Something common to all euro zone countries is the habitual use of tax avoidance strategies by the wealthy. Ever higher tax rates on large fortunes can now be popular among ordinary taxpayers, but could do more harm to the economy than good, believes Carlos Díaz Guell.
It will not look good for the political party in office in Madrid, analyst at Self Bank Victoria Torre told Julia Pastor, but requiring a rescue is only a matter of when. And the Spanish government wouldn’t be the only one to blame.
STRASBOURG| A message to the European Parliament from Enrique Calvet: what you wish for can harm credit card customers with higher fees. Calvet is member of the Consultative Commission on Industrial Change at the European Economic and Social Committee.
Why the German government believes it should force Spain into a national rescue like Greece, Ireland and Portugal did before is a puzzling question for Madrid. The markets are not quite sure, either.
BARCELONA | Analysts at CaixaBank welcome the European Central Bank’s decision of propping up state debt by moderating its cost in the markets. It will give the euro zone room to progress in its integration.
If Madrid is taking its time to officially sign for the inevitable rescue, it’s because someone else bought it time. Check with the European Central Bank and Berlin before blaming Spain for the delay.
National supervision and control has had its days, analysts at la Caixa claim. The survival of the European Monetary Union now depends on speeding up banking system integration. Or else.
MADRID | Whereas London has gone to battle in the Scottish independence referendum, Madrid would rather focus on the dire situation of the state finances and a looming rescue when challenged by Catalan independentists. Carlos Díaz Guell believes the Spanish government has no spare strength to spend.
Although the latest intervention from the European Central Bank may have opened a window of respite for Spain’s president Mariano Rajoy, economist Juan Pedro Marín Arrese alerts he should be wary of delaying decisions.
There is a saying in Spain about building a house from the roof down. Economist Juan Pedro Marín Arrese says that is exactly what Jose Manuel Barroso, president of the European Commission, proposes with his talk of federation. And it’s not going to work.