WASHINGTON | The problem wasn’t just the forced flexibility implied in the S&P models to rate AAA what should had never been awarded top quality grades. The supervisory models themselves were incorrect, to start with.
GENEVA | France fell four places from third in 2011 to seventh, while Spain climbed to fourth from eighth.
Argentina has so far led investors to believe that it is ready to default if necessary to avoid the New York court’s ruling. That reaction, although less than surprising, would worsen further its lack of credibility.
Roderick Parkes| If the free trade agreement between the US and Europe remains so appealing, it’s because nobody has actually shown that the EU could flourish without it.
By David Pérez | Four Spanish companies lead the European production of graphene. The growth potential of a market that today is valued at some $9 million is extraordinary.
MADRID | By Tania Suárez | Financial agent at GVC Gaesco, Gonzalo de Orovio spoke to thecorner.eu about central banks and why a strong euro may damage some economies in the eurozone but sends a good vibe to the markets.
By Ernst Stetter, secretary general at Feps | After the decision of the financial transaction tax and now the cap of the bonuses we are a step closer to the matter that the financial markets have to serve the people and not that the people should serve the markets.
MADRID | Peter Garnry, analyst at Saxo Bank: “The true irony of this story is that these political voids, as now in Italy, have often generated periods of economic calm and even growth.”
By CaixaBank analysts | China exceeds expectations with 7.9% growth in GDP year-on-year in the fourth quarter of 2012. Indicators confirm that Chinese exports picked up again in December.
They didn’t even wait 24 hours. Right after the first doubts on the Italian election results arose, Wall Street’s favorite media started claiming that the euro drama was back and austerity does not win votes.