Will China’s new faces face reality?
Iris Mir | Beyond who will be leading the country, there’s still a pending issue: How will they rule it. If prosperity have been attained, as numbers show, why not embracing political reform?, wonders Iris Mir.
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Santander is right to avoid mainstream temptation of going bigger
MADRID | Everything you wanted to know about Spanish giant Banco Santander–and the largest banks of the country–but were afraid to ask. By Carlos Díaz Güell.
Spanish Confederation of Savings Banks opens Cecabank with €16 billion in assets
CECA finally segregated its financial activity into a newly created banking entity. Cecabank has been created as a loan institution, providing services to savings banks, associated organisations and customers in the financial sector.
Integration and disintegration of the EU
BRUSSELS | 80% of the Venetians would support independence. Mario Monti has convened an informal summit about centrifugal forces that most of the EU members are facing. Dangers of the community pax. By Jacobo de Regoyos.
Saudi Aramco awards Spanish Técnicas Reunidas projects worth €700 million
Saudi Aramco selected TR for the execution of two lump sum turnkey contracts for its upcoming Jazan refinery and marine terminal project.
Winds of change for Mexico’s twin-engine second-bigger LatAm economy
BARCELONA | CaixaBank analysts believe reforms are particularly important for the second economy in Latin America given the need to provide a definitive boost to its growth potential, one of the lowest in the region.
Most Spanish financial analysts forecast a Spailout before 2014
MADRID | By Tania Suárez | Analysts in Madrid think Spain’s risk premium is too high for the government to escape the fate of Ireland or Portugal. “Some sort of bailout” will be necessary before the end of next year.
European Commission warns Spain: either make extra efforts or maintain 2011’s
MADRID | The Spanish government faces an uncomfortable dichotomy, says Carlos Díaz Güell: it either prolongs the fiscal measures taken in 2011 or lets the public deficit grow even further.
Let’s solve the euro crisis: more Europe or more Eurocracy?
Reporter Martin Nangle tells Brussels what’s at stake: “many see ‘More Europe’ as additional funding to the already lavish gravy train lifestyle enjoyed by a greedy elitist group who have little or no allegiance to Europe’s citizens.”
Investors confident ECB will become euro zone banks’ supervisor, says Fitch survey
79% of survey respondents expect the European Central Bank will supervise all euro zone banks, in line with the European Commission’s legislative proposal for a single watchdog.