COVID-19: A tsunami for public finances
COVID-19 has placed considerable pressure on Spain’s public finances, further complicating the outlook for the country’s fiscal consolidation.
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COVID-19 has placed considerable pressure on Spain’s public finances, further complicating the outlook for the country’s fiscal consolidation.
Spanish banks’ key metrics, such as capital adequacy levels and liquidity buffers, have improved since the last crisis; however, the economic fallout from COVID-19 is projected to have an adverse…
The third tranche of Spain’s government-backed guarantee scheme in response to COVID-19 will include the allocation of 4 billion euros to secure commercial paper issued on the alternative fixed-income market…
Although the Spanish government has introduced significant deferrals of state taxes and social security contributions, the scale and reach of these deferrals is smaller relative to some other EU-15 countries.