All posts by Carmen Gomaro

Carmen Gomaro - leading international news and investigative reporter. Worked at various media outlets in Spain, Argentina and Colombia, including Diario de Cádiz, CNN+, Telemadrid and EFE.

The opposition starts its presidential campaign to a full square in deep Venezuela

“This is a unique campaign, I have chosen not to travel around the country because this is a different kind of campaign. María Corina Machado is taking charge and doing an exceptional job.” Without wasting any time, Edmundo González Urrutia seized the opportunity of his first days as a presidential candidate of the democratic opposition for the upcoming July 28 elections to introduce himself to the nation, becoming the new beacon of hope and a prominent figure in the much-awaited transition. Meanwhile, Machado embarked on a tour of various municipalities in the state of Portuguesa.

This region, formerly dominated by Chavistas and now devastated by the failures of the revolutionary regime, rallied in overwhelming support for the opposition leader, a show of solidarity not seen in Venezuela in over two decades.

Amidst thousands of supporters, Machado took to an impromptu stage to proudly display Edmundo’s poster alongside the Democratic Unity Roundtable (MUD), one of the three parties endorsing him in the electoral race. “Once again, we have surprised them and succeeded in registering a candidate, none other than Edmundo González Urrutia, the candidate for all Venezuelans. Let’s be clear: we are in uncharted territory filled with deceit and fraud. There is no turning back! We will win and demand justice,” exclaimed the liberal-conservative leader, igniting a wave of popular euphoria.

Machado’s tour through Chabasquén, Guanarito, and Biscucuy reaffirmed the birth of a political movement unseen since the rise of Hugo Chávez. From the plains to the Andes, from the border to the east, their message resonated, conquering even the most marginalized neighborhoods in Caracas and other major cities.

This tour left indelible images in the annals of these pivotal elections, where the regime can only prevail through fraud. A vibrant banner reminiscently declared, “We will reunite, as a family,” featuring the map of a fractured nation. A young boy wrote on a piece of paper, “I was born into socialism, but I yearn for freedom,” a testament to the hopes pinned on the promise of change.

A defiant 16-year-old girl in the front row passionately spoke out, “This government is useless. Nowadays, they barely hold class three times a week, and sometimes, they cancel classes due to the lack of water, electricity, and supplies in our homes. We believe in you, María Corina. Last January, as a pregnant mother, I had to leave because there was no rice or meat at home. And now, my mother is in Colombia because of this wretched government…” she paused, catching herself just in time, “…because of this damned government,” she clarified, to thunderous applause. Machado handed her the microphone, allowing her voice to expose the harsh realities endured by these resilient people.

More than 8.5 million Venezuelans have fled the country during the turbulent times of revolution.

Unable to cope with the unfolding events, Chavismo intensified its smear campaign against the opposition leader, even resorting to illegal recordings from a decade ago and a barrage of insults. Machado was given monikers such as “the lady” and “the Sayona,” a character from Venezuelan folklore represented by a woman who haunts the night with her wailing cries.

Diosdado Cabello, the regime’s second-in-command, unleashed another salvo of slander against González, dubbing him “Inmundo” (filthy) González and claiming that he was anointed by foreign powers. Cabello spewed venom and threats from his televised pulpit, embodying a cruder and more contemporary version of Chavista extremism. “There is an invisible force exerting pressure within the power bloc. If the unity and momentum among the opposition persist, this force will continue to grow, taking the conflict to unprecedented levels. If any opportunity for change lies ahead, it is here,” noted political analyst Félix Seijas.

Rafael Uzcátegui, a sociologist and human rights defender, encapsulated the essence of the political phenomenon sweeping the country: “It was not only the incentives. It was also the combination of effective leadership and mechanisms for consensus-building, the people’s hope for change, and the pressure exerted by the international community.”

In the latest survey by More Consulting, the candidate endorsed by Machado is poised to secure double the votes garnered by Maduro, who struggles to surpass a meager 20% in national polls. Such a barrier is formidable in a country where 80% of Venezuelans yearn for swift change.

Spain is the fourth OECD country where the State's share of salaries has grown the most.

Spain stands out as one of the countries with the highest tax burden on salaries in the OECD, with workers allocating 40.2% of their gross salary to taxes and social contributions in 2023. This represents an increase compared to the average of 34.8% within the organization. The increase is attributed to measures implemented as part of the pension reform, which have led to higher payments by both workers and companies for social contributions. Additionally, the lack of adjustments to personal income tax coupled with rising inflation has contributed to increased tax collection.

Among OECD countries, only Australia, Luxembourg, and New Zealand experienced larger increases in the tax burden in 2023. Spain ranks fourteenth in terms of tax burden, with Belgium occupying the top position. When considering a working couple with two children, Spain ranks tenth with a tax burden of 37.1%.

In terms of the distribution of the tax burden, about half of the increase is borne by companies in Spain, with contributions representing 23.3% of the salary. Social Security contributions paid by employees increased by 0.06% in 2023. The average labor cost in Spain amounted to $63,683, putting the country in 20th place among the OECD countries. The average gross salary in Spain is 13% lower than the OECD average.

Supermarkets ask the Government for more time to demonstrate that they are not taking advantage of the VAT reduction to inflate their profit margins

In a bid to ensure compliance with the temporary VAT reduction on food, supermarkets have requested more time from the government to prove that they’re not exploiting the situation to increase their profits. This request comes after an investigation was launched by the Ministry of Consumer Affairs to examine whether supermarket chains were passing on the VAT discount to customers as intended. While some chains have sought an extension of the deadline, the ministry has confirmed that all necessary information has been provided and is currently being reviewed.

Meanwhile, the National Markets and Competition Commission (CNMC) is also monitoring the situation. A report published by the CNMC in July 2023 concluded that the distribution chains were correctly passing on the VAT reduction to final prices. The CNMC is now working on an updated evaluation report. In the absence of this report, the Bank of Spain’s observatory of business margins provides some insight into the industry. According to the latest update, margins in the agri-food chain increased slightly in the second half of 2023, while the food trade experienced declining margins since 2021.

As the government keeps a close eye on supermarkets to ensure compliance with the VAT reduction, the food industry is preparing to ask for an extension of the measure. They will request an extension until the end of the year and expand the list of products affected to include essential items like meat and fish. The Spanish Federation of Food and Beverage Industries (FIAB) will be leading these requests. Additionally, they hope that the processing of the bill, which includes a VAT reduction on olive oil, won’t be delayed due to political uncertainty.

Ibercaja aims to maintain 300 million euros of profit by 2026 without consummating its IPO

Over the weekend, Ibercaja unveiled its 2024-2026 strategic plan, centered around prioritizing customer satisfaction and resilience. The plan aims to achieve a profit of 300 million euros without resorting to going public, a path the bank has previously attempted but without success.

This strategic plan no longer includes the requirement to go public, as the Ibercaja Foundation has established a reserve fund worth 320 million euros, thus eliminating the legal obligation to go public according to the Savings Bank Law. The bank’s president, Francisco Serrano, emphasized this during the plan’s presentation in Zaragoza.

Dubbed the ‘Now Ibercaja’ plan, it outlines the objective of strengthening the bank’s solvency over the next three years, aiming for a fully loaded CET1 coefficient between 13.5% and 14%, up from the current 12.7%. Additionally, Ibercaja aims to maintain an LCR liquidity ratio above 190% and limit non-performing assets (NPAs) to below 3.5%. The plan also sets a target for a profitability (ROTE) above 10%, ensuring that the bank can cover its capital costs for a medium-low risk profile.

The bank’s CEO, Víctor Iglesias, explained that achieving a ROTE of 10% between 2024 and 2026 is more significant than the previous year’s 11.6% due to expected interest rate cuts, narrower margins, increased costs from salary increments, and higher risks of defaults.

Another key goal outlined in the plan is to increase the customer base by 10%, specifically targeting 50,000 new private clients, 6,000 business clients, and 2,000 clients from SMEs and large companies by 2026. To achieve these objectives, the plan allocates a budget of 45 million euros for this year, combined with regular budget resources, totaling an investment of 110 million euros in Ibercaja. Over half of this investment will be dedicated to technological, operational, and commercial transformation.

Moving forward, Ibercaja will continue its growth strategy, focusing on the geographic areas of Madrid and Arco Mediterráneo, while further strengthening its commercial presence in Aragón, La Rioja, Guadalajara, Burgos, and Badajoz. Additionally, the bank aims to renew and attract a younger customer base.

However, Ibercaja’s growth prospects are influenced by the political instability in Spain. Serrano highlighted that Spain has experienced a succession of 16 electoral processes since the restoration of democracy, with 8 of them occurring in the past eight years. This instability has resulted in parliamentary fragmentation and is not conducive to investment. Serrano emphasized the need for a stable political environment that promotes dialogue and negotiation, stating that stronger and more stable institutions would ensure more consistent and secure growth.

The "gift" of Arda Güler and the forcefulness of Ancelotti regarding her loan: "There is no doubt, she will stay next year"

With his unique celebration and impressive performance, Arda Güler is making a name for himself at Real Madrid. Despite playing limited minutes, he is taking full advantage of his opportunities and showcasing his talent. In the recent match against Real Sociedad, Güler scored the winning goal and received praise from coach Carlo Ancelotti. Ancelotti confirmed that Güler will stay at the club next season, dismissing any loan rumors. Güler’s performance against Real Sociedad earned him the title of MVP, as he had the most shots on goal and a high passing success rate. Although he is still young and has areas to improve, his potential is undeniable. Güler’s playing time this season has been limited, but he has already scored two goals in just 165 minutes. His dribbling ability and attacking prowess have impressed his teammates, although he may need to work on his defensive skills. Overall, Güler’s impact on the team has been significant, and he is considered a valuable asset for the future. The victory against Real Sociedad was not without controversy, as the opposing team felt they deserved to win and criticized Madrid’s luck. However, Ancelotti praised his players for their commitment and desire to win, emphasizing their impressive defensive record this season.

A therapeutic goal by Güler in Anoeta brings Real Madrid's success in the League closer

The enigmatic demeanor of Arda Güler brings to mind the elusive and intriguing Özil, creating a parallel between football and culture. In Madrid, these types of players often struggle to thrive, as their unique qualities are sometimes met with skepticism. However, Güler’s performance at Anoeta Stadium, where he appeared unsure but ultimately secured a victory for Madrid, serves as a remedy for any doubts.

For the first time in the league, Güler had the opportunity to start as a replacement for the regular starters who were resting after their notable performance in Munich. As Madrid has already clinched the title, the focus now is on letting time pass in the league. Similarly, Barcelona embarks on a new era that feels oddly reminiscent of the past. Anoeta Stadium served as a transitional stage for both teams, presenting opportunities for unconventional players to shine. Carvajal’s decisive goal, thanks to his smart decision-making, exemplifies the therapeutic effect of success.

Militao’s performance alongside Nacho and Kepa, against a formidable Real Sociedad team with Barrenetxea, Javi Galán, and the energetic Kubo, was notable. Fran García struggled throughout the match and even received a yellow card. Despite lacking their key attackers, Madrid surprised with their intensity on the field, fueled by the motivation of recent victories and the lifted points gap with Barcelona.

Imanol’s Real Sociedad team put up a strong fight, despite their own absences. Kepa had to work hard, particularly against Kubo and Turrientes, who showcased impressive skills. However, the wet grass posed challenges for both goalkeepers. Real Sociedad lacked the finesse in the final pass to create clear scoring opportunities, with the exception of a play where Tchouaméni was fouled, as confirmed by VAR. In such moments, the absence of David Silva, a master in that aspect, was keenly felt.

Meanwhile, Madrid seized their chance when Carvajal made a crucial run into the key position for a cross. The defenders were caught off guard, allowing Güler to meet the perfectly placed delivery and score past Remiro. This breakthrough brought a smile to Güler’s face, previously tense from early reprimands. Later substituted for Vinicius, Güler proved his resilience and willingness to engage in physical battles, despite his perceived fragility.

With Rüdiger’s entry and Militao’s impeccable performance, Madrid intensified their attack, demonstrating both defensive commitment and adaptability with a five-man backline. This tactical approach has propelled them to the Champions League semifinals and brings their success in the league within reach.

Alcaraz's long love affair with the Caja Mágica: "Height favors me"

With this Friday’s resounding triumph over Kazakh Alexander Shevchenko, Carlos Alcaraz has now secured 12 consecutive victories in the Madrid Masters. Since May 5, 2021, when he suffered a defeat to Rafael Nadal on his eighteenth birthday, Alcaraz, still a rising star at the time, has not lost a match on these courts.

Currently ranked number three in the world and already firmly established among tennis elites, Alcaraz has claimed titles at Wimbledon and the US Open, and has spent a considerable amount of time as the top player in the ATP rankings. His love affair with the Caja Mágica continues, as he sets his sights on reaching the round of 16 against Brazilian opponent Thiago Seyboth Wild. It is worth noting that his loss to Nadal remains the only blemish on his record at the Madrid Masters.

Prior to this impressive victory, Alcaraz defeated Adrian Mannarino in his debut match. In his last three appearances, he has overcome formidable opponents such as Nikoloz Basilashvili, Cameron Norrie, Novak Djokovic, and Alexander Zverev. Notable achievements include consecutively eliminating Nadal and Djokovic in 2022, and defeating Zverev in the final to claim the title. Alcaraz now aims to become the first player to win three consecutive Madrid Masters titles.

In addition to his successes in Madrid, Alcaraz is a two-time champion of the Conde de Godó and Indian Wells tournaments. Unfortunately, he had to withdraw from the Conde de Godó this year due to a forearm injury that still requires protection with a compression mesh. While he has experienced early exits in Barcelona and Indian Wells, his performances in Madrid stand out.

Alcaraz attributes his success in Madrid to the favorable conditions, including the altitude, which complements his game. He has been playing at the Caja Mágica since a young age and feels comfortable on these courts. The support of fans, as well as being surrounded by his family and friends, provides him with extra motivation and energy.

Following his recent match, Alcaraz expressed satisfaction with his performance, particularly regarding his physical condition. He revealed that he decided to participate in the tournament after a training session with Daniil Medvedev. Having refrained from picking up a racket for a week following the announcement of his withdrawal from the Conde de Godó, Alcaraz initially had doubts about his ability to compete in Madrid. However, he is pleased with his progress and hopes to continue playing as long as he remains pain-free.

Alcaraz’s future in the tournament will depend on the evolution of his physical condition. As the second seed, he initially aimed to play three or four matches. However, if any discomfort arises, he will not hesitate to stop competing. Looking ahead, the Masters 1000 in Rome begins on May 8th, followed by the start of Roland Garros on May 26th. Alcaraz is determined to perform at his best during the clay season’s greatest objective, the French Open.

Hezonja's short circuits that tarnish Madrid's good footing: sent off with the game sentenced

Amidst the stellar performance by Real Madrid and Facu Campazzo’s sensational performance, there was a bizarre incident that left the WiZink audience stunned. Mario Hezonja, known for his volatile nature, was ejected with a double technical when the game was already decided in Madrid’s favor.

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Euroleague. Campazzo’s impressive performance brings Real Madrid closer to the Final Four

Campazzo’s impressive performance brings Real Madrid closer to the Final Four

In the 37th minute, with Madrid comfortably ahead by 20 points, Hezonja made a baseline drive and collided with Dani Díez, possibly deserving a foul (or not). Frustrated, he struck the photographers and protective barriers, resulting in protests and ultimately two technical fouls. As he left the court, Hezonja continued his display of anger, throwing bottles to the ground and challenging the referee from a distance. Eventually, he was escorted to the locker room by the staff.

This is not the first time Hezonja has lost his cool on the court. He has had confrontations with Chus Mateo, Musa, and even Llull in the past. His frustration in this game is also reflected in his poor performance in the second half, following a promising first quarter. As rumors about his future swirl, with Panathinaikos showing interest, Hezonja remains uncertain with his contract renewal from Madrid.

After the game, no one addressed Hezonja’s outburst in the press room. Chus Mateo focused on the positive aspects of the victory, highlighting their offensive prowess and defensive efforts against a strong Baskonia team. With this win, Real Madrid has maintained home-court advantage and is now on the doorstep of the Final Four. Mateo expressed his team’s faith and determination to win, despite making mistakes along the way.

French university students join the US pro-Palestinian protests and occupy the SciencesPo faculty

Francesco and Martin, both 22 years old, are standing in front of the historic headquarters of the Sciencespo faculty in Paris, waving a Palestinian flag. The entrance has been blockaded all day by garbage containers, fences, bicycles, and wooden pallets. They wear masks to conceal their identities and chant slogans in support of Gaza. Francesco (not his real name) explains that they cover themselves for security reasons and fear disciplinary sanctions or being identified by the extreme right.

Inside the building, several young people can be seen at the windows, their heads covered with Palestinian scarves and masks on their faces. They hold banners with the word “war” crossed out and replaced with “genocide.” Other messages include “We ask for justice, we wait for the police” and “police everywhere, justice nowhere.” Marie, a young woman with a Palestinian scarf around her neck, explains that there is always a repressive response when they try to denounce the massacre in Gaza.

Joining Marie, Francesco, and Martin are several hundred students who have barricaded themselves in the headquarters as a protest against the “genocide in Gaza” and in solidarity with American students demonstrating in universities across the United States. Some students have spent the night in the building, and a group was recently evacuated by the police from another location on campus.

Several young people sitting with banners. Raquel Villaecija

Amanda, a Spanish student who just left the building after spending the night, expresses concern about the potential expulsion threat. They wear white masks and have red-painted hands. Amidst moments of tension with pro-Israel demonstrators, an orchestra plays songs like La Internacional and Bella Ciao to uplift the atmosphere. Amanda emphasizes that they are peaceful and do not want any problems.

The police prefect has ordered the evacuation of public roads and the university management will decide whether the students will leave the building. Martin states that some students have faced disciplinary sanctions and threats, which is why they are all covered and protected. Francesco adds that they want the French university system, from the Sorbonne to Nanterre, to mobilize in this international struggle.

Raquel Villaecija

Yassine, also at the headquarters, denounces the repression faced by those expressing political views on Palestine. He believes that this issue will continue to spread and highlights the criminalization of those protesting against genocide while presenting the killers as victims. Yassine criticizes the intimidation that these students face, calling it unprecedented in a democracy.

The student movement at Columbia University in the United States, which began as a protest against the war in Gaza, has spread to prestigious American universities like Harvard, Yale, and Princeton. In France, the combative student movement draws inspiration from the legacy of May 68.

The management of the Sciencespo faculty has decided to close other locations and is set to meet with the protesting students. The students’ demands include lifting sanctions against penalized students, condemning Israel’s attacks in Gaza, creating a space for non-militant debate and analysis of the situation, and investigating collaborations between Sciencespo and Israeli universities.

The protest has already caught the attention of the political class, with Higher Education Minister Sylvie Retailleau stating, “Debate yes, blockade no.” At the rally, deputies from the far-left party La Francia Insumisa, who have been demonstrating in favor of Palestine since October 7, expressed their support for the students, with leader Jean Luc Mélenchon declaring them the honor of the country.

Shall we focus on Ukraine?

Europe, European public opinion, has turned its attention away from Ukraine. 800 days after the commencement of Putin’s “special operation” marked by a relentless missile onslaught, the crisis in Kyiv no longer dominates the headlines. The once prominent display of courage and suffering in the trenches has gradually faded from our collective consciousness. The plight of civilians, once a prominent concern, has now been relegated to a secondary position in our emotional landscape.

It is no longer just a matter of “war fatigue” that we anticipated.