1. The Government approves budgets that foresee lower growth and employment and more taxes and spending. The 2019 Budgets already include the yincana that will be processed in the Congress of Deputies, as the Government has approved this morning in Council of Ministers the draft of accounts, which estimates higher taxes and public spending and lower growth in activity and employment.
2. The Government opens the door to delay the actual retirement age by one year. Social Security intends to delay the actual (effective) retirement age by one year, from the 62.7 current years, as one of the necessary measures to adopt to achieve the sustainability of the system, although it would allow early retirements whenever they imply a higher contribution.
3. LThe CNMV is studying the impact of ex-commissioner Villarejo's espionage on BBVA's accounts. The National Securities Market Commission (CNMV) is studying the impact that could have been caused in BBVA's accounts by the espionage carried out by former commissioner José Manuel Villarejo on behalf of the bank to stop Sacyr's assault attempt on the entity, have confirmed sources of the organism
4. Spanish Ramón Laguarta, new president of Pepsico. The board of directors of Pepsico has decided "unanimously" to appoint the Spanish Ramón Laguarta, current CEO, as new president of the multinational replacing Indra Nooyi, who will remain as president until she retires next February 1st.
5. Home sales slow down in November and grow by 2.8% adding eight months of increases. The sale of homes it has increased by 2.8% last November in relation to the same month of 2017, up to 42,510 operations, as reported this Friday by the National Institute of Statistics (INE).