Fiscal sustainability in Spain and Europe : Navigating a new landscape

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      <subfield code="v">VOLUME 15 | number 5, September 2026</subfield>
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      <subfield code="a">Spain's fiscal policy after three years of budget rollovers -- Spain's fiscal consolidation: Falling short of its economic momentum -- Spain's expenditure overshoot raises adjustment pressures for 2027 -- Defence spending and debt sustainability: The euro area's fiscal rules post 2024 -- Financing a federal Europe: A roadmap for a European treasury -- Scaling up: Lessons from Spain's fastest-growing medium-sized firms -- European banks and cyber risk: How AI is changing the equation -- The supervisory review and evaluation process (SREP) over a decade on: Consolidation, integration and simplification -- Recent key developments in the area of Spanish financial regulation -- Spanish economic forecasts panel: September 2026 -- Economic indicators -- Financial system indicators -- Social indicators</subfield>
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      <subfield code="a">This issue examines fiscal sustainability in Spain and Europe amid renewed fiscal rules, rising defence spending, and pressures from demographic, technological and climate-related challenges. It analyses Spain's budget rollovers, fiscal consolidation and expenditure trends, alongside the European fiscal framework and proposals for stronger common fiscal capacity. Additional articles address the growth of medium-sized Spanish firms, cyber risk and AI in European banking, and the revised SREP supervisory guidelines.</subfield>
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      <subfield code="v">Vol. 8, nº 4 july 2019</subfield>
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      <subfield code="u">https://www.funcas.es/revista/fiscal-sustainability-in-spain-and-europe-navigating-a-new-landscape/</subfield>
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