Articles by Luis Marti

About the Author

Luis Marti
Luis Martí is Commercial Technician and State Economist. He was executive director at the International Monetary Fund and World Bank appointed by Spain, and deputy president of the European Investment Bank.
Mexico's automotive potential

Mexico: the potential of its automotive powerhouse

Mexico is an automotive powerhouse in its own right: it is fourth in the rankings of automobile exporters, coming immediately after the top three players, Germany, Japan and the US.  And there are important indirect public advantages which an automotive manufacturere can benefit from if it decides to set up operations there.


IMF' sreport on Mexican Economy

Mexican Economy: Problems In The Neighbourhood

The IMF’s last report on Mexican Economy praises the quality of the general framework of its economic policy and its execution, encourages maintaining the principles of fiscal consolidation with the aim of keeping debt under control – the federal budget normally closes in the red – and reiterates the importance of transforming PEMEX into a profitable organisation.


Greece debt

“What Is Clear Is That Greece Cannot Pay Its Debt And Will Never Pay It”

“What is clear is that Greece cannot pay its debt and will never pay it. There needs to be an acquittance. And European legislation does not allow for waivering of debt. What they are going to do now, and it should have been done seven years ago, is to modify the conditions in such a way that the debt will be practically waivered,” says Spanish economist Fernando Eguidazu, as he leaves his Foreign Office post of Secretary of State for the European Union.


Germany's trade surplus

Germany and its burgeoning trade surplus

Germany’s enormous trade surplus is causing resentment throughout the rest of Europe, which accounts for a little over half of the annual surplus of more than €263.1 billion. Brussels and the IMF believe there is room to raise salaries and, above all, for a substantial increase in public investment.


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Spain Government As Seen from Germany

Within the German government and amongst the (serious) media there is a fair amount of comprehension towards the PP government. This is in part, I suppose, because some party members have taken advantage of official contacts to explain the reforms undertaken (particularly the labour reform) and how they identify with the demands of a tough adjustment programme. Furthermore, they have no doubt offered support for German proposals within the EU or the Eurogroup


look-an-helicopter

The Last Thing Europe Needs Is Helicopter Money

Milton Friedman once wrote (1969) something like a short story about money creation. A helicopter drops banknotes amongst the population: a few lines in an article on how ‘to create’ inflation when the economic policy measures are thought to be exhausted.



grosse-koalition

Techniques For A Grand Coalition

Germany has a very broad history in government coalitions. So is there anything in its formula that makes it exportable to other parts of the world, including Spain? Whatever happens in Germany in the coming months, there are a couple of points worth taking into account.


angola

The Bottom Billion And The Voice Of A Nobel Prize

“The need to impose good governance comes to the forefront among providers of development aid. But no one knows well how to get it.” The quote from Collier’s book only has as its objective to remind us that humanity continues without overcoming the “trap” of underdevelopment,  and therefore without resolving the problem of poverty in the world.

 

 


PoliticalUnionTC

Distant Horizons For European Political Union

France’s proposal to move forward with eurozone fiscal and political integration, with a single government for the area, one budget…is still at at a very early stage. As German experts point out, the reality is that none of the 19 parliaments involved are currently considering giving up any more sovereignity.