{"id":5008,"date":"2022-08-31T02:11:45","date_gmt":"2022-08-31T08:11:45","guid":{"rendered":"https:\/\/trends.ufm.edu\/en\/?post_type=newsletter&#038;p=5008"},"modified":"2022-08-31T07:45:16","modified_gmt":"2022-08-31T13:45:16","slug":"spain-july-2022","status":"publish","type":"newsletter","link":"https:\/\/trends.ufm.edu\/en\/report\/spain-july-2022\/","title":{"rendered":"Is Spain Going Bankrupt?"},"content":{"rendered":"<h3>Contents<\/h3>\n<ul>\n<li>Economic activity<\/li>\n<li>Purchasing manager\u00b4s index<\/li>\n<li>Cyclical consumer demand<\/li>\n<li>Employment<\/li>\n<li>Money supply<\/li>\n<li>Consumer price index and industrial price index<\/li>\n<li>Banking-system assets<\/li>\n<li>Credit to households<\/li>\n<li>Credit trends<\/li>\n<li>Public deficit<\/li>\n<li>Current-account balance<\/li>\n<li>General situation<\/li>\n<\/ul>\n<h3>Author<\/h3>\n<ul>\n<li><strong>Daniel Fern\u00e1ndez<\/strong><br \/>Daniel Fern\u00e1ndez is the founder of UFM Market Trends and professor of economics at the Francisco Marroqu\u00edn University. He is a PhD candidate in Applied Economics at the Rey Juan Carlos University in Madrid and was also a fellow at the Mises Institute. He holds a master in Austrian Economics the Rey Juan Carlos University and a master in Applied Economics from the University of Alcal\u00e1 in Madrid.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Is Spain\u2019s level of public spending sustainable? This report looks at its financial situation in detail and considers whether the country will go bankrupt. It looks at how the balance sheet of the Spanish public administration has changed over the last twenty-five years, including how it has changed in governments led by the Popular Party and the Socialist Party of Spain.<\/p>\n<p>We find that the government carries hidden debt in the form of a commitment to pay pensions in the future. It is difficult for the government to sustain growing spending on pensions. Furthermore, the famous pension fund has already vanished.<\/p>\n<p>The report also examines the relationship between debt and inflation and why the European Central Bank is acting very slowly to curb inflation. Inflation can help to prevent states, including Spain, from going bankrupt. A rise in interest rates could mean problems including bankruptcies in Europe in general and Spain in particular.<\/p>\n","protected":false},"author":104,"featured_media":5011,"menu_order":0,"template":"","meta":{"anio":"2022","mes":"July","id_estadisticas":"stat-spain-july-2022","newsletter_link":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2022\/08\/spain-special-report-2022-market-trends.pdf","portada_informe":"https:\/\/trends.ufm.edu\/en\/wp-content\/uploads\/2022\/08\/spain-jul-2022.png","subtitulo":"Spain July 2022 Report","footnotes":""},"tags":[307,13],"class_list":["post-5008","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","tag-307","tag-spain"],"_links":{"self":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/5008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/users\/104"}],"version-history":[{"count":2,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/5008\/revisions"}],"predecessor-version":[{"id":5012,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/newsletter\/5008\/revisions\/5012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media\/5011"}],"wp:attachment":[{"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/media?parent=5008"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trends.ufm.edu\/en\/wp-json\/wp\/v2\/tags?post=5008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}