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A 3% pay rise for all workers

COMPANY representatives and unions have agreed that employees across Spain will be given a 3% annual pay rise until 2020, at the least, when the situation will be reviewed. A fixed 2% will be given, plus another variable sum of up to 1%, depending upon productivity, company results and whether or not the worker has […]

PM’s big No to more migrants

SPAIN has rejected a charity boat, carrying 230 migrants, on the grounds that it can’t be “the sea-rescue organisation for all of Europe”. New Prime Minister Pedro Sanchez said there must be a “common answer” to the growing crisis, which has to come from “various countries” in the EU. As the boat headed to Malta, […]

The dovish ECB meeting prompts GBP/EUR rally

THE pound has been putting on a mixed performance in recent weeks, amid a flurry of disappointing domestic data, with only sterling showing any notable movement against a significantly-weakened euro. GBP/EUR has seen some large swings over the last two weeks, but it is pretty much back to where it began at 1.13, with EUR/GBP […]

Preparing for Brexit and residency in Spain

THE Brexit transition period, agreed in March, gives British expatriates, and those wishing to move to Spain, more time to prepare. This was welcome news, but the clock is still ticking to get ready in time, particularly where paperwork is involved. The key issue for many people is residence. If you are already living here, […]

Pedro making peace with the Catalonians

PEDRO Sánchez’s new government has agreed to withdraw its control over Catalonia’s finances as a peace offering towards the politically-turbulent region. Members also want to “normalise relations” between the north-eastern territory and the rest of Spain. In contrast to the former right-wing PP government’s approach, considered by many to be autocratic, rigid, closed and rule-book […]

Italian political drama helps to shore up GBP EUR exchange rate

WEAKER-than-expected UK data has put the pound under fresh pressure, raising doubts over the likelihood of the Bank of England (BoE) tightening monetary policy, before the end of the year. A volatile sense of market risk appetite helped to drag the GBP/USD exchange rate lower, hitting a seven-month low of 1.3218. On the other hand, […]

Major plans highlight the new leader’s aims

THE ambitious plans of Pedro Sánchez, who will spend the next 18 months as Spain’s leader before his job is decided by votes again in the next general elections, include many vital tasks. These take in the cutting of electricity bills; increasing pensions and the minimum wage; limiting presidential terms of office and reducing waiting […]

Political uncertainties help GBP/EUR stand firm

STAYING on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for, over the next couple of weeks. While the pound has been struggling against a number of the majors in recent weeks, the British currency has proven resilient against the […]

Judge disagrees with the Supreme Court

By Mariano Zunino I HAVE referred to the recent Supreme Court ruling, previously, that mortgage taxes must be paid by the bank, following its 15th March judgement. Technically, it refers to Transfer Tax and Stamp Duty, while other costs are to be divided between client and bank. Despite this ruling, however, one Instance Court recently […]

Return of Lira in Italy could finish the euro

By Nick Hubble (Financial advisor) THE lira is coming back, but, following two months of silence from Italy’s coalition negotiations, it’s all happening rapidly. Remember, politics is Italy’s only way out of the euro. That currency, and its monetary policy, has kept one of the world’s major economies in the doldrums since its inception. Its […]

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