Articles by Ana Fuentes

About the Author

Ana Fuentes
Ana Fuentes is The Corner Editor-in-Chief. Currently based in Madrid, she has been a correspondent in New York, Beijing and Paris for several international media outlets such as Prisa Radio, Radio Netherlands or CNN en español. Ana holds a degree in Journalism from the Complutense University in Madrid and the Sorbonne University in Paris, and a Masters in Journalism from Spanish newspaper El País. You can contact her at: anaf[at]thecorner.eu
european-dominos

“If debt grows, it means that the world economy is still expanding”

How do we overcome a debt crisis with more debt? Bocconi University’s Marcello Minenna recalls that in a world with inflation it is always possible to control the behaviour of the debt/GDP ratio just by reaching negative real interest rates. Also, he points out that eight years after the financial meltdown the tight interconnections in real time between the global markets make the system intrinsically unstable.


central bank1

“Deflation Remains More of a Threat to Growth Than Low Interest Rates”

Are we putting the responsilibity of exiting the crisis on central banks’ shoulders? Is ECB’s president Mario Draghi doing traders a favour by playing down the ECB’s responsibility for contributing to volatility? Professor of Financial Mathematics at Bocconi’s University Marcello Minenna answers to these questions from Milan and argues that a low interest rate environment is here to stay.



Lagarde on Grexit

How hawkish really is the IMF on Greece?

MADRID | May 29, 2015 | By Ana FuentesGerman bund futures spiked higher on Friday after traders cited comments by IMF’s Christine Lagarde to the Frankfurter Allgemeine Zeitung that a Greek exit from the euro zone was a possibility. As Ms Lagarde’s words heated the debate worldwide, the IMF insisted the German paper mistranslated her as too hawkish on Grexit. The print version of the interview published today is slightly different (see screenshots above).



John Holland

John Holland: “Stress tests for asset managers? Of course!”

MADRID | May 13, 2015 | By Ana FuentesProfessor at the Adam Smith Business School at Glasgow University, John Holland says financial institutions have become too complex for the general public and there is a crisis of confidence in banking and financial capitalism. He insists Basel III is not sufficient to regulate the banks and supports proposals to split up the different banking activities. This is the first part of our conversation.



No Picture

Financial risks ballooning in the shadow

MADRID | April 21, 2015 | By Ana Fuentes | Seven years after financial meltdown, great concerns about sistemic risk remain. “We haven’t learned, bad practices are still there,” IOSCO’s David Wright recently told us.  Structural changes in the banking system along with a prolonged period of negative interest rates have prompted to new dangers. Central banks are helping via QE programs, although “you can have monetary liquidity and yet have an insufficiency of market liquidity,” which refers to the depth of financial markets, IMF Financial Counsellor José Viñals points out.


Klaus Zimmermann

“Austerity is not a growth strategy, neither is demand stimulus”

MADRID | April 19, 2015 | By Ana Fuentes | Germany’s Institute for the Study of Labor Chairman Klaus Zimmermann finds the debate between EU ‘austerians’ and ‘stimulus fans’ too shallow. In his view, spending cuts for their own sake were never the German style. In a conversation with The Corner, he explains that the effects of the minimum wage introduction in his country cannot be measured yet and why he thinks the German corporate governance model helped cushion the crisis’ labor market impact.


Christine Lagarde and Yanis Varoufakis

IMF squeezes Greece while pocketing the profits: €2.5 billion since 2010

MADRID | April 10, 2015 | By Ana Fuentes | Investors breathed a sigh of relief on Thursday when Greece met its IMF loan commitment of €460 million euro ($485 million). Markets are predicting that Athens and its creditors will reach an agreement, which would put an end to the standoff which has developed since the Syriza government was elected earlier this year. Still, creditors are using the leverage provided by the country’s current cash shortage to force Athens to make major reforms. Meanwhile they are pocketing huge interest from the outstanding loans.