Against the Eurocrisis: more monetary ammunition, more reforms
BARCELONA | By Jordi Gual, economist | The euro area’s double dip recession is due to inopportune management of the sovereign debt crisis and slow advances towards European integration.
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Gas Natural Fenosa director Ramon Adell: “We comply with a policy we don’t agree”
MADRID | By Fernando Barciela | We live in an interconnected world, and a disunited Europe would be far worse equipped to influence and expand its market. As mighty as it appears, Germany would be but a little country isolated in the world.
The Spanish economy as a surprise
MADRID | By Alfredo Pastor, for lavanguardia.com | The main surprise about Spain is the size and speed of our external adjustment. Fiscal adjustment and the good behaviour of exports are also two positive surprises. Citizen solidarity helps counteract the grave effects of the crisis.
Will the Kirchner government listen to Repsol about Vaca Muerta?
MADRID | via valenciaplaza.com | Although there have been no agreement in previous occasions, Argentinian commentators describe Fainé as more ‘open-minded’ than Repsol’s president Antoni Brufau, who would favour legal action against the Kirchner government.
Build Up Skills Spain: Can the EU help the construction sector?
MADRID | By Ignacio Mulas at CapitalMadrid | How to fix the most battered sector in Spain by the economic crisis? Construction has lost around 18% jobs in one year. A new European project called Build Up Skills Spain tries to shed some light and recommends public investment to upgrade workers into energy efficiency and rehabilitation. Because that’s the only hope.
Tecnicas Reunidas awarded Turkish Aliaga’s $1 billion contract
MADRID | The value of the contract for TR will be above 1,100 million US dollars and will have an execution period of 49 months until the commissioning of all the units.
Spanish banks capital ratio better than Germany’s
MADRID |By José Luis Marco at CapitalMadrid | Germany or the Troika, that for some already begins to be the same thing, may have their doubts about the level of funding of the Spanish banks and the process of consolidating their balance sheets. However, according to objective data, German main private banks capital ratios are far below those of Spanish leading financial groups.
Let’s free the EU from corruption
ROME | via presseurop.eu | The EU is becoming a corrupt church where Germany rules by a dogmatic economic orthodoxy. Politics must take back control with a protestant schism coming from grass-roots initiatives, argues Italian La Repubblica.
Francois Hollande must be braver
By Skip Worden | In trying to have it both ways—an economic regime and a political union—Hollande was being political at the expense of his own proposal.
Robert Skidelsky: “Can we afford the economy to deteriorate even further?”
WASHINGTON | By Pablo Pardo | Robert Skidelsky: “There are technical economists in finance that had told us again and again that 2008-like ‘accidents’ were simply impossible. What connections do they have to the investment industry?”