Spain’s tax hike threatens La Liga’s appeal
The government’s decision to raise income tax will have a very high-profile casualty: Spain’s soccer teams, which must now negotiate contracts with players under vastly different terms.
• SPAIN ON THE ROCKS? A political and economic analysis for 2012 • IBERIANS OF THE YEAR: The most influential people and groups of 2011 •
Home » Business
Iberosphere: Business
Spanish energy sector seeks clarity under Rajoy
The new prime minister has kept his cards close to his chest on most issues, including plans for the energy industry. But we already have some clues regarding how Rajoy will handle the sector once he is in power.
Modern Spain’s legacy: airports, deficits and brutal cuts
The economic downturn in Spain in recent years has followed a decade-long boom. It has also highlighted the bizarre way in which much of the good-times money was spent.
Ahead of election, Spain’s next prime minister leaves everyone guessing
Usually when voters go to the polls they have an idea about competing politicians’ policies, and only a vague idea about which of them is going to win. But when Spaniards vote in early elections in one month’s time, they will know, almost for sure, who will win, though they’ve got only the faintest clue as to what that might mean.
A social network headed for global dominance… or buy-out syndrome?
Spanish site Tuenti has cornered the young domestic market with its invitation-only model. But can it survive being bought out by Telefonica and compete with the likes of Facebook overseas?
Spain: Too big to fail?
Greece, Ireland and now Portugal. Debt-ridden, deficit-laden and bankrupt were it not for bailouts from abroad. Spain is the fourth and final letter in the hackneyed PIGS acronym for Europe’s struggling economies. It is also the biggest, and its economic future will decide the fate of the euro zone.
Portugal gets bailout as Sócrates eyes reelection
When Portuguese Prime Minister José Sócrates resigned in March after his debt-reducing austerity plan was thrown out of the Lisbon parliament many people thought it would be the end of the once popular leftist leader. They may have been wrong.
With almost five million out of work, Spain’s unemployment crisis rages on
The number of people out of work in Spain hit a new record high in the first quarter of the year, but the government insists it will not surpass the five million mark. It made a similar prediction in 2009 – and was quickly proven wrong. Is this a case of history repeating itself?
Spanish home prices fall faster on tax changes
Homeowners have been able to write off part of their mortgage payments when they fill out their income tax returns for decades. But changes to Spain’s tax law from January 1 mean far fewer people will be able benefit, contributing to an acceleration in the decline in house prices since the start of the year.
Inditex: fast fashion for crisis-proof profits
Crisis? What crisis? Spanish clothing giant Inditex, now the world’s largest clothing retailer, bucks the downturn in consumer spending.
