Bank of Spain warns against oil price rises feeding through into salaries, goods prices

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30 May 2017

Bank of Spain warns against oil price rises feeding through into salaries, goods prices

A medium-term budget consolidation plan necessary to reduce public debt, but shouldn't hurt growth
Greater restrictions to movement of goods and people should push EU, eurozone to increase integration
Sees economic recovery to continue in 2017, significant risks remain
Risks to growth include global protectionism, higher oil prices, brexit, budget restraints

We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change @realDonaldTrump

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