Articles by Julia Pastor

About the Author

Julia Pastor
Julia Pastor has a broadly experience in business writing for Consejeros Media Group at Consejeros, Consenso del Mercado and The Corner. Previously, she worked for the financial news agency GBA and contributed to El País Business. She holds a Master in Financial Journalism and a degree in English from the Complutense University in Madrid.


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If Spain will lead the Eurozone in 2015 and 2016, what happened to the Spailout?

MADRID | The Corner | In spite of, or maybe, thanks to the so-called Spailout (2012), Spain is today one of Europe’s driving forces. The International Monetary Fund’s estimates on global economy point to the country as the outperformer of the Eurozone for the first time in six years. Its GDP would grow by 2% this year and 1.8% in 2016.


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Where did all the money go in Greece?

ATHENS | By Yiannis Mouzakis via Macropolis | The total amount of loans the eurozone and the International Monetary Fund supplied to Greece between May 2010 and the most recent disbursements last summer stand at 226.7 billion euros. This is equivalent to almost 125 percent of Greece’s economic activity in 2014. There seems to be a general misconception that feeds a misleading narrative in which the loans were used to keep the Greek state afloat, maintain its basic operations and pay salaries of doctors, teachers and policemen.


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Japan: An Economy in Need of a Crisis?

Japan’s descent into recession has prompted questions of what the country must do to right itself — and many agree that “Abenomics” will not be enough. Most Japan watchers and economists, and even Abe himself, say that to restore sustainable growth, Japan needs sweeping deregulation and structural reforms. But pushing through such changes is proving daunting, despite Abe’s pledges to “drill deep into the bedrock” of Japan’s vested interests.


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2015 Outlook: The year of Equities, the US and Spain

MADRID | By Julia Pastor | The designs of the markets are unfathomable. Mario Draghi might forget the QE idea and the British housing sector might collapse. These are some of the Saxo Bank’s ludicrous forecasts for 2015. A year ago they claimed there would be a default in the Russian debt and the collapse of the oil price, and they were right. Nonetheless, most of the experts that talked to The Corner agree on a scenario for 2015 led by the ECB’s quantitative easing, the oil price reduction and low interest rates.


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ECB’s ABS: not much junk to buy

MADRID | By Julia Pastor | While the idea is spreading that the ECB can become the European “bad bank” if it finally buys securities from Greece and Cyprus, our readers should note that the ABS market is too small in some EU countries such as Spain. Also, many issuers do not even have a credit rating and those who have it would not obtain more than a BBB-. The reality is that there is not much “junk” to buy.



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ECB buying sovereign bonds: why it doesn’t make sense for Spain

MADRID | By Julia Pastor | Mario Draghi has been saying he doesn’t rule out a sovereing debt QE: he reminded it at Jackson Hole, then at the European Parliament and in a euro summit in Lithuania on Thursday.  Markets are discounting those eventual state debt’s purchases. But do they make sense? Although the eurozone does not have a liquidity problem, analysts remind that the US didn’t either, and yet half of the QE3 went into govies.


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Spain will grow in 2014… hampered by Europe’s stagnation

MADRID | By Julia Pastor | It is likely that the Spanish government will revise  its growth forecasts upwards for the country in 2014, but only by one tenth of a percentage point-to 1.3%. This is  likely to be the submission that the Ministry of Economy together with the Ministry of Finance will give to the next Council of Ministers.