Markets

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Delays on EU’s Banking Union place pressure on Madrid

The set up of the Banking Union in the European Union has not only triggered the habitual complaints from the UK and Sweden. Even core euro zone looks divided. And it all adds pressure for Spain to require a national bailout.




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The City wants a braver Mario Draghi

LONDON | Something had to be done to support the euro. But some in the City still see the European Central Bank excessively scared of inflation. Past cash injections, though, have depreciated the common currency very little.



Foreign investors take possession of Spain’s stock market

Foreign ownership of Spanish stocks in the last 13 years has reached 40 percent of total market value, according to data from BME, the company operator of Spain’s financial markets. But domestic investors’ purchases are higher than European average.