Fernando Fernández is a member of the board at Bankia and Red Eléctrica. Apart from the challenges presented by the macroeconomic environment and the technology revolution, he believes that Spain’s banks have to establish a new kind of relationship with their clients and consolidate the sector’s new size.
Mari Pinardo / Raúl Poza | The global context of trade suffers a slowdown but that’s not in all countries and Spain is an exception. Chris Papageorgiou, who is Deputy Unit Chief at International Monetary Fund, recently pointed to The Corner that “probably this expansion is not more things being exported, is less things but more expensive.”
Roberto Tamborini, author, Professor of Economy at Trento University says The Corner at this interview that “we can only start on the road towards a satisfactory recovery with fiscal and monetary coordination in the eurozone, and this fiscal stimulus can only be coordinated via Brussels. This directly calls into question the eurozone’s economic governance, one of the pillars of which is the Maastrich principle of exclusive national responsability.”
Ana Fuentes | “Spaniards tend to be schizophrenic because they all want the best services, like they have in the Nordic countries, free education…and you can only have this by paying much higher taxes than we do in Spain where there is a huge amount of fraud and tax evasion,” says William Chislett, associate researcher at the Elcano Royal Institute and former correspondent for The Times and the Financial Times.
After straightening out the disputes with the Panamanian authorities over the costs related to the Canal works, Sacyr will finally inaugurate it in June. Board member Juan Maria Aguirre points out that the company has succeeded in overcoming the property crash and has drastically reduced its debt levels. Now it has to contend with the unexpected consequences of having an 8.5% stake in Repsol after the oil price bubble burst.
Fernando Rodríguez | Peter Walton, Emeritus Professor at the Open University Business School thinks that “regulations which were drawn up for Deutsche Bank cannot work for a small company that manages three supermarkets in Birmingham”. The solution would be to divide the market up.
For the last four years, Jose Juan Ruiz has been chief economist at the Inter-American Development Bank (IDB), the largest multilateral development aid agency in the region, surpassing the World Bank. Despite the fact LatAm has suffered a massive shock, one of the biggest differences this time round compared to previous slowdowns is that the region has $600 billion of international reserves.
After the 2006 publication of his book “The Crash is Coming,” economist Max Otte became famous. In 2011 he launched another best seller, “Stop the Euro Disaster!,” which signalled the exit of Greece from the euro area and recommended that Spain return to the peseta. Otte has always argued that the euro has not united Europe.
W. Shuo, Z. Jiwei and H. Kan | Recently Governor Zhou Xiaochuan had an interview with Caixin and talked about the yuan exchange rate regime…
Luis Martín via TrumanFactor | Saskia Sassen is Robert S. Lynd Professor of Sociology at Columbia University and a member of the Committee of Global Thought of that institution. She is also Centennial visiting professor at the London School of Economics and Political Science. Professor Sassen was awarded the Prince of Asturias Award for Social Sciences in 2013 for her contributions to the phenomenon of globalization and urban sociology.