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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
Cyprus

World economy 7th May 2013

Cyprus bailout effects: Eurozone integration remains vulnerable

With the great amount of debate, chatter, and serious analysis about the EU’s financial rescue of Cyprus from insolvency and potential departure from the eurozone, many wonder if the EU policy emerging from the Cypriot “bail out” will have a lasting impact on the political and economic integration of the Europe. In John Sydney Hopkins view, the EU rescue of Cyprus will be seen as a milestone event with a lasting impact on the EU’s ability to manage the process of integration.

gold2

Markets, World economy 6th May 2013

The Enduring Glow of Gold

BEIJING |  Caixin Magazine | A ripple of skepticism recently hit prices of the yellow metal, but gold remains the ultimate hedge on inflation, as former Morgan Stanley’s Chief Economist for Asia Pacific Andy Xie explains. The global economy has already entered into stagflation with a growth rate of 2 percent and inflation at 3 percent. The inflation rate is likely to rise above 4 percent in 18 months while the growth rate will remain stuck in the same range. With inflation twice as high as the growth rate, the global economy will slip deeper into stagflation.

No Picture

Companies 2nd May 2013

Grifols sees net profit jump of 34.8%

BARCELONA | 16.8% of sales generated in Latin America, Asia-Pacific and R.O.W., the USA and Canada account for 60.0% of sales and Europe represents 21.8%. 8% of sales generated in Spain.

No Picture

In Europe 1st May 2013

May Day’s long read: Sex, Demography, and the Future of the European Union

The Fair Observer | It is easy to say that Europeans should have more sex. Demography is destiny, after all, or so it has seemed for millennia, and what could be better than sleeping your way to world power? Despite the financial crisis, a diminishing birth rates and seemingly unsustainable welfare states, Glenn Carle believes German leadership might offer a solution for structural reform in Europe.

Angela Merkel

Markets 1st May 2013

“Merkel will probably stick to austerity again after the elections”

MADRID | Germany wouldn’t be the first country to admit that too much austerity is killing growth. President Hollande did it in France, and Enrico Letta just did in Italy, following concerns voiced by leading members of the IMF and the EU Commission. Ana Rafels, independent financial advisor, doubts Chancellor Merkel will U-turn, though.