LONDON | By Victor Jimenez | The strongest rejection against the Review came from within the City, from the £162.8-billion investment fund manager Fidelity, which said that “up front austerity has proved largely counter-productive.”
MADRID | By Julia Pastor |Portugal and Slovenia’s debt comes back to the dangerous rate of 7%, while S&P’s responsible for EMEA defends that there is no immediate threat to peripheral countries’s debt since some of them have been able to pre-fund its needs.
MADRID | By JP Marín Arrese | As we move into troubled waters following the FED intention to taper off its massive asset buying scheme, the ECB is bound to take bold steps to protect both the European economies and the common currency. Otherwise we may run into severe turbulences in the coming months.
GLASGOW | By Lewis Miller | The Eurozone needs to correct the problems such as the lack of Eurobonds and plan an effective way to correct future asymmetric shocks.
LONDON | By Victor Jimenez | The British Parliament seeks to reorganise management at UK banks so it’s possible to point at specific staff and board members and try them in court.
BARCELONA | CaixaBank research | The German proposal for an alternative Banking Union are destined to fail: mere cooperation between national authorities would not guarantee that decisions are taken in the interest of Europe’s financial system as a whole.
VALENCIA | Spanish entrepreneur Miguel Pallardó praises Germany’s economic model in this op-ed for Valencia Plaza. He believes Berlin, with its free-market, easy hiring policies, betting on export and investment (and not public spending), reducing public debt and training workers is doing more for the common good than peripheral countries, which he finds too interventionist.
BARCELONA | By CaixaBank’s chief economist Jordi Gual | For an economy such as Spain’s that needs sustained flows of international capital, a crucial element will be its capacity to attract new international investment with a medium and long-term view.
By Berthold Huber, chairman of the German trade union IG Metall | When a significant percentage of the young generation continues to be excluded, youth employment undermines the very foundations of the European welfare state.
MADRID | By Jorge Chamizo | capitalmadrid.com | The Spanish economy is in a better position to exit the crisis than it ever was 18 years ago. Capita income currently doubles that of 1995 and contributions to the social security system is much higher, too.