VALENCIA | Sasha Evers, director general of Bank New York Mellon in Spain and Portugal, says in an interview with Luis A. Torralba for valenciaplaza.com that lower interest rates of bank deposits will push investors again to funds.
MADRID | Germany wouldn’t be the first country to admit that too much austerity is killing growth. President Hollande did it in France, and Enrico Letta just did in Italy, following concerns voiced by leading members of the IMF and the EU Commission. Ana Rafels, independent financial advisor, doubts Chancellor Merkel will U-turn, though.
By George Dorgan, financial consultant at SFC | Instead of complaining against the European Central Bank, peripheral countries of the eurozone should pay more attention at how Germany has succeed.
MADRID | By David Fernández | Foreign investors are showing a sudden interest in assets made in Spain due to, among others, central bank’s last data, Europe’s decision to delay the deficit commitment by two years and international factors such as second-round monetary helicopter launched by the Bank of Japan. Will this trend vanish?
WASHINGTON | This is one more crazy misrepresentation of the Spanish situation by international media.
LONDON | In 2011, 60 million new interbank cards were issued and 7.9 billion transactions recorded: one in every two payments happened in France and the UK, where banks would be the most affected by new interchange fees regulations.
LONDON | Egan-Jones also blamed Chancellor Angela Merkel for her resistance against “European Union bonds and money printing” while “pushing for fiscal controls and the seniority of bailout funding.”
MADRID | By J. M. Campuzano, analyst at Citigroup | During the crisis that began in 2007, capital markets’ weight has been cut to 350% from 450% of the world’s economic output. The past, in terms of depth and worldwide markets liquidity before the crisis, is long gone and will not come back.
BEIJING | By Wang Yuqian and Yang Lu (Caixin Magazine) | What caused the precipitous decline in the price of the precious metal? And how do analysts in China see it? Three experts come up with different explanations, from investor panic triggered by the European debt crisis to, more bizarrely, a conspiracy theory that the U.S. government orchestrated the collapse.
MADRID | By Santiago Carbó and Francisco Rodríguez (Funcas) | Spanish mortgage market being so highly securitized, any changes affecting its evolution is of vital importance for international investors.