Apple Music Replay 2020: the most played songs of the year according to Apple | Lifestyle

December has arrived and with it, the summaries of what will be a historical year due to the Covid-19. Fortunately this 2020, year to forget, will end. Now they come at this end of the year summaries of all kinds of things, and how could it be otherwise also the music summaries that, without a doubt, will be a reflection of what we have felt over the last twelve months, in which many of them have been confined at home consuming countless hours of music to cheer us up.

Apple Music Replay 2020

Y Apple Music, just like Spotify Not another thing, but on time they are to the appointment with the best of the year, and that is why we already have all the imaginable classifications in both the computer and mobile applications.

Apple Music Replay 2020 Apple

Last year, Apple introduced Apple Music Replay 2019, a new way of looking at summarizing the year with the songs and artists you have listened to the most. Users can add playlists with their 100 most played songs every year, which Apple Music generates automatically.

This summary we can find in this way:

  1. We open the app Music on our iPhone, iPad or Mac.
  2. We click on the tab Hear.
  3. We go to the end of the screen.
  4. Click on Replay 2020.

In compared to Spotify and its “Wrapped” Apple Music Replay doesn’t generate stories, images or anything more than a web page with a simple list of your most listened to songs and artists, and that made some Apple Music subscribers upset on social media.

On Twitter, many Apple Music users have harshly criticized the company for the great difference in experience compared to Spotifand, which is much higher in this section with its “Spotify Wrapped 2020”. But Apple doesn’t seem to care about improving Apple Music Replay anytime soon, so Apple Music subscribers will have to settle for Replay for another year, which is not even accessible through the Music app.

It is clear that the playlists of digital platforms are a great way to discover and recommend music. In times where the offer is really high, being able to enjoy a selection is undoubtedly appreciated.

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Apple wants to remove the last port that remains alive from the iPhone 13 | Smartphones

It is not the first time we have heard such information but, unlike other times, now there are reasons to think that Apple is considering eliminating the only port that is healthy to your iPhone: the Lightning. The one to which we connect the charger and to which, until recently, we also plugged the Earpods through the famous 3.5mm minijack adapter.

But since 2016, Apple’s policy has been directed towards a destination where the phone will only be able to communicate with the outside world through its wireless connections, leaving the wiring for the history books. So by 2021 it is very possible that, if not all, if some of the iPhone 13 that reach the market will do so without that connector at the bottom, so it will only be possible to recharge it through a wireless base or, of course, with an official Californian MagSafe accessory.

Progressive elimination

According to sleepless the best-known analyst of the Apple environment, Ming-Chi Kuo, those of Tim Cook already have on the table the development of an iPhone 13 that won’t have any charging ports to plug in any cables, of no standard. Neither Lightning nor, of course, USB-C. This is a full-blown elimination that would leave us the only option to recover the battery from wireless technologies.

iPhone connected to a Lightning cable. Unsplash

As we tell you, it would not be a complete and sudden transformation but rather the launch of one of the iPhone 13 with this feature that, according to them leakers (including the famous Jon Prosser), the fate would fall on the Pro Max. The largest and most expensive model you would happen to remove from your box, too, the Lightning to USB-C cable They have brought the latest iPhone 12 to replace it with another with a MagSafe end. In the style of the Apple Watch.

Although this feature has already been rumored to become a reality with this year’s iPhone 12, the truth is that circumstances could have helped Americans to be more conservative and introduce the changes a generation later, in 2021. At last and last. cape, the seed of that decision is already planted in the market and is called MagSafe. When these iPhone 13 reach the stores, these accessories will already have a year behind them and future buyers will have cheaper alternatives, from third parties, to replace the traditional charger.

It is a movement similar to the one that occurred in 2016 when Apple removed the headset connector from its iPhone 7 from the map and, simultaneously, presented its new Airpods wireless that made millions of users forget about that controversial decision.

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Pfizer, Oxford, Moderna … Which Covid-19 vaccine will you get? | Companies

What vaccine are you going to get to get immunized against the coronavirus? The short answer is that you will not be able to choose. The long version is that it will depend on a host of circumstances regarding which ones are authorized in Europe, the industrial capacity of the manufacturers, the European supply contracts and the vaccination schedule for groups that the Government designs.

At the moment, the alliance vaccine between Pfizer and BioNTech like the AstraZeneca. It is expected that the first doses of both initiatives can be distributed in Europe at the end of December and on a larger scale from the first quarter of 2021. In that race they follow Moderna, Janssen, the consortium of Sanofi y GSK Y CureVac (see graph).

For the moment, these are the companies that are going to distribute in Europe, since they are the only ones that have reached advance purchase agreements with the European Commission, to which the Member States adhere, as in the case of Spain. Only in the case of Moderna, the Executive of Ursula von der Leyen has not finished signing the contract. The countries can add other acquisitions to alternative companies, but at the European level it is not being done, since the centralized negotiation has been transferred to Brussels. Likewise, contracts for advanced candidates designed by Novavax, Medicago or the giant Merck Sharpe & Dohme (MSD) could be added in the future.

With these contracts, the EU has already reserved at least 1,305 million doses, but to which an optional 660 million can be added. By the proportional distribution with respect to the population of the country, Spain would have between 137 and 206 million vials if it is added to all commercial pacts.

Apart from these contracts, logically, the first vaccines to arrive will be the ones that are most advanced in the research process. In this section there are three initiatives: the North American Pfizer and the German BioNTech; the British AstraZeneca together with the University of Oxford, and the American Moderna. In these three cases, the European Medicines Agency (EMA) carries out a continuous evaluation of these trials to proceed with an almost automatic authorization as soon as sufficient medical data on efficacy and safety is available, something that could happen in the coming weeks.

Pfizer and BioNTech are leading that race, as this Wednesday they announced that they have concluded phase III (the last stage with thousands of volunteers before authorization) with an efficiency of 95% and that they plan to distribute in Europe before Christmas. Moderna also reported last week a preliminary efficacy of 94.5%. Its distribution could arrive in the first quarter of 2021. AstraZeneca is expected to offer efficacy data shortly and to begin distribution in December if it receives the approval of the EMA first. Salvador Illa, Minister of Health, already pointed out last month that he expects 3.1 million doses of this pharmaceutical for next month.

They go one step behind Sanofi (which expects to reach an authorization in the first half of 2021); Janssen (first trimester), and Curevac (third trimester). But in the case of the first two, what they would contribute to this race is a significant jump in large-scale production thanks to the manufacture of 1 billion doses a year each.

Hungary wants to skip the community purchase and take over Russian Sputnik V

In fact, one of the determining factors on which solution will be injected to each citizen is not only which one is authorized, but whether it is initially available. For this reason, when the Government decides what the vaccination schedule will be by groups and ages, it is expected that during the first months the available solution (Pfizer and AstraZeneca) will be injected without even the Administrations being able to choose other criteria such as price or ease of storage. Ugur Sahin, CEO of BioNTech, confirmed this Wednesday that any alternative will be welcomed with relish: “I really do not expect a competitive situation during the first nine months because every dose of approved vaccine that anyone can supply is welcome and will probably be used.” He also advanced that he hopes to have a new formulation of his product in 2021, since now it has the disadvantage of a distribution at 75º below zero.

Therefore, as the calendar progresses, for the Spaniards who are the last to be vaccinated, it is foreseeable that there will be a greater range of options.

All these companies are manufacturing vials simultaneously with their R&D with the aim of having millions of doses prepared when they receive sanitary authorization, although the great industrial leap is not expected until the second half of the year. The success of large manufacturers such as Pfizer, Sanofi, MSD, AstraZeneca or Janssen would be crucial for vaccines to reach health centers en masse.

Price factor

Neither Russian nor Chinese

The vaccines that are not expected to arrive, at least not expected in the coming months, will be the Chinese or the Russian. These projects should previously request marketing authorization from the European Medicines Agency (EMA) to proceed with the evaluation of trials carried out in other territories. “It is not absolutely necessary that there be tests in the EU, but it is necessary for companies to follow the regulatory procedures that guarantee the quality, safety and efficacy required in our territory”, Health sources explain. Nor has the European Commission negotiated a supply contract for these alternatives.

Hungary, which has Viktor Orban as prime minister, has raised a controversy within the EU by advancing that it will negotiate the purchase of the Russian vaccine Sputnik V. That contract would be carried out outside the set of 27 and the Commission has already warned of the risk which involves vaccinating the Magyar population without following the strict controls of the tests by the EMA.

Given the enormous need due to the health and economic problem caused by the pandemic, price will not initially be a determining factor once the European Commission has already signed the contracts. But in amount, AstraZeneca is far apart, since its vaccine (two doses for 5.9 euros in total) is by far the cheapest, so in the medium term it may be a relevant factor for the authorities.

Currently, the department of Salvador Illa has not communicated the vaccination criteria, since it is debated in the Interterritorial Council in which autonomous communities participate, and which is joined by scientific societies, experts in bioethics, the Spanish Association of Vaccination and experts in mathematical models. But the minister has been advancing some ideas that they should first be administered to the elderly, health professionals and other risk groups.

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Not only Brexit: the EU gambles 1.8 trillion in a summit ‘animated’ by Hungary and Poland

New key appointment in Europe. EU leaders meet again this Thursday with several key issues on the table: the financial future of the Union, give a more coordinated approach to the second wave of the Covid-19 pandemic, and the possibility of a modest post-Brexit trade deal with the United Kingdom. “They are three hard nuts to crack” that can derail the situation, because “the stakes are high.”

These are the words of Berenberg analysts, who believe that the first of the three issues, namely the financial one, “will determine the future of the EU even more than the other two.” And it is that the summit this Thursday must deal with the threat of delaying the ‘mega tax agreement’ of 1.8 billion euros that emerged after the veto of Hungary and Poland to the recovery fund and budget.

Although the German firm believes that this issue will not be settled at this meeting, but that the countries will take advantage to start negotiating and in the end there will be an agreement “in time” for the December 10-11 summit. They are optimistic in this regard, given that otherwise, the first payments of the aid provided for in the recovery fund created to face the consequences of the coronavirus crisis, which amounts to 750,000 million euros, “could be delayed from the second to the third quarter of 2021, “and that is something the Twenty-seven cannot afford.

“While this would be unfortunate, it shouldn’t make much of a difference as long as major recipients like Italy and Spain can borrow in the markets under exceptionally favorable conditions “, as is the case now, says Berenberg. In fact, he assures that it is “highly unlikely” that the € 1.8 trillion package could permanently derail.

It should be remembered that at the summit held last July, EU leaders laid the foundations for an “innovative agreement” of 1.8 trillion euros: 750,000 million euros to support the post-Covid recovery and 1, € 07 trillion for the EU’s seven-year financial framework (2021-2027). So what is the reason for the veto of Hungary and Poland? Very simple, because the agreement links payments to political criteria and the rule of law, something that these two countries do not share.

According to Berenberg, these are “loosely defined” criteria, and as in everything, “the devil is in the details.” And it is that although from a technical point of view Hungary and Poland cannot prevent the EU from adopting the mechanism of the rule of law to condition the distribution, since it can be approved by a two-thirds majority, it does require a unanimous vote for the seven-year financial framework and to allow the European Commission to issue bonds to finance the support fund of € 750 billion. “This gives Hungary and Poland an advantage”say the experts at the German firm.

Something not trivial, if you take into account everything that is at stake. And is that “the perception of a lack of solidarity within the EU could strengthen the narrative of skeptical populists” with the Union, while a “prolonged fiscal stagnation could undermine the cohesion” of the Twenty-seven. However, Berenberg is optimistic. “It is true that the stakes are high, but the probability that the problem can be solved appears to be even higher“say its analysts.

“A lot of pressure is expected in Poland and Hungary and a lot of discussions in the coming days and weeks. Most likely, the wording of the rule of law mechanism will not be changed, but these countries may obtain minor concessions,” says the German firm. The safest thing, he says, is that “the worst case scenario” does not occur, that is, the blockade, and that the controversy “can be resolved” before the end of the year.

THE OTHER TWO ISSUES: BREXIT AND COVID-19

Regarding the other two issues, they worry the experts less. Regarding the pandemicNow EU countries “are cooperating better” than during the first wave, and so even if there is not a “fully coordinated approach”, the exchange of experiences “will probably help countries in their national strategies,” says Berenberg.

And the Brexi? Well, it has become something of a never ending story. Although the British Prime Minister, Boris Johnson has once again chilled expectations of a possible trade dealThe truth is that there is a certain optimism about it. “The possibilities of an agreement seem to be increasing,” points out the German firm, which despite recalling that the three issues of discord (fishing, equal conditions and dispute resolution mechanism) have not been fully resolved, it seems that “the negotiators are working hard on a legal text “that could result in an agreement. “We expect the negotiators to present it shortly, but probably not this Thursday,” they conclude. Not without first remembering, of course, that “the result is still wide open”.

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When does Atlético de Madrid play vs. Barcelona: Suárez against his friend Messi – Ovation – 11/14/2020

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The Atlético de Madrid Y Luis Suarez receive the Barcelona next Saturday at the Wanda Metropolitano on a new date of The League. It is a long-awaited crossing since it will be the first time that the “Pistolero” faces the team of which he is the third highest historical scorer and of which he left in the last transfer market surrounded by the crisis of the culé club.

When do Atlético de Madrid vs. Barcelona?

The game will be on Saturday, November 21 at 5:00 p.m.

Barcelona will reach the team in need of adding three, after having lost two of the seven games they have been in La Liga. The AthleticFor his part, he is the only undefeated left in the tournament after seven games. And it is third only three points below Real Sociedad, which leads La Liga with two more games than the mattress.

After the turbulent departure of the Catalan team, Luis Suárez will have the opportunity to show the Catalans leaders that he is still there to compete at the first level. His start to the season confirms this, as he has scored five goals in six games in Spain, while Barcelona has a hard time finding a scorer among its players. Antoine Griezmann does not affirm himself and, to make matters worse, the Catalans lost Ansu Fati, injured and out for several months.

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Defense and Colón open on Sunday for the Professional League Cup: all matches

Defense and Justice and Colón put first in the Professional League Cup this Sunday from 11 in the morning in Florencio Varela, for the opening date of Zone 2 of the contest, which is also made up of Independiente and Central Córdoba de Santiago del Estero.

Equipment:

Defense: Ezequiel Unsain; Adonis Frías or Néstor Breitenbruch, Franco Paredes or Héctor Martínez, Juan Rodríguez or Emanuel Britez; Ciro Rius, Nelson Acevedo, Marcelo Benítez, Eugenio Isnaldo; Gabriel Hachen and Braian Romero or Nicolás Leguizamón; Francisco Pizzini. DT: Hernán Crespo.

Columbus: Leonardo Burián; Emmanuel Olivera, Bruno Bianchi, Rafael Delgado; Alex Vigo, Rodrigo Aliendro, Federico Lértora, Gonzalo Escobar; Facundo Farías; Tomás Chancalay and Wilson Morelo. DT: Eduardo Domínguez.

Hour: 11

TV: Fox Sports.

Referee: Ariel Penel

The Professional League and the Ministry of Security of Santa Fe reached an agreement and the match between Unión and Arsenal will be played on the day and time established this Sunday at 14:00. The match was in danger of not being played since the Police of the province It was not willing to provide the security operation because it considered the number of troops assigned to a show that will take place without an audience insufficient.

Equipment:

Union: Sebastian Moyano; Francisco Gerometa, Brian Blasi, Jonatan Galván and Lucas Esquivel, Juan Ignacio Nardoni, Leonel Bucca, Kevin Zenón; Nicolás Andereggen, Luna Diale and Gabriel Carabajal.

Arsenal: Gagliardo; Abreliano, Pereyra, Carabajal, Pope: Antilef, Mendez, Castro, Candia; MIracco, Albertengo.

Racing Club, which is looking forward to the two matches for the second round of the Copa Libertadores, against the reigning champion Flamengo of Brazil, will be local to Atlético Tucumán, in a match for Zone 1 of the Professional League Cup.

The match will be played at the Presidente Perón stadium in the city of Avellaneda, this Sunday from 4.15pm, with the refereeing by missionary Néstor Pitana and televised by TNT Sports.

Equipment:

Racing Club: Gabriel Arias; Iván Pillud, Nery Domínguez, Leonardo Sigali and Eugenio Mena; Marcelo Diaz; Lorenzo Melgarejo, Leonel Miranda, Matías Rojas, Héctor Fértoli; and Lisandro López. DT: Sebastián Beccacece.

Atlético Tucumán: Cristian Lucchetti; Marcelo Ortiz, Yonatán Cabral, GuillermoOrtiz and Fabián Monzón; Agustín Lagos or Guillermo Acosta, Cristian Erbes, Franco Mussis, AugustoLotti or Leonardo Heredia; Lucas Melano and Javier Toledo. DT: Ricardo Zielinski.

Independiente, excited about his good start to the season with the victory he achieved during the week in the Copa Sudamericana, will try to prolong his moment when he visits Central Córdoba de Santiago del Estero in a match valid for the initial date of zone 2 of the Cup Professional League.

The match will be played this Sunday from 6:45 p.m. at the Alfredo Terrera stadium, of the Santiago team, it will be refereed by Pablo Dovalo and televised by the TNT Sports signal.

Equipment:

Central Córdoba: Alejandro Sánchez; Ismael Quilez, Oscar Salomón or Hugo Vera Oviedo, Franco Sbuttoni and Jonathan Bay; Juan Galeano, Ariel Rojas, Cristian Vega and Juan Ignacio Vieyra; Claudio Riaño and Sebastián Ribas or Abel Argañaraz. DT: Alfredo Jesús Berti.

Independent: Sebastián Sosa; Fabricio Bustos or Gonzalo Asís, Alan Franco, Alexander Barboza or Sergio Barreto and Thomas Ortega; Lucas Romero and Lucas González; Domingo Blanco, Alan So Señora or Braian Martínez and Andrés Roa; Nicolas Messiniti. DT: Lucas Pusineri.

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Messi vs CR7 could be played with fans at the Camp Nou

Barcelona planned to play with amateurs in his debut of Champions League, but the Generalitat of Catalonia pushed back these plans, although now opened the possibility of fulfilling this wish on Matchday 3 when they receive the Dynamo Kyiv, which would mean that for the J6 when Messi face Cristiano there could also be an audience.

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Comment: Boris Johnson is in the struggle for Brexit not to be trusted

Emotions and political drama have long since taken control. Great Britain cannot use any further turbulence in this regard.

It is nothing new that the British Brexit elite consider their country to be so extraordinary that they are convinced they need no one, especially not Europe. But one might think that the EU exit process, which has been going on for years, is tedious and filled with drama, is the fairy tale of Great Britain Would have exposed uniqueness as such. But this is by no means the case. Prime Minister shoots again and again Boris Johnson from Downing Street verbally towards Brussels – and not only puts all the blame for the failure of the talks on a future free trade agreement on the ME, but also threatens to break off the negotiations if the international community does not agree Londons move. For days, conservative ministers have been more or less bluntly accusing Brussels of not wanting to grant Great Britain the deal the kingdom deserves.

The EU has a clear advantage in the negotiations with Great Britain

This can be described as the pure form of the English “exceptionalism”, an eternally lasting exceptional position. Nonetheless, the government’s approach is remarkable because even the last ideologically disguised hardliner on the island should have noticed that the 27 EU member states enjoy an advantage at the negotiating table due to their size, strength and experience. The problem is that it is no longer just about content-related issues. The partners could of course agree to compromises on both sides on fisheries or on state aid. But now emotions have become too big a role. And that’s where it gets dangerous.

Feelings make people act unpredictably, which is why Johnson and his Eurosceptic applauseers must be trusted to take every step. Economic issues are less important to them than the much-invoked buzzwords freedom, independence and sovereignty.

Brexit: The UK economy is calling for help

Unfortunately, this attitude in no way coincides with the calls for help from the business world. Entrepreneurs expect chaos and delays at the borders, business people look in horror at the bureaucratic effort they will face, at the impending tariffs and controls that, among other things, make importing and exporting products in both directions more expensive, as well as truck traffic jams that are kilometers long in the ports the British Isles. Not to mention the former civil war area of ​​Northern Ireland, where people are afraid that conflicts would flare up if there was a visible border with the EU state Ireland.

In the kingdom, observers are puzzling how serious Johnson is about the hard break. Are these political shop window speeches with which he wants to show his strength in front of his compatriots by rumbling loudly towards Brussels and presenting himself as the savior of a deal in a few weeks? Or would he risk that the rules of the World Trade Organization take effect when the transition period expires?

The EU and the British will remain partners after Brexit

Actually, the country that has already been hit by the pandemic cannot afford any further impairments in addition to the second wave of coronavirus, even if there will be – whether an agreement is in place or not. In any case, the political and economic relationship between the continent and the Kingdom will be fundamentally different from 2021 onwards. The advantage of a contract, however, is that not all china would be smashed, not all trust would be destroyed. In the end, unfortunately, this is too often forgotten, Great Britain and the rest of the EU remain neighbors as well as close allies and trading partners.

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what Spain is playing in the EU

Crises open opportunities, said Albert Einstein. And the challenge is whether the chiaroscuro of the crises will illuminate monsters or a better country. Spain is the country hardest hit in the European Union by the health and economic crisis. The medical data on the incidence of the coronavirus say so, which has placed Spain at the forefront since the beginning of the pandemic. And the economic data say so, which has also placed Spain among those that will suffer the most recession and unemployment as a result of the coronavirus. Added to all this is uncertainty about how Brexit will end, with a trade agreement or not. The next few weeks are key to closing the deal or for everything to blow up …

The pandemic places Spain at the forefront of unemployment and economic disaster in the EU

Know more

Spain, according to the figures provided by the Government to the European Commission in its Budget Plan delivered this Thursday, has allocated 200,000 million to the coronavirus crisis, including ERTE, guarantees to companies and transfers to the autonomous communities.

But the European money has not yet started to arrive.

“We have to get something out that is historical,” explains a community source, “we must not forget that the July decision of the EU leaders is a historical decision that is unprecedented and that it is probably one of the most important things that the European Union has made since its foundation. It is a paradigm shift in many ways and a leap in an integration model that for Spain and for many European citizens was a goal of many years ago. ”

At the end of this month, the debt issuance by the European Commission is expected to begin to launch the SURE program to finance ERTEs. Spain has awarded 21,300 million in soft loans, and it is expected that in the coming weeks a third part, about 7,000 million, may arrive.

The Spanish Government’s commitment to ERTEs has been key to sustaining a drain on employment, and even so the year will close at around 17% unemployment. But what if you couldn’t even count on those 21.3 billion?

Spain is not only playing to prolong the ERTE. Spain has before it 140,000 million in three years, 72,000 million in subsidies and 68,000 million in loans. For what? “To take advantage of the crisis to lay the foundations for a more digitized and more sustainable country model,” they explain in the Government.

Complicated negotiations in the European Parliament

The risks? There are many. The first is that after the political agreement of the EU leaders after five days of negotiations in July, the negotiations with the European Parliament are being complicated: the European Parliament asks for more money for key items of the community budget, while the governments do not want increase global ceilings, and requires greater conditionalities in relation to the rule of law, an issue in which the clamp between Hungary and the Netherlands is also operating.

That is to say, there are still days of negotiations, while with each passing day the situation worsens throughout Europe, although parliamentary sources suggest that the negotiations with the European Parliament may already be entering a purely technical area that allows the knots to be undone.

But, once this agreement is produced between the European Commission, the Council – the governments – and the European Parliament, the parliamentary procedure in the 27 will be necessary for an extraordinary operation, which requires creating new taxes and increasing the spending ceilings to issue debt by the European Commission worth 750,000 million euros.

All of that won’t be done in two days.

Then there will be new deadlines: up to eight weeks for the European Commission to assess countries’ reform plans before the last approval from the Council arrives, which can take up to three months for approval. In short: it will be difficult for the money to start arriving before the summer, and the Government has 27,000 million – 25,000 from the recovery plan and 2,000 from the React EU plan of the European Commission – in its 2021 budget plans.

There are two points of difference in GDP growth for the Spanish economy between what is expected or not.

“We have to get a file that is very complex,” explains a diplomatic source, “that citizens are waiting for it. And the European economy and the Spanish economy need it, it depends a lot on it, not only after the crisis is over. macroeconomic general, but the life and well-being of many citizens “.

A regulation that includes debt and deficit limits

Along the way there is another difficulty for Spain, which it has raised in the meetings in Brussels with the rest of the countries: the final regulation of the recovery fund includes the need to respect the fiscal margins under penalty of seeing the arrival of funds cut off . And what does it mean? That countries must comply with the deficit and debt limits established by the European semester – the economic governance mechanism of the European Commission – through the Stability and Growth Pact. Now, that pact has been on hold since the beginning of the pandemic and, Brussels has announced, it will be all in 2021.

The problem may come when you want to reactivate, with countries with runaway deficits and debts, depending on how you are going to reactivate. It will depend on whether or not Brussels can demand more or less economic cuts and adjustments, and in what areas. In the previous crisis, economic sacrifices were decreed in the form of cuts in pensions, social and health services, public employees and investments. For now, the path is being different, but the Spanish Government is awaiting the evolution of this debate.

Spain has not blocked the fund’s regulations, although there is a tightening of the conditions, nor has it blocked compliance with the rule of law, although its approach is so limited that it will allow the Netherlands and Poland to be as iliberales as they are being; just as in the negotiations with the European Parliament, he is on the side of the rotating German presidency, rather than the Socialist rapporteur. Why? Because Spain, these days, is not only playing a large volume of money, but a way out of the crisis different from the previous one and a country model, with the lurking, in addition, of an added uncertainty: Brexit.

The never ending Brexit

On January 31, 2020, the United Kingdom left the EU. And on February 1, a transition period began, in which practically nothing changes, except that the United Kingdom ceases to have a voice and vote, dedicated to the negotiation of the future relationship agreement between the European Union and London.

On Thursday night the 27 pressed the British Prime Minister from Brussels to finish Brexit with the future relationship agreement from January 1, but this Friday Johnson has been forceful: “If the EU does not change, the talks are broken We are ready for the no-deal. ” To get to January 1 with an agreement in force, a pact is necessary in two or three weeks. And what is the scenario of the no agreement? That trade relations, as Johnson likes to say, would be “Australian.” That is to say, governed by the basic rules of the World Trade Organization, without any special advantages typical of someone who has been in the EU for 45 years and with whom there is so much neighborly relationship, centuries-old commercial ties and citizenship among the thousands of Europeans living in the UK and British in the EU.

The lack of a trade agreement would be a blow to the ten countries with the closest relationship with the United Kingdom, including Spain, whose fishing fleet is highly dependent on British waters, and on whose coasts there are thousands of British living seasonally. Furthermore, it could have consequences on the relationship with Gibraltar and on the economic situation of Campo de Gibraltar “.

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Ibex 35 companies | Medium Ibex 35 plays 30,800 million in income before a possible hard Brexit

Brussels and London they run again heading to the precipice of a no-deal ‘divorce’, that is to say, an exit of the United Kingdom from the block without the safety net of a commercial pact that will govern the relations between both parties from next January 1. British Prime Minister Boris Johnson said Friday that it is time to prepare for that possibility. He said it after the ultimatum given by the Twenty-seven in the Summit of Heads of State, in which they asked their government to give in on some points of friction if it did not want to conclude the negotiations. While both of them tighten the rope, a good handful of Ibex 35 companies, which represent practically half the value of the index (209,107 of the 449,490 million euros that it currently capitalizes) are gambling a whopping 30,800 million in income from the islands.

Of all of them, the most exposed firm is the airline holding company IAG, the parent company of Iberia and British Airways, and not only in terms of billing. 32.7% of its total sales depend on the United Kingdom (they are 8,362 million of the 25,506 that it billed in total last year), but its situation is even more uncomfortable, since the European Commission still does not have clear plans to maintain the flight license and to be able to operate in the community sky if this abrupt departure scenario occurs. Brussels demands that more than half of the shareholding is in community hands –that IAG guarantee its “Spanishness” – a premise that the group led by the Spanish Luis Gallego ensures compliance since this conflict began.

Also very exposed to this market is Ferrovial, which operates the Heathrow and holds a 50% stake in ASG -the aerodromes of Aberdeen, Glasgow y Southampton-. The multinational infrastructure company obtained practically a quarter of its sales on British soil last year (3,140 million out of a total of 13,044 million euros). In the Strategic Plan 2020-2024, that the company led by Rafael del Pino e Ignacio Madridejos introduced earlier in the year, he was confident the UK would remain relevant to his business after Brexit.

It is true that this roadmap was presented before the coronavirus crisis broke out, a ‘blow’ that has completely clouded the horizon both at the macro and business levels. The International Monetary Fund (IMF) warned that everything will depend on the evolution of the pandemic in the coming months and the adoption of new mobility and social distancing restrictions that for the moment already affect to some population centers in Spain, France, Germany and also the United Kingdom. Now, the possibility of a chaotic abandonment of the bloc by the British adds to this panorama adds more gasoline to the fire of uncertainty.

The bank, also attentive to the British issuer

Behind IAG and Ferrovial is Sabadell, the third most exposed Ibex 35 company in the islands through its subsidiary TSB, which contributes 1,091 million euros (22%) of a total gross margin of 4,932 million that the entity reached last year. The bank they head Jaume guardiola Y Josep Oliú He is in all the pools to star in another of the sector’s mergers after the one agreed by Caixabank and Bankia and the one launched by Unicaja and Liberbank. Like the rest of the entities, it is currently listed below its book value and is, in fact, the second most affected value of the Spanish selective since January with a drop of 72%, exceeded only by the 78% collapse in IAG.

The Spanish selective bank also has Santander with an eye on London, although, in its case, the British business contributed 9.5% of the group’s total gross margin (4,727 million euros out of a record income of 49,494 million ). Recently, the Bank of England surveyed a group of large banks that operate in the country, including the subsidiary of the entity chaired by Ana Botín, but also Lloyds, HSBC The Barclays, to check whether they would be financially and technically prepared in the event that the issuer places the intervention rates (to which it lends money to entities) to zero or negative, something that would happen for the first time in history. This is a measure that other large central banks have already taken with the aim of avoid a liquidity crisis in the face of the biggest recession since World War II.

With regard to Iberdrola, its British subsidiary, ScottishPower, it entered 6,326 million (17.34% of the 36,473.9 million euros that the group invoiced in total last year) through its networks, renewable and generation businesses and customers. The subsidiary of the group that captains Ignacio Galán It is the UK’s first integrated energy company to produce 100% green electricity, that is to say, energy that comes entirely from renewable sources (offshore and onshore wind power).

Another of the heavyweights of the Spanish selective index that is very aware of the talks between London and Brussels is Telefónica, with a strong commitment to the islands. The Spanish operator and Liberty Global announced in May a merger agreement between O2 and Virgin Media (its two subsidiaries in the United Kingdom) to create the largest English operator by assets. Now they plan to invest more than 11,000 million euros in the deployment of new networks, technology and services over the next five years, as they have explained to The Times their top managers.

At the end of 2019, the firm chaired by Jose Maria Alvarez-Pallete it received from British lands 14.7% of the 48,422 million euros of its total turnover (7,109 million euros). These figures give it a greater presence than that of the first Spanish selective company by market capitalization, Inditex. The Galician multinational obtained last year total sales of 26,286 million euros, of which less than 5% would come from the United Kingdom, which contributed 78 million to the pre-tax result of the textile group.

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