FCC lands contracts in Peru worth €200 million
MADRID | FCC is set to modernise the largest Port in Peru, for 165 million euro and to upgrade the Trujillo sports complex, site of the Bolivarian Games.
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Not your fault, Cypriots?
Presseurop.eu | By Matthias Horx | Greedy banks, the EU or Angela Merkel: The search for the culprit in Cyprus is running along the usual fault lines of the euro crisis. But do individuals not share in the responsibility for the mistakes of their society? That would mean the Cypriots would have to give up some of their savings deposits.
Ferrovial’s Rafael del Pino to the Spanish government: “Cut tax burden”
MADRID | Speaking to the shareholders, Ferrovial Chairman Rafael del Pino called for prioritizing economic growth and strong companies to enable Spain to create jobs once again. Ferrovial Shareholders’ Meeting, held today in Madrid, passed all the items on the agenda, including a dividend payment charged to reserves amounting to 0.25 per share; the company already distributed 1 euro per share in December.
The EU pushes to secure banking rules, the UK thinks not
BRUSSELS | By Alessio Pisanò | UK Chancellor George Osborne said limits on bankers bonuses will make it more difficult to ensure that the banks and the bankers pay when there are mistakes. Nevertheless, no one else in the EU stood by him.
The German economy will sustain Europe’s recovery
BARCELONA | CaixaBank researchers | The euro area’s drop in GDP was slightly more than expected. The European Commission expects a 0.3% drop in GDP in 2013, but the latest economic figures point to a slow recovery.
The deterioration in the labour market may have bottomed out
By CaixaBank analysts | The unemployment rate remains stable in December at 11.7%. Germany’s good performance slows down job losses in the euro area.
In brief: the Dow Jones is overvalued
MADRID | Juan Enrique Cadinanos, at Hanseatic Brokerhouse, thinks US equity markets are too expensive for a slowed down economy under the burden of a huge state debt.
Cyprus crisis too big to handle for Mr Schäuble
NICOSIA | By Aristos Mihailides | After the failure of the EU’s €10bn Cyprus rescue plan, the German Minister of Finance has questioned the island’s low tax regime. However, a well known journalist argues that following the 1974 Turkish invasion, Nicosia had no option but to offer tax breaks.
2013 profitable for Spanish banks
By Javier Niederleytners, professor at the Institute for Stock Exchange Studies IEB | Market pressure right now has relaxed over the country’s public debt and it seems to be a good moment to sell part of their bond holdings to cancel ECB loans.
European regional GDP leagues
Among the 41 regions exceeding the 125% level, eight were in Germany, five each in the Netherlands and Austria, four in Belgium, three each in Spain, Italy and the United Kingdom, two each in Finland and Sweden, one each in the Czech Republic, Denmark, Ireland, France and Slovakia, as well as the Grand Duchy of Luxembourg.