WORLD BANK

“All financial crises remain relevant today”

Aristóbulo de Juan | Bankers are administrators of other people’s money, and they are responsible both to their depositors and to other stakeholders. Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them. This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud.


Investment of foreign companies in Spain

Foreign Firms See Improved Prospects In Spain

A recent report published jointly by ICEX-Invest in Spain, Multinationals for Spain Brand and the International Center for Competitiveness said foreign companies’ evaluation of the business climate in 2017 has seen a further improvement compared to a year ago.



china-asia

China-Based Bank Shows Asia is Rising

By Jarno Lang | On June 29, under the leadership of China, 50 founding members signed contracts to create the Asian Infrastructure Investment Bank (AIIB), with its main hub in Shanghai.


Spain climbs 20 positions in Doing Business ranking

MADRID | The Corner | The Spanish economy is now placed  number 33 among the World Bank’s 2015 Doing Business ranking, improving on last year´s placement of 52. The results of the report show that Spain now offers greater facilities for entrepreneurs. Spain has improved in four of the ten regulation areas that value the ease of doing business, and has improved from 72.24 points to 73.17,  closer to the 100 total, which measures best global practices regarding business regulation.


No Picture

Spain More Business-Friendly Than in 2012

WASHINGTON | The Corner Team | Thanks to the implemented reforms between June 2012 and June 2013, Spain has become more business-friendly, according to a report by the International Finance Corporation (IFC) and the World Bank. Among others, the country eliminated the requirement to obtain a municipal license before starting operations.

 



Alan Meltzer has a solution for the euro

WASHINGTON | “Capitalism without failure is like religion without sin, it does not work,” had already said Allan Meltzer in 1969. Pittsburgh's Carnegie-Mellon University teacher and…