Are we heading for a new Spanish banking rescue?
MADRID | By JP Marín Arrese | A extension of the Spanish banking rescue can backfire hitting credit institutions and inflicting damage on the economy as a whole.
Articles by JP Marin Arrese
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JP Marin Arrese
JP Marin Arrese
The ECB keeps its course unchanged
MADRID | By JP Marín Arrese | The ECB has made crystal clear it has no intention to undertake any extra effort in helping the economy to overcome its current recession. Its message utterly fails to provide confidence.
The Troika’s concern for the Spanish financial system
MADRID | By JP Marín Arrese | Lacking enough resources to shore up potential contingencies, Spanish banks might be forced to ask for further assistance under the rescue umbrella.
Brussels fiscal advices miss the target
MADRID | By JP Marín Arrese | So long Germany maintains a staunchly depressed environment, Brussels fiscal advices with no plan to boost employment and growth will soon run out of steam.
The Banking Union can work at no cost
MADRID | By JP Marín Arrese | Unless financial solidarity is well entrenched, the Banking Union’s effectiveness ranks close to zero.
Spanish banking rescue II
MADRID | By JP Marín Arrese | Rumours openly point to a further rescue package to save the day. It may take months to come but many are taking for granted that a fresh call for help might be launched at the end of the year, once the new German government takes over.
Tax haven crackdown won’t go far
MADRID | By JP Marín Arrese | So long fiscal havens apply close to zero taxation, companies engaged in cross-border business will continue to profit from these favourable arrangements.
Waiting for Merkel
MADRID | By JP Marín Arrese | Those longing for a growth strategy to invigorate their ailing economies delude themselves in thinking that Ms Merkel might prove to be more tractable once she is re-elected.
Austerity falls into disgrace
MADRID | The prospect France, not to mention Italy or Spain, will flatly fail to meet their targets stands as a more plausible explanation of the realisation that austerity alone will not work.
Is austerity to blame?
MADRID | Cuts and tax rises cannot be considered by all means as negligible. Bur their real impact on disposable incomes does amount to a rather modest share, on average.