Recently Broke Up But Want To Get Back Together What Do I Do MADRID | Solaria Energía, the only solar company listed in the Spanish stock market, announced it will begin the development of a 60 MW photo-voltaic field plant in the area of Calera y Chozas, in the province of Toledo in Spain. The plant will dump its output into the local grid at the corresponding market tariff, with no…
How To Get Your Ex Girlfriend Back By Julia Pastor, in Madrid | Solidarity is one of the feelings that gives more satisfaction to human beings. In some societies, this capacity of putting oneself in the place of another person is more pronounced or more developed. In gross terms, and according to the Spanish Fundraising Association (AFEr, in its original acronym), Spain is not the most supportive country within the European…
By Julia Pastor, in Madrid | The solution proposed by the Spanish president Mariano Rajoy to inject capital directly into troubled entities, with no need of intervening the whole of the countries' economy is gaining momentum. It was the International Monetary Fund the first organisation which gave a boost to the idea when its managing director, Christine Lagarde, assured that Spain did not require a rescue. Last week, Mario Draghi’s…
I Want To Get Back With Him MADRID | An Spanish offensive seems to have been deployed in all fronts. Spain's King Juan Carlos in Brazil called on the European Union to advance its integration because the problem, he said, rather than economic, is political. Meanwhile, president Mariano Rajoy introduced in a Senate session what the Spanish position will be in the next European summit: Europe needs a horizon, make…
By Luis Arroyo, in Madrid | Peeking into Japanese modern economic history is a must for most Europeans, since we are plunging into the same mud waters that country has gone through for twenty years. Japan seems to have succeeded in leaving the 1990 crisis behind, a crunch not altogether different from our predicament. On the positive side, there is the fact that now we know it could have returned…
The euro zone index of consumer sentiment in May confirmed a relative improvement this month, drawing a less negative private consumption this quarter. This would indicate a rate of contraction in both the first and the second quarter of about -0.5% (-0.7% in the fourth quarter). Retail sales data, to be published today, are expected to slowdown its worsening. They would also point to a contraction rate of about -0.5%….
By CaixaBank research team, in Barcelona | In spite of an improvement in the economic climate in February and March, available indicators point to stagnation in the first quarter of 2012, representing a slowdown compared with the 0.2% quarter-on-quarter expansion in GDP posted in the last quarter of 2011. We have kept to our forecast of very modest growth for the whole of 2012 due to the situation of some…
MADRID | In a interview published by El País this weekend, Jaume Guardiola, Banco Sabadell’s CEO (which is the fifth Spanish bank in terms of assets) said he was very optimistic about the country’s financial system and its economy as a whole. Despite the crisis that besieges Spain’s banking sector, he noted the industry will become smaller and more professional. He also thinks that the Spanish economy is showing “unequivocal”…
By Tania Suárez, in Madrid | Most financial commentators have focused its attention on the comments that the Spanish president Mariano Rajoy made last Saturday. He emphasized the importance of creating a European body whose main objective would be to control of the finances of the different States, i.e. a fiscal integration. According to macroeconomic experts at Morgan Stanley, such measures of fiscal integration should be the aim of Europe…
BEIJING | There’s a huge debate on what’s more appropriate for China: stimulus plans, sound investment or consumption incentives, to avoid the feared hard landing of its economy now that the Chinese model of development seems to be exhausted. The recipe was first applied in coastal areas. Due to its success it was later reapplied in the West to encourage a massive urbanization across the country. Unfortunately, the economic crises…