The Spanish banks’ correction in February was 5.2 percentage points higher than the average in the eurozone.
Contagion has been bucked in the eurozone, in spite of the instability markets forecast over Italian politics.
LONDON | The choices look grim for a Chancellor who must reduce the state’s debts and wants to be re-elected.
MADRID | By Javier Flores, analyst at Asinver | The question, of course, is how long it will take for the curve to head downwards. No expansion lasts for ever.
LONDON | If more than 99% of all European businesses are, in fact, small businesses that shape the true back-bone of the European economy, European governments are clearly missing the chance to generate at least a few millions of new jobs.
MADRID | By J.L.M. Campuzano | Fitch’s decision to downgrade Italian debt from A – to BBB + last Friday didn’t come as a big surprise. Nor did the negative outlook. However, it does pose a warning about the fundamental problems of this country and of the rest of the eurozone, where authorities and investors are currently showing a disturbing complacency/conviction in a better future.
BARCELONA | CNA | 1,300 biomedical companies will participate in the event, with more than 2,000 delegates and executives. 60 out of the 100 Spanish companies attending are from Catalonia.
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.