MADRID | The European Central Bank must change course, too, so market credit costs drop to a range at which peripheral governments will not suffer as much as they do now. Brussels and Berlin may stubbornly be strangling the eurozone because they cannot see the wood from the trees.
MADRID | Will the ECB finally U-turn or would it sit as a quiet spectator while the US Federal Reserve and the Bank of Japan intervene with massive liquidity injections against the credit crunch?
MADRID | BBVA Chairman Francisco González wants to eliminate all risks in Latin America and avoid the unpleasant situations his Spanish peers Repsol, REE, Iberdrola, Abertis or Aena had to put up with in the continent.
MADRID | Two German economic heavyweights are stirring the debate about the Spanish recovery: IFO President Hans-Werner Sinn, who recently said that “Spain will suffer 10 more years of crisis and an internal devaluation of 30%”, and Bundesbank Chairman’s, who thinks the crisis will last five more years. Both of them were as clear and firm as Germans usually are when speaking about Southern Europe.
MADRID/BARCELONA | Telefónica’s Executive Chairman and Chief Executive Officer César Alierta unburies the hatchet against the two giants, which in his opinion are abusing their power against customers’ interest.
MADRID | Ignoring that Italians have given support to political programmes contrary to current austerity policies would be a temerity.