Mythicizing the Ibex 35 as the business mirror of Spain is a mistake.
Three-quarters of the 35 companies that make up the main stock index are part of highly regulated sectors, nationally and internationally.
They live constrained by regulations and decrees, from supranational to local and in very specific sectors they depend, for the most part, on public concessions.
The banking sector, formerly one of the star businesses in the Spanish market, still supports derivatives
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