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A Comprehensive Overview of Spain: Culture, Economy, and Financial Planning

This presentation by Frank van Lerven highlights the key facts about Spain, the second-largest country in Europe, known for its rich cultural heritage and robust economy. With a population of 42 million and over 45 million annual tourists, Spain offers diverse attractions across 17 autonomous regions. The presentation addresses Spain's parliamentary monarchy, varied languages, and strong Catholic presence. It explores the dynamic economy from 2000 to 2005, including the real estate boom and subsequent recession, while emphasizing the role of financial planners and regulations in ensuring financial stability.

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A Comprehensive Overview of Spain: Culture, Economy, and Financial Planning

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  1. SPAIN 2009FPA-EAME PRESENTATION By Frank van Lerven CFP®

  2. Facts about • Spain is the second largest country in Europe (after France). • Population size: 42 million • Tourism: Over 45 million tourists visit Spain each year (Spain is the second most visited country in the world). • Political Structure: Parliamentary monarchy (since 1978). • Regions: Spain is made up of 17 autonomous regions. • Currency: Euros ( before 2002, pesetas). • Language: Spanish (Catalan, Valencian, Gallego, Euskera are independent languages spoken in Catalonia, Valencia, Galicia and The Basque Country). • Religion: 98% of the population is Catholic (there is freedom of religion in Spain) • GDP - per capita (purchasing power parity): $23,300 (2004).

  3. SPAIN ECONOMY 2000 till 2005 HUGELY DYNAMIC • LOTS OF FOREIGN INVESTMENT • DRIVING FORCE IN EEC • REAL ESTATE BOOM • HIGH EMPLOYMENT

  4. 2005-2009 • REAL ESTATE CRASH • (GLOBAL) RECESSION • UNEMPLOYMENT 16% (2009)

  5. 2008 – 2009 GLOBAL CRISIS SPANISH FINANCIAL INSTITUTIONSHOLD UP WELL THANKS TOSTRONG & CONSERVATIVEREGULATION BANCO SANTANDER HELPS WITH THE BAIL-OUT OF UK BANKS

  6. REGULATION FINANCIAL SERVICES THE AUTHORIZING AGENCIES ARE: • FOR BANKS: BANCO DE ESPANA • FOR INSURANCE&PENSION COMPANIES: DGS (Direccion General de Seguros y Fondos de Pensiones) • FOR SECURITIES & MUTUAL FUNDS: CNMV (Comision Nacional del Mercado de Valores)

  7. EFPA SPAIN IS THE ASSOCIATION FOR FINANCIAL PLANNERS • PART OF THE EUROPEAN FPA • 6500 FINANCIAL PLANNERS ARE REGISTERED • EXAMS ARE REQUIRED 28 Financial companies supporting €FPA Certifications

  8. Services offered to members ■ Continuous education: digital conferences ■ Information: articles, reports (fiscal, legal etc.) ■ Networking: chat, professional forum, publications ■ Newsletter ■ Services offered by companies

  9. Contact Andrea Carreras-Candi Gran Vía 670 2ª planta 08010 Barcelona Tel: +34 93 412 10 08 Fax: +34 93 412 10 15

  10. LISTS UNREGULATED ADVISERS: 300! • LISTS REGULATED ADVISERS : 11! • The authorities are taking action against the unregulated advisers: not easy because many of them are based outside Spain.

  11. SPAIN IN ONE SENTENCE • “Spain combines its superb artistic and natural heritage with an infectious, go-ahead dynamism” From Lonely Planet

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