Germany’s formula isn’t eurocrisis’ solution
MADRID | By Luis Arroyo | To really tackle the state of our economies, Brussels should admit that most countries cannot repay their debts with the current German anti-crisis plans.
eurocrisis
European insolvent banks: the Council opts for bail-in 2.0
BARCELONA | By CaixaBank research team | The Eurogroup’s agreement contains another crucial point: the possibility of the ESM injecting funds directly into intervened banks and thereby weakening the link between bank risk and sovereign risk.
Can a current account surplus become a problem in the European Union?
BARCELONA | By CaixaBank research team | Some EU countries have a current account surplus that is larger than the one allowed by the European Commission and, if not corrected, they might finally be asked to take measures to boost domestic demand.
Angela Merkel sets the pace for the re-founding of Europe
BARCELONA | By Oriol Aspachs and Joan Daniel Pina, at CaixaBank research department | To date it is the German Chancellor, Angela Merkel, who has set the pace of Europe’s construction. Without purporting to be a great leader, Germany is fulfilling this role.
How Austerity Broke European Stability
LUGANO | By Andrea Terzi, professor of Economics at Franklin College | All that is required is a political commitment that the euro is the currency of Europe and that it should be distributed in a sufficient volume to sustain overall growth and employment.
Youth unemployment needs an EU response
BRUSSELS | By Alessio Pisanò | Only the EU has the means, if the Member States stop undermining the EU budget, the structure and the social and cultural requirements to fight youth unemployment.
Spanish tourism industry: full steam ahead
BARCELONA | By CaixaBank research team | The arrival of tourists from outside Europe has been key to boosting the Spanish tourism industry. Between January 2008 and December 2012, the number of non-European visitors rose by 1.5 million, an increase of 39.3%.
It’s the communication, people!
VALENCIA | By XTB analyst Miguel Rodríguez | The word is communication, one of the saddest failures of European politicians in general, who should take note of the Federal Reserve governor Ben Bernanke’s skills.
IMF lowers pressure on Spanish banks
MADRID | By José Luis Marco, via capitalmadrid.com | The IMF in its latest paper about the banking industry in Spain admits some points could be excessive and damage the economic recovery of the country.
The trouble with German banks
By Beate Reszat | German financial institutions and their regulators have developed a high level of bad-bank sophistication. But there’s still room for unpleasant surprises.