva de la Unión Europea.

Para entender y contextualizar la situación de un sistema alimentario es necesario conocer los rasgos definitorios de su sector productivo, de alimentos frescos y procesados, al ser el eslabón inicial del mismo y pieza angular de la seguridad alimentaria. Este es el objetivo de este trabajo.

While at first glance Spain’s 2023 fiscal performance appears favorable, lack of adjustment on the structural deficit paints a less optimistic picture going forward. Continued structural fiscal adjustment will be needed to improve the probability of compliance with the new EU fiscal deficit targets.

Positive earnings performance and lower cost of equity have led the European banks to outperform the general stock indices for the last two years; nevertheless, they have yet to close the gap between their market value and book value, despite the fact that their return on equity (ROE) is back above 10%, the threshold traditionally deemed necessary to close the valuation gap. While the inability to close this gap appears to lie with the fact that the cost of equity (CoE) required of the banks has increased above the conventionally assumed threshold of 10%, the discount at which the European and Spanish banks are currently trading seems excessive.