MADRID | Just a few days before the partial rescue of the Spanish banking sector was announced, Amado Franco talked to journalist Carles Francino during an interview broadcast by SER. Franco is president at one of the largest and healthiest cajas or Spanish savings banks. He is 66 years old and has spent 42 working at Ibercaja. He has been auditor, branch manager, executive, CEO and President since 2004. Franco is a…
By Luis Arroyo, in Madrid | It's been a good match, and the Spanish government has played quite well. From the very beginning, the minister of Economy Luis de Guindos dispelled any fears about a Greek bailout for Spain. Here's what I say: those wanting a seizing over the Spanish cabinet are welcome to join the club of the frustrated fans of coups d'état. Indeed, Spain's government faced a difficult…
LONDON | More than 2,400 people have registered to disclose unpaid tax under the Liechtenstein disclosure facility with £363 million already paid in tax bills, the British tax authorities announced Monday. The new legal framework is now expected to bring in up to £3 billion by 2016 based on the current numbers of disclosures. The figures were released as the United Kingdom and the Principality of Liechtenstein prepared to sign a double…
http://goexback.com/ How to win back your ex By Julia Pastor, in Madrid | Everyone's talking about it. The financial support demand or the bailout that Spain has requested from its European partners last weekend in order to, at last, recapitalise the country’s banking industry is admittedly one of the most significant episodes in Spain’s recent economic history. After the International Monetary Fund published on Saturday early in the morning its stability…
By Luis Arroyo, in Madrid | The European common currency has become poisonous for almost everyone else but Germany. Check below a chart coming from the International Monetary Fund, which shows that not even other core euro economies (that is France) have been able to profit as much as Germany. It also renders perfectly understandable why Nicolas Sarkozy lost the general elections and why he did so amid angry voters….
MADRID | A pinch of humour can go a long way, indeed. These guys made headlines today in the very BBC (Irish footie fans), Business Insider (
how to get your ex girlfriend back in a month LONDON | In came this week the numbers of German industrial production, and those who stir up the threat of an approaching euro area-wide recession saw its arguments confirmed: from March to April, Germany registered a 2.2 percent decline, a whole 1.2 percent under market expectations. The figure, 2.2 percent from 2.8 percent in March, placed that month's industrial production…
By Julia Pastor, in Madrid.- El Corte Inglés, the well-known Spanish department stores brand has had no alternative but to cut its food, drugs and perfumery products prices by 20%. Since the crisis began, their most direct competitors in this segment, the Valencia-based supermarket Mercadona and the French chain Carrefour have entered into a price war in which the retail company was out by their own choice. Now things have…
Provisional readings by Eurostat on the European current account figures showed a considerable improvement in the money flows relating to trade and investment. The European Union's external current account recorded a deficit of €8.8 billion in the first quarter of 2012, compared with the €31.3 billion deficit of January to March in 2011. In the first quarter of 2012, the EU27 external balance of trade in goods was in deficit by €28.6 b…
What To Say Through Text To Get Your Ev Back By valenciaplaza.com, in Valencia | José Carrasco is private banking director at Banco Madrid in Valencia. Carrasco believes the European Central Bank buying Spanish bonds would reassure investors and negative headlines would then recede allowing foreign capital to go back to the country's market, where good value still abounds. What is your view on the European stock markets? With France…