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.
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.
The “export vocation” and “good management of economic, tourism and trade competences” will ease Catalonia’s recovery from the crisis. This is the opinion of José Manuel González-Páramo, member of the European Central Bank’s Executive Board.
Today banks and savings banks started selling the treasury bonds announced by the Catalan Government two weeks ago to get cash. On the first day, about 1,000 million euros have been bought. If this pace continues, the bonds will be sold out by next week. The quantity on sale is 1,890 million, which could be increased to 2,500.
Activity reports for the Institut Català de Finances (ICF), the Catalan public financial institution delivering official credit, were released on Tuesday. The number of credit requests rose by 34.1% in 2009 while activity grew by 2.5%.
Juan María Nin lectured at the London School of Economics about the current economical situation in Spain. He argued that Spain will recover if the markets continue to trust in the country’s capacity to meet its debt.