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I. Economic outlook

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Universidad Carlos III de Madrid
Publication Date
Disciplines
  • Economics

Abstract

According to recent information, the EuropeanCentral Bank’s (ECB) plan to purchase publicdebt continues to favour the return of foreigncapital to Spanish public and private debt. Therecent fiscal adjustments and expected newadjustments in the near future (either to avoid acomplete bailout or as a result for its request)appear to be containing uncertainty regardingthe Spanish economy. On the other hand, therecent agreement about the restructuring ofGreek public debt is also reducing the returnson our public debt. Although these figures arepositive, they have to be analysed with caution,as they will not immediately lead to economicrecovery, which will require further effort andreforms.

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