crisis

The Catalan Finance Minister presented the Catalan Government’s budget for 2011, which totals 39,354 million euros. For the first time, the budget will see a decrease in comparison to the previous year. Public expenditure is reduced by 10%, brought to 2007 levels. The public deficit is also reduced, but only to 2.66%. The Catalan Minister states that if the Spanish Government wants Catalonia to reach the 1.3% objective, it needs to show institutional loyalty and transfer the money due for 2011 instead of delaying it and calculating smaller amounts.

The study is funded by Catalan savings bank ‘la Caixa’ with data at Spanish-level. It reveals, contrary to xenophobic statements that immigrants bring more revenue to the state than the costs they generate. In addition, their presence also brings more services. “We came to the conclusion than the impact of immigration in the Welfare State is clearly positive”, states the coordinator of the study.

This initiative offers free food to people in need and it is a platform involving many organisations. The Food Bank already assists 118,000 people in the Barcelona Metropolitan Area and warns that “the figure is growing”.

Kenneth Rogoff, currently professor at Harvard, predicts that Spain has a “high chance” of being rescued by the European Union. He also ads that, if it were not rescued, even France could fall.

The board of the Catalan savings bank decided to “temporarily” use public capital in order to meet the new requirements in the sector. This move means it will reach 10.4% of ‘core capital’. Private capital is expected to increase its share “in the medium-term”.

Catalan political parties will meet with social and economic agents to discuss how best to boost the Catalan economy. The Advisory Council is made up of academic experts and members of the business community. They drafted the report as a basis for discussion. Among many measures, they recommend partially paying for extra public services or reducing the number of public employees.

Compared to 2009, real estate sales increased by 21.4% in Catalonia. The Catalan market’s activity triples the Spanish average. However, forecasts for 2011 are no so optimistic due to the VAT increase and the end of the fiscal deduction for purchasing houses and flats.

The total number of unemployed people in Catalonia is now 589,623. In Spain as a whole, registered unemployment increased by 130,930 people this January. The total number of unemployed people sets a new historical record, with 4.23 million. Traditionally, January is a bad month in terms of unemployment data due to the end of Christmas sales’ hirings.

The Chairman of the Centre-Right Catalan Nationalist Group in the Catalan Parliament Oriol Pujol stated this morning that the Catalan Government could “practically not pay the salaries” of public workers. However the Catalan Government from the same party calmed public opinion saying that although the situation was difficult, civil servants would not need to worry. The Catalan Government needs new credits to get liquidity and is expecting authorisation from the Spanish Government.

For the first time in four years December 2010 saw a small decrease in the availability of office space in Barcelona. This indicator would show that the office space market is starting to head towards getting on the recuperation track.

Catalan Víctor Perez is only 18 years old but he currently resides in Belgium where he is training to become a professional dancer. A student at one of the most prestigious dance schools in Europe run by the international renowned choreographer Anne Teresa de Keersmaeker, the youngster from Sant Cugat is one of the top 60 contemporary dancer pupils.

Numerous talented Catalan researchers are pioneering new research in a prestigious British university but they still cannot find a job in Catalonia.

"Although there is a very high standard in Barcelona, the clients are not the same”, this is the opinion of a Catalan web developer who is currently based in Manhattan. This is his story.

Two Catalans opened a guided tour business in Berlin making the most of the economic crisis and the fact that the city was ‘fashionable’. They set up ‘Cultourberlin’, a project that would offer Spanish and Catalan tourists guided tours of Berlin

A young Catalan architect with no employment opportunities at home opens an office in Paris to work on buildings in Asia.