Old-World Consorting: China, Africa, and the European Union
China’s economic relation with Africa is forcing the EU to rethink its strategy towards the continent.
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Ferrovial joins consortium awarded Belfast-Larne €127m road contract
MADRID | Ferrovial Agroman, a construction subsidiary of Ferrovial, has already built 175 km of toll roads in the Irish island. In Northern Ireland, it has completed the region’s largest motorway project, the DBFO2.
The ECB came to the fore, the European Union must now follow
The ECB reduced official interest rates by 0.25%, but the interest rate spread for loans to firms and households has widened. Credit conditions vary from one country to another in the euro area. The European governments have to fulfil their duties if the euro is to stabilise.
DIA expands with €70.5mn acquisition of Schlecker in Spain, Portugal
Spanish DIA, a low-cost food distributor, expands into household and personal care market in Spain and Portugal, where the company sees growth prospects in spite of current economic environment.
“Germany’s position is excessively unclear”
It will not look good for the political party in office in Madrid, analyst at Self Bank Victoria Torre told Julia Pastor, but requiring a rescue is only a matter of when. And the Spanish government wouldn’t be the only one to blame.
Strasbourg could learn in Spain the right approach to future card payment policy
STRASBOURG| A message to the European Parliament from Enrique Calvet: what you wish for can harm credit card customers with higher fees. Calvet is member of the Consultative Commission on Industrial Change at the European Economic and Social Committee.
Hopeful but viable: Spain’s 2013 Budget
JLM Campuzano, analyst at Citigroup, treads through some of the figures in the Spanish general budget for next year. He finds effort, risk, savings, some uncertainties and a lot of unavoidable pain.
The current deficit of the European Union continues to improve
The euro area’s current balanced reached a 0.5% surplus of GDP in the second quarter of 2012. The correction in peripheral economies should be taken note of, CaixaBank analysts highlight.
What the Bank of Spain also said but you didn’t hear
Did you know non-resident tourist spending grew by 8.9 percent in July year on year? Analyst at Barclays Spain Alberto Vigil collected today some positive data the Bank of Spain released in its latest bulletin.
The Spanish donkey
Managing director at Re-Define, Sony Kapoor is a former investment banker and adviser to governments and international organizations. Kapoor argues that, unless Brussels change course, Spain will end up split between austerity and banking losses.