Davos in brief
MADRID | By JLM Campuzano, Citigroup analyst | The World Economic Forum hosted in Davos these days focused its debates on how reliable is the economic recovery, central banks and currency exchange.
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US unemployment rate improves, but does job creation?
BARCELONA | Maintaining growth is crucial to continue reducing debt and boosting the recovery in employment. The US unemployment rate falls to 7.7% thanks to the reduction in the labour force.
Eurozone attracted more foreign direct investment than US, LatAm in 2012
Uncertainty is driven by a scenario with lower growth rates for GDP, trade, capital formation and employment, and by a number of perceived risk factors related to the Eurozone crisis, and the United States fiscal cliff.
European press sighs at David Cameron’s UK exit threat
Presseurop.eu | The British Prime Minister’s speech on January 23 on the future of relations between his country and the EU has made the front pages of most European newspapers. The idea of a UK exit provokes reactions ranging from outrage to–more frequently–understanding.
Spain’s BBVA to invest $100 million in banking innovation
BBVA announced the formation of BBVA Ventures, a strategic initiative that will invest $100 million in startups looking to transform the financial services industry. Through this effort, BBVA will work with entrepreneurs and venture capital investors to broaden the bank’s understanding of emerging trends, helping advance innovative initiatives in banking and finance.
The reduction in tail risks eases periphery sovereign debt crisis
BARCELONA | By CaixaBank analysts | Notable calm in the periphery’s sovereign debt crisis. Italy’s election and Spain’s budget figures will be the source of transitory turbulence.
Complacency will prolong the eurocrisis
MADRID | By JLM Campuzano, Citigroup analyst | “Complacency has prolonged the eurocrisis at least one more year and has affected our access to market credit, which was somehow eased only when the European Central Bank promised short-term debt support.”
China’s growth: the glass half full or half empty?
China’s growth for 2012 was released by mid-January: an overall growth of a 7.8% with a slight increase of 0.1 points for the last quarter, topping a 7.9%. The widely expected figure was the lowest since 1999. But is this a negative or a positive sign?
Who wants to celebrate the Elysée Treaty?
Presseurop.eu | By Arnaud Leparmentier | Paris and Berlin may be celebrating the anniversary of the Elysée Treaty, which founded their reconciliation, but their marriage has hit the rocks. The French are making faces at the economic success of the Germans, who aren’t holding back when it comes to pointing out the weaknesses of their neighbours. But we have to keep the love alive.
Corruption dirties Spain’s brand
MADRID | By Carlos Díaz Guell | “It is still necessary the voice of those championing common sense, stronger and more neat state structures, honest politics, innovation and more democracy.”