ecb sept hike
ECB raises deposit rate to 2.50%
The ECB hiked 25bp to 2.50% on Sept 10, citing euro-area August CPI at 3.3% with energy inflation at 14.3%. Lagarde warned headline inflation will remain well above target due to Middle East conflict.
The Mild Take
Coverage tagged: Spain (ESP)
Every story tagged to Spain in the reporting behind our ratings, newest first. State-self-reported sources are excluded from scoring; non-anglophone coverage is surfaced in translation. Every card links to its source.
7 stories, newest first - 0 on this page in translation
ecb september hike
ECB to raise rates a second time in September, but then done, say economists
A Reuters poll of economists expects the ECB to raise rates on Sept 10, taking the deposit rate to 2.50% in a second consecutive hike, with euro-area August inflation at 3.3% pushed above target by energy costs traceable to the Hormuz disruption. The decision falls AFTER this window, so only the expectation is recorded and no euro-area score is moved on it.
eu windfall tax push
Six EU countries push for windfall tax on oil companies amid surging war profits
Finance ministers of Germany, Italy, Austria, Poland, Portugal and Spain jointly asked the Irish presidency to put a windfall tax on Hormuz-inflated oil profits on the Sept 18-19 Ecofin agenda, with Dublin open to the debate. Fiscal-policy signal, no score moves.
europe wildfire emergency
France declares first national wildfire emergency as Europe burns
France's worst fires since WWII burned 100,000+ acres in Gironde with ~200,000 evacuated, prompting the first-ever national wildfire emergency; one of Spain's largest fires ever burned 111,000+ acres near Madrid (~63,000 evacuated) as a fourth 40C+ heatwave began July 28; Greece lost three firefighters. ~330,000-375,000 evacuated across the region in Europe's worst recorded heatwave season. Drove France climate near -1 to -2; Spain climate held at -5 with confidence up.
sanchez brother conviction
Spanish PM Sanchez's brother convicted in public-hiring case
David Sanchez, brother of PM Pedro Sanchez, was convicted July 14 of nepotism and banned from public office for 9 years, atop charges against the PM's wife and a former aide's 24-year corruption sentence. The judiciary reaches the PM's family even as the corruption pattern widens: held Spain rule_of_law at 0.
almeria wildfire deadliest
One of Spain's deadliest wildfires kills at least 12 people, with 23 others missing
The Los Gallardos (Almeria) fire became the deadliest wildfire in Andalusian history: 13 dead (updated July 12), 9 injured, 23 missing, most victims caught fleeing via a dry riverbed; Barcelona logged a record 40.5C. Drove Spain climate near -4 to -5.
sanchez graft probe widens
Spain's High Court Widens Graft Inquiry to Include PM's Close Ally
The High Court placed Sanchez's former chief of staff under investigation with phone data seized (July 10), atop ex-minister Abalos's 24-year sentence for rigging pandemic medical contracts - the judiciary functions while corruption's breadth around the government grows. Drove Spain rule_of_law 1 to 0.