The Spanish banks under single European supervision
Over 80 percent of all Spanish deposit banking institutions–six of them systemic–will be inspected by the European Central Bank from 2014.
Spain
Spain’s public deficit deviation covered
Total gross issuance had to reach €199.5 billion, but the government had placed €200.9 billion of sovereign debt as of Wednesday.
Spain’s foreign sector brings good news
BARCELONA | By CaixaBank | Exports to countries outside the euro area rise by 14.5% year-on-year. Spain’s net debt position with the rest of the world falls to 93.7% of GDP.
Switzerland, Spain top investing recommendations of Morgan Stanley
Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members.”
“Germany fears Italy, France would relax budget cuts if ECB intervenes markets”
MADRID | By Fernando Barciela | An interview with Afi CEO Ángel Bergés: “The International Monetary Fund estimates that the Spanish premium risk is up to 200 basis points higher than it should be merely due to euro zone problems.”
Details published on the Spanish «bad bank» Sareb
By CaixaBank | To restore the flow of credit to the real economy in Spain, it’s crucial for the bank restructuring process to be successfully completed over the coming months.
Ibex 35 prices could increase by 15pc if sovereign spreads falls under 300bp
A sovereign spread lower than 300 basis points could have a positive impact of Ibex share prices going up by 12 percent to 15 percent, Afi experts said.
Spain’s banking industry is no loser
MADRID | As 3 out of 4 entities will be sold to solvent banks, buyers will get a real bargain in the ensuing merger process. But then, Bankia is still here.
After IMF’s verdict, what’s next for Spanish banks
The IMF gave a pat on Spain’s back on Wednesday. Although recovery is not at full speed, the country has made “important progress” in reforming the financial sector and will come out of recession in 2014 with a 1 per cent growth.
Spain’s real estate sector: details matter
By CaixaBank research department | The adjustment taking place in real estate supply and demand is not trivial, particularly in such a heterogeneous and fragmented market as housing that is also subject to significant regulatory changes. However, a detailed analysis reveals that the sector’s adjustment is now closer to the end.