Ana Fuentes (Strasbourg) | “Amazon is able to optimize their consumers´ experience and thus push down prices to compete with traditional and online retailers in Europe, but what worries me more, is Alibaba. They are able to virtually ship goods for free, what makes them extremely competitive even compared to Amazon, due to the universal postal convention, which says that China as a developing country”, says Christofer Fjellner, Member of the Committee on International Trade at the European Parliament.
Articles by Ana Fuentes
About the Author
Italy’s new coalition government seems to be paving the way for the country to abandon the common currency. Fortunately there are still many voices to be heard: European partners who are not willing to see their 4th biggest member leave, EU treaties, financial markets and Italy’s president.
Ana Fuentes | “The European leaders will also have to deal with insuring and enlarging a multilateral open system for trade, threatened not only by the US policies, which will lead to Germany having to accept more responsibility within the EU and in the world – and this includes not only the fields of economy and finance,” says Joachim Bitterlich, who was advisor to former Chancellor Helmut Kohl and is currently Professor at the ESCP School in Paris.
Gigas is a Spanish multinational of storage and information technology trading on the MAB. The company’s market capitalisation is €19 M. This year their revenues will be up 35% and profits by 126%, without considering any possible corporate deals. “People think the MAB is a secondary market, but it’s an alternative one, for companies which are expanding. In the Continuous Market, there’s hardly any company doing this in the explosive sense,” says Diego Cabezudo, CEO at Gigas.
Eurozone banks are currently keeping 690 billion euros at their central bank, according to the ECB’s last figures. While the European Commission aims to achieve by end-2018 a completed banking union, this an evidence of a more fragmented market. Are lenders suspicious of their refinancing capability in order to honour their debts? And why is Ewald Nowotny asking to cut them some slack?
While the US bank’s chief economist in pointing to systemic risks, financial bubbles and market complacency, his colleagues in Spain believe “this tale about market manipulation is not real.”
“Goodwill only appears with the acquisition of a company. Not if you just grow organically, which makes comparisons difficult. Skype paid 2.6 billion dollars for eBay and goodwill was 2.3 billion. We need to be capable of making a valuation of the intangibles in this type of company,” explains Anne Jeny, member of the Management Committee of the European Accounting Association.
“Competition is especially important for innovation and some of the big (US) companies also have a lot of power in the market…but it’s difficult to keep innovating.”
Emmanuelle Auriol, member of the board of the European Economic Association at the University of Toulouse, is well-known in France for her polemic proposals. She believes, and this is very important for France, for its identity and the social consensus we have established, “that we need to protect the workers, not the jobs. Because if we try to protect the jobs, prohibit lay-offs, what happens is that there is more unemployment in the end.”