Prime Minister Pedro Sánchez will finally receive the President of the United States, Joe Biden, this Tuesday at the Moncloa Palace. This will be with a view to staging what the Executive has endeavoured to ensure is a solid bilateral relationship after the failed meeting a year ago that ended in a brief chat lasting barely 30 seconds. The US president is travelling to Madrid for the NATO summit, an…
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The ECB confirms that it will remain present in the primary via re-investments. Also that the ESG strategy of the CSPP will arrive by the end of the year. In an explanatory note, the ECB confirms one of the doubts that continued to circulate among investors with the end of the CSPP’s net purchases (today): what its role would be after taking on a leading role in the primary market…
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José Ramón Díez (Caixabank Research) | The global economic scenario continues to face the effects of a triple shock on global supply (bottlenecks, war and zero-COVID policy) which is keeping commodity prices strained, continues to erode confidence among economic agents and has sent alarm bells ringing in the financial markets, with increased volatility and sharp price corrections. In spite of all the above and the scarcity of information published for…
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Lidia Conde (Francfort) | explains Marcel Fratzscher, president of the DIW (Berlin Institute for Economic Research) who headed the ECB’s International Economic Policy Analysis Department in 2008-2013. In an interview to be published in this month’s issue of Consejeros magazine, Fratzscher explains that “The ECB is habdicapped because it cannot tacle the problem by raising rates, neither this year nor the next”, which is why “I am not in favour…
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Lidia Conde | Sebastian Dullien is Director of the IMK Düsseldorf. Q: Germans have spent 200 billion euros less since the beginning of the epidemic. Will all this money flow into consumption? A: Not all of it, but a considerable part will be spent. Studies conducted by our institute show that Germans are not only planning to buy new consumer durables such as cars, furniture or houses, but also to…
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