Abengoa agrees Befesa sale for over €1 billion to Triton funds
SEVILLE | Abengoa enters into an exclusivity agreement with Triton Partners for the sale of 100% of Befesa for €1,075 million.
Articles by The Corner
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North Africa and energy prices in Europe
By Ioannis Michaletos, associate of the Institute for Defense & Security Analysis in Athens | The situation may eventually lead to another peripheral war against groups of guerilla and terrorist forces, coupled with a general instability regarding energy prices in Europe.
Financial markets: a shrinking pie
MADRID | By J. M. Campuzano, analyst at Citigroup | During the crisis that began in 2007, capital markets’ weight has been cut to 350% from 450% of the world’s economic output. The past, in terms of depth and worldwide markets liquidity before the crisis, is long gone and will not come back.
Taking the Shine off Gold
BEIJING | By Wang Yuqian and Yang Lu (Caixin Magazine) | What caused the precipitous decline in the price of the precious metal? And how do analysts in China see it? Three experts come up with different explanations, from investor panic triggered by the European debt crisis to, more bizarrely, a conspiracy theory that the U.S. government orchestrated the collapse.
Cyber-democracy comes to Europe
By Juan Carlos de Martín | Responding to political crisis, a chorus of voices, such as Italy’s Five Star Movement, are calling for a transition to the direct participation that the Internet has made possible. However, the two systems should complement, rather than compete against each other.
Madrid-based Neinver to open €80-million macro outlet in Barcelona
BARCELONA | The new outlet will be built next to Desigual’s new logistics centre for the European market, which should start its activities by 2015.
Reform of securitized Spanish mortgage market crucial to foreign investors
MADRID | By Santiago Carbó and Francisco Rodríguez (Funcas) | Spanish mortgage market being so highly securitized, any changes affecting its evolution is of vital importance for international investors.
Germany’s unemployment benefits among top five in eurozone
LONDON | By economist Tim Vlandas | Southern European countries such as Italy and Greece and European liberal market economies such as the UK and Ireland exhibit increases in their replacement rates.
FCC to ship colossal components of Brazil’s Açu Port from Spain to Brazil
ALGECIRAS/LONDON | As a result of this project, Açu will be the third-largest port in the world and the largest in the Americas with an annual capacity of 350m tonnes.
How British tabloids fuel euroscepticism
PRAGUE | The EU has ruled on the curves of cucumbers, forbidden hairdressers from wearing heels, and even financed a porn film. These urban legends about decisions taken in Brussels are as endless as they are false. And they all get the kiss of life in the same place: the British tabloids.