“El Plan Obama; a new Eldorado?” – Investment Opportunities for European Companies from the US Stimulus plan

Spain has recently launched a program to claim US stimulus money under the “Made in/Made by Spain” marketing campaign launched in New York in April.  Spain’s industry minister predicts that the country is poised to get $71 billion worth of contracts from the stimulus package (Spain calls it “el Plan Obama”) compared to ($67 billion) stimulus package by the country (which according to the Spain’s Central Bank has already stretched the country’s capacity for further spending).  It would be interesting to find more information on that (one could speculate that the opportunities might arise from capabilities of Spanish firms in the renewable sector) but in any case this opens up a very interesting discussion and might as well create opportunities for other countries.  Read the story at Economist.

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