BARCELONA | By CaixaBank | Exports to countries outside the euro area rise by 14.5% year-on-year. Spain’s net debt position with the rest of the world falls to 93.7% of GDP.
Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members.”
By CaixaBank | To restore the flow of credit to the real economy in Spain, it’s crucial for the bank restructuring process to be successfully completed over the coming months.
A sovereign spread lower than 300 basis points could have a positive impact of Ibex share prices going up by 12 percent to 15 percent, Afi experts said.
MADRID | As 3 out of 4 entities will be sold to solvent banks, buyers will get a real bargain in the ensuing merger process. But then, Bankia is still here.
In the euro zone, cash in circulation, and short-term and long-term bank deposits, money market funds grew at a year on year rate of 4 percent in October.
Institutional investors may be getting their hands in higher-yield sovereign bonds to increase their results, but there are some financial reports of improving macroeconomics for the euro zone.
A less leveraged banking sector has helped Canada to find its way towards economic recovery. But the more aggressive monetary policies of its central bank also explain the success in dealing with the current crisis.
MADRID | An interview by Tania Suárez | The Greek labyrinth does have an exit, but creditors must acknowledge there are losses to bear. After all, says Hanseatic Brokerhouse’s director Gabriel Montalto, a so-called Grexit would force Germany to assume up to 80 percent of losses.
The Eurogroup recalls that a full staff-level agreement has been reached between Greece and the Troika on updated conditionality programme and that, according to the Troika, Greece has implemented all agreed prior actions.