An unexpected success in times of crisis
The big banks in Spain have recorded an incredible record of profits, exceeding € 32 billion in 2024. This amazing figure contrasts with the initial forecasts pointing to a fall in income due to a special tax that, in fact, , has represented only 1.5 billion euros. What does this mean for the sector and for the country’s economy?
The consequences of the bank rescue
Interestingly, this amount of profits corresponds to half of the debt left by the bank rescue a decade ago. If we consider that in just over two years these obligations could be resolved, we find a perspective that makes it think. Is it really viable that the Spanish political system, especially the left forces, dares to implement a liquidation plan that includes, for example, the redistribution of real estate properties in the hands of banks?
Extraordinary tax and military expenditure
The extraordinary tax collected by the bank could fund approximately 130 tanks. This amount is significant, especially considering that Spain has quadrupled its military expenditure by 2024 to comply with NATO requirements, without reaching 2% of GDP.
Reflections on the purchase of the Orsola house
The Barcelona City Council recently acquired the Orsola house, but the reactions to this decision have been varied. Many argument that the overpayment paid compared to what would have been difficult to exercise is an example of mismanagement that worsens the housing situation in the city.
The quantitative impact in Barcelona
In Barcelona, there are around 4,000 similar properties to the Orsola House, and the viability of buying them all is almost zero. The cost of acquiring these properties, in relation to the historic budget of the Generalitat, is overwhelming.
Alternatives to resolve the housing crisis
If we considered investing in the purchase of all Orsola houses, we could build up to 300,000 social housing, a solution that would seem to answer the housing crisis. However, it is crucial to discuss more comprehensive solutions that combine various approaches.
Donald Trump’s Polemic Proposal
Donald Trump recently suggested moving two million inhabitants of Gaza, an idea that raises both moral and practical questions. This while he himself seeks to expel a similar number of immigrants from the United States.
An economic strategy for Gaza
If Gaza becomes a luxury tourist destination, it will need a large amount of labor, which will probably be precarious and exploited, a dynamic that could benefit American economic interests.
Chinese oil dilemma
China, despite being the sixth world oil producer with 4.16 million barrels a day, does not yet cover their own demand and must make significant imports. This situation is complicated by the trade war with the United States, which currently dominates the liquefied gas market.
With this landscape, international relations becomes more and more complex, and political and economic decisions have to face a constantly changing world, where traditional solutions may not be enough.