Markets


“Merkel will probably stick to austerity again after the elections”

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.



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Investors appetite for Spanish economy: will it last?

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?




Do the markets smell German blood?

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.”


Financial markets: a shrinking pie

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 outputThe past, in terms of depth and worldwide markets liquidity before the crisis, is long gone and will not come back.


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Taking the Shine off Gold

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.