When the novel Coronavirus (COVID-19) initially struck Wuhan, China in January 2020, most investors in Europe did not expect the disease to reach the continent. Yet here we are; a seemingly innocuous holiday stop in the French Alps by a Brit returning home from a conference in Singapore has morphed into a full-scale virus outbreak […]
Sanchez
Investors in Europe: 2020 Coronavirus Update
Investors in Europe: 2020 Coronavirus Update
Lockdowns across Europe have resulted in unprecedented economic damage over the first half of 2020. Eurozone GDP fell 12% in the 2nd quarter of 2020 following a 4% contraction in Q1.
Spain’s prime minister announces coronavirus deescalation measures
“The transition to a “new normality” will last six to eight weeks, explains Pedro Sánchez, with continuing restrictions on travel to other provinces and Spanish islands.” – by Carlos E. Cué, Javier Salvatierra and Isabel Valdés and Simon Hunter
Spain unveils €200B package to combat virus downturn (Politico)
“Spain’s government on Tuesday announced a package to pump €200 billion into the economy to counteract the effects of coronavirus, and the prime minister warned of “very tough days” ahead.” – by Cristina Gallardo
Spain’s move to stop foreign companies swooping spooks BME investors (Reuters)
“We have changed the rules on foreign investment to prevent companies from non-EU countries from taking control of strategic Spanish companies,” Prime Minister Pedro Sanchez said on Tuesday…” – by Jesús Aguado and Belén Carreño
Investing in Europe in 2020 – The Year Ahead
An overview of some European key themes and political risks for 2020
2020 brings with it the 10th year of recovery since the global financial crisis. Equity markets continue to break records, ample credit is available, yet the bullish performance appears cosmetic at times and investing in Europe in 2020 is fraught with political risks. The US deficit doubled from $385bn to $779bn last year, the UK […]
Spain’s new government could play an outsized European role (NewStatesman)
“If it overcomes domestic instability, the Socialist-Podemos coalition can reshape the EU.” – by Jeremy Cliffe
Spanish prime minister calls snap general election for April 28 (EL PAÍS)
“Pedro Sanchez’s decision has been triggered by the defeat this week of his budget plan in Congress” – Susana Urra