EPISODE · Aug 1, 2019 · 8 MIN
Political Developments in Spain
from Fixed Interests · host Fitch Ratings
Michele Napolitano, Head of Western Europe Sovereigns, and Alex Muscatelli, Director, discuss the failure of Pedro Sanchez to win a confidence vote in the Spanish parliament on 25 July. This could delay fiscal consolidation measures scheduled for 2020, although this would not significantly change our debt-to-GDP projections. The increase in political instability in recent years has not damaged the economic recovery that has supported Spain’s fiscal adjustment. However, a cyclical slowdown will lessen the role of GDP growth in deficit reduction.
What this episode covers
Michele Napolitano, Head of Western Europe Sovereigns, and Alex Muscatelli, Director, discuss the failure of Pedro Sanchez to win a confidence vote in the Spanish parliament on 25 July. This could delay fiscal consolidation measures scheduled for 2020, although this would not significantly change our debt-to-GDP projections. The increase in political instability in recent years has not damaged the economic recovery that has supported Spain’s fiscal adjustment. However, a cyclical slowdown will lessen the role of GDP growth in deficit reduction.
NOW PLAYING
Political Developments in Spain
No transcript for this episode yet
Similar Episodes
Jul 10, 2026 ·54m
Jul 9, 2026 ·55m
Jul 8, 2026 ·54m
Jul 7, 2026 ·56m
Jul 6, 2026 ·54m
Jul 3, 2026 ·105m