MADRID | A frozen fish processing company from Galicia, in the north of Spain, was recently awarded the Green Card by the US’ Food and Drug Administration. The FDA isn’t exactly easy-going, but the Spanish firm has already access to the US market and extensive presence in Europe, including Russia. The news isn’t a surprise, of course: the Spanish food industry is successfully competitive, its exports have risen by 8.4…
MADRID | CAPITALMADRID.COM In the years 1992/93 the Spanish authorities struggled for longer than events recommended to keep the exchange rate of the peseta. Something similar might be going now on, but in another dimension, as the government still defends the good health of Spain's financial system. Back then, the stabilisation mechanism in place determined a fixed exchange rate for the peseta, let's say in short, against the German mark….
MADRID | The injection of public money and nationalisation of Bankia ends a compelling need with a solution, earlier discarded, that in the US or the UK has been long ago adopted but neither the Germans or the French want to face, in spite of many of their banks being as weak as some the Spanish entities may be. François Hollande’s arrival to the presidency of France is also good news:…