interviews

Álvaro Nadal

Spain Economic Office Chief: “If we wanted the euro, we needed to have more flexibility”

BRUSSELS | July 3, 2015 | By Jacobo de Regoyos | The Greek crisis has sparked an intense debate about the future of the European Union. Spain recently handed Brussels a proposal on a eurozone-level budget for emergency rescues, and the need of issuing eurobonds. Head of Spain’s Economic Office Head Álvaro Nadal spoke to The Corner about competitiveness and solidarity between members. This is the second part of an interview.



Carlos Fernández

“Listed companies provide a lot of useless information which only confuses investors”

MADRID | June 22, 2015 | By Fernando Barciela | Member of the board at Spanish stock market operator BME since 2014, Carlos Fernández is the current ombudsman of the Madrid Stock Exchange. In the first part of this interview he spoke to The Corner about conflicts of interest in the auditing world –”Somehow regulators are the ones who should be regulated,”– and the excess of complex information that investors face.


John Holland

John Holland: “Stress tests for asset managers? Of course!”

MADRID | May 13, 2015 | By Ana FuentesProfessor at the Adam Smith Business School at Glasgow University, John Holland says financial institutions have become too complex for the general public and there is a crisis of confidence in banking and financial capitalism. He insists Basel III is not sufficient to regulate the banks and supports proposals to split up the different banking activities. This is the first part of our conversation.


Klaus Zimmermann

“Austerity is not a growth strategy, neither is demand stimulus”

MADRID | April 19, 2015 | By Ana Fuentes | Germany’s Institute for the Study of Labor Chairman Klaus Zimmermann finds the debate between EU ‘austerians’ and ‘stimulus fans’ too shallow. In his view, spending cuts for their own sake were never the German style. In a conversation with The Corner, he explains that the effects of the minimum wage introduction in his country cannot be measured yet and why he thinks the German corporate governance model helped cushion the crisis’ labor market impact.


IturbeTCbaja

“The City and Wall Street dished out an unreasonable level of punishment to the euro”

MADRID | April 1, 2015 | By Fernando Barciela | The Corner caught up with Luis Iturbe, a board member with Spanish insurance giant, Mapfre. He emphasises the improving health of the Spanish banking sector, but says that the capital increases by lenders, notably Santander, have prevented the Spanish stock market to reach the same revaluations as its peers. He also states that markets in London and New York dished out an unreasonable level of punishment to the euro and Greece.




bini

“The ECB can implement quantitative easing in a much more aggressive way”

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.