Articles by Alexandre Mato

About the Author

Alexandre Mato
Alexandre Mato covers European affairs from Brussels. Former Editor in-chief of Cierre de Mercados, he was the first ever editor on Spanish TV appointed under the age of 30. He has a degree in Journalism and a postgraduate in International Relations, both from Universidad Complutense de Madrid.
Spain´s public deficit in 2017 was the highest in the EU

Spain Is No Longer A Problem For Europe: There Are Other Fronts Open

The euro’s fourth biggest economy will not be the protagonist in long economic debates in 2017.  Spain’s deficit and its domestic politics are no longer a concern for Brussels, now focused on the Brexit negotiations and worried about the complicated elections cycle in various countries.

European construction

The EU Still Has No Fiscal Backstop For Banking Crises

Within the EU it is being discussed how to set up a fiscal backstop, a barrier of public money to be used in times of crisis, not just to help out a bank. One option being considered in Brussels is turning The European Stability Mechanism (ESM) into a kind of management tool for a crisis.

guindi juncki

Euroscepticism, Past Austerity Allow Spain To Avoid EC Fine

The European Commission (EC) opted against imposing fines on Spain and Portugal for their non-compliance with 2015 deficit targets. So Brussels did not implement the penalties equivalent to 0.2 percent of gross domestic product included in the Stability and Growth Pact for failure to comply with budget rigour. The fines would have amounted to about 2 billion euros for Spain and around €350 million for Portugal.

Juncker investment plan in Spain

“The EU has to make itself attractive” in the wake of Brexit

“The EU has to make itself attractive” in the wake of Brexit. Brussels is trying to force London to accelerate its departure process “as soon as possible, despite how painful that may be,” according to European Commission President Jean Claude Junker. During the European Summit on Tuesday, the the scenario for the new EU with 27 Member States will be presented.


Greek banks will not need full amount of EU bailout

Athens may need no further than €10 billion to recapitalise its main financial institutions. These are the funds in the Hellenic Financial Stability Fund to cover the sector’s requirements. Looks like in Brussels there is a broader consensus that the figures revealed by the ECB are “encouraging”.

The Fed balance sheet and repo facility cannot explain the stock market’s movement in isolation

Securitization Is Back! EU Launches Capital Markets Union

The European Commission is trying to create a single market for capital across the continent to increase and diversify the funding sources for Europe’s business and long-term projects. In the EU, mid-sized companies received five times less money from capital markets than in the U.S.


The secret room of the TTIP

BRUSSELS | In an attempt to win the public opinion battle, the European Commission has established an alternative judicial system to deal with cases between private investors and states. The previous investor-to-state dispute settlement (ISDS) had been widely criticised for favouring big corporate interests.

Greek crisis

Greek aid: A multi-billion euro stream again by mid-August

BRUSSELS | July 22, 2015 | By Alexandre Mato | Since the transfer of a €7 billion bridge loan, Greece has started negotiations with its international lenders and euro partners to complete a third rescue programme lead by the ESM. To repay its external obligations in August, the country will need a further multi-billion euro support from the EU.

Greek debt restructuring

Greek debt restructuring: the mother of all battles

BRUSSELS | July 7, 2015 | By Alexandre MatoWhen euro leaders and their finance ministers meet with the Greek government later today for a fresh round of negotiations to agree on a new economic assistance programme, the debt issue will still be the mother of all battles. Over the last few days, some economists in Brussels have gathered together ideas for putting Hellenic public finances in order.


Alexis Tsipras

Syriza’s capitulation to please Greek creditors

BRUSSELS | June 23, 2015 | By Alexandre MatoTax hikes and pension system cuts were the main measures offered by Athens to European Institutions and the IMF in order to reach an agreement over the second rescue programme. The €8 billion in savings and new revenues over the next two years were described as important or broad steps. But the proposals are bittersweet.