WASHINGTON | March 2, 2015 | By Pablo Pardo | Neil Irwin believes central bankers are the real heroes of the economic crisis that continues to bog down the eurozone. In his book ‘The alchemists’, the New York Times senior correspondent paints Ben Bernanke as a hero and ECB’s Jean-Claude Trichet, as one of the greatest villains.
MADRID | January 5, 2015 | By Ana Fuentes | Dissensions at the ECB’s the Governing Council are well-known, and still have a long way to go. While some counselors require a truly expansive monetary policy which helps curbing the deflationary expectations, others deny these latter and therefore refuse to go further and define balance sheet expansion targets. Lorenzo Bini Smaghi, who was Member of the Executive Board of the European Central Bank from June 2005 to November 2011, is among those who believe that the ECB can take much stronger action.
STOCKHOLM | By Wang Liwei via Caixin | 2014 Nobel Prize in economics Jean Tirole has been working on ways to tame powerful companies and tailor government regulations to different industries since the 80s. He speaks to Caixin about market regulation, eurozone banks and their sovereign.
MADRID | By Fernando Barciela| In the EU of 28 each telecom market is different. That is one of the reasons explaining why it is very difficult for Europe to reach a reduced market of just three operators like the US, as Luis Solana said. Another challenge for the sector in the region is to push technologies up to avoid it becomes a simple ‘utility’. At the moment, Telefonica tries to help the industry gathering new ideas for startups in all the company’s territory- Spain, UK, Germany, LatAm and so on- via its entrepreunership device Wayra.
MADRID | By Fernando Barciela | As the election day approaches, we bring you a series of special interviews focused on economic perspectives for the EU citizens and companies. Today we focus on the telecom sector, which is experiencing a deep transformation in the continent. Former chairman of Spanish Telefonica Luis Solana, currently responsible for the company’s entrepreneurship activities, comments on the main challenges ahead, as well as the need of surveillancance over the EU banking and energy sectors, and the inevitable downsizing of the welfare state in the region. Nonetheless, he was a socialist elected MP in Spain for five years during the transition period.
FRANKFURT | By Lidia Conde | Co-manager at Europe’s leading travel group TUI Oliver Dörschuck considers that “Spain is by far the most important tourist destination for TUI and its clients.” However, for him what matters most today is not the destination, but the hotel, which has to bring the best experience to the client.
BRUSSELS | By Jacobo de Regoyos | The consortium responsible for the Panama Canal expansion, led by Spanish company Sacyr, and the Panama Canal Authority (PCA) agreed on negotiating a new framework until next February 1 in order to achieve a definitive solution to the economic problems of the project and ensure its conclusion. EC Industry Commissioner and Vice-President is doing everything he can to make both parties come to terms. Although everyone is avoiding the word “mediation” not to interfere with the arbitration process set by contract, Antonio Tajani does want to mediate. However, at the time of this interview with The Corner he has not met with any person in charge of the Latin American country yet. The enthusiasm he showed offering his help has not been corresponded across the Atlantic so far.
MADRID | By Fernando Barciela | Alvaro Cuervo is director at CUNEF University and board member of BME and ACS: “In the US, everybody understood that the housing sector had fallen, but in Spain there is the belief that the economic cycle will turn the page by itself.”