Risk immunity leads to banking abuse
MADRID | Any economy, save for a Soviet one, is run under the healthy guiding rule that smart decisions are rewarded and wretched ones get penalised by the market.
MADRID | Any economy, save for a Soviet one, is run under the healthy guiding rule that smart decisions are rewarded and wretched ones get penalised by the market.
BRUSSELS | By Alessio Pisanò | UK Chancellor George Osborne said limits on bankers bonuses will make it more difficult to ensure that the banks and the bankers pay when there are mistakes. Nevertheless, no one else in the EU stood by him.
During the rest of the year, the Ibex should improve its performance against the SMC, according to BNP Paribas broker.
MADRID | Juan Enrique Cadinanos, at Hanseatic Brokerhouse, thinks US equity markets are too expensive for a slowed down economy under the burden of a huge state debt.
MADRID | The eurozone is trapped in internal conflicts that prevent the European Central Bank to compensate, as it should, the fluctuations of money demand.
NICOSIA | By Aristos Mihailides | After the failure of the EU’s €10bn Cyprus rescue plan, the German Minister of Finance has questioned the island’s low tax regime. However, a well known journalist argues that following the 1974 Turkish invasion, Nicosia had no option but to offer tax breaks.
By 2017 the two largest Cypriot banks–Bank of Cyprus and Cyprus Popular–face debt repayments of €11 billion or 86 percent of the whole economy’s output.
MADRID| By Luis Martí | Lower ratings undermine market confidence, and weak market conditions are displayed as a major cause of your own lack of confidence. Looping the loop. No wonder investors rely less and less on ratings agencies.
MADRID | By Tania Suárez | Analyst at Hanseatic Brokerhouse, Juan Enrique Cadiñanos believes the US economy’s expansive cycle will not affect the Eurozone because “Europe does not work as a group.”
MADRID | Was it necessary to impose such a hard medicine for a bail-out amounting to roughly €10 billion? The only plausible answer lies in the forthcoming German general elections bound to banish all common sense for future months.