Should Catalonia receive more financial independence?

Jesús details how Spain already operates one of the most decentralized fiscal systems in the world, “more latitude than most U.S. states,” he notes, yet Catalonia now seeks the bespoke privileges long enjoyed by the Basque Country and Navarra. The Regional Authority Index rates how much self‑rule and shared rule each country’s sub‑national governments actually wield. In its last […]

Should Catalonia receive more financial independence?

What happened when Spain brought back the wealth tax?

From the Journal of Public Economics Twitter feed: What happened when Spain brought back the Wealth Tax in 2011? Using variation in exposure, this paper finds: – No drop in savings, but drop in taxable wealth—mainly via legal avoidance – Asset shifting caused most revenue loss – Estimated revenue loss was 2.75x initial 2011 rev. […]

What happened when Spain brought back the wealth tax?

Spain Boosts Natural Gas Capacity After Renewable Energy’s Failure Led to Historic Blackout

Now, in the aftermath of this blackout that could have been much worse, Spain has significantly increased its reliance on natural gas-fired power plants to stabilize its electricity grid. This strategic shift is the direct result of concerns about the grid’s ability to handle high levels of renewable energy, particularly solar and wind, which accounted for a substantial share of generation during the outage.

Spain Boosts Natural Gas Capacity After Renewable Energy’s Failure Led to Historic Blackout

Spain and Portugal Achieve Net Zero Accidently

Analysis of the blackout in Spain and Portugal comes in EurAsia Daily article Solar generation fell, and then the Spanish power grid collapsed: details of the blackout. Excerpts in italics with my bolds and added images. New details are emerging why a large-scale blackout occurred in Spain, which lasted more than 10 hours and hit […]

Spain and Portugal Achieve Net Zero Accidently

Why Didn’t the Allies Get Rid of Franco After the Second World War?

How King Charles II’s Health Problems Plunged Europe Into War

Shocking Facts About the Spanish Empire

But French laws are so crap that the tribal council on the Survivor TV show were successful sued for unjustified dismissal & redundancy pay

After Charles II Of Spain Died In 1700, His Autopsy Revealed Some Truly Astonishing Results

Spain Is Not A Federation: Autonomous Communities of Spain Explained

Basque – A Language of Mystery

Spain Is Not A Federation: Autonomous Communities of Spain Explained

The World’s Strangest Borders Part 2: Spain

General government net financial liabilities as % Portuguese, Italian, Greek, Spanish and Irish GDPs

I had borrowed a lot of money from scratch after 2007. Greece borrowed a lot of money of its own accord from 2010. Italy always owed a lot of money. Spanish do not know all that much money considering their dire financial circumstances.

image

Source: OECD Economic Outlook June 2016 Data extracted on 01 Jun 2016 12:57 UTC (GMT) from OECD.Stat

Waiting for the permits to come in: business start-up fees and lost output waiting in Europe and North America

Expediting the processing of permits can actually make quite a difference to firm start-up costs even in countries with few barriers to starting up a business.

image

Source: Markus Poschke (2011) Entry regulation: Still costly | VOX, CEPR’s Policy Portal.

Note: The value of time is set to a business day’s output per day of waiting time at 22 business days per month.

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