A “heavenly” minimun wage for Switzerland
Articles by The Corner
About the Author
The Corner
The Corner
The €7.7bn Jordan Red Sea Project accepts first bids
Social enterpreneurship in Spain: Momentum’s new edition
BARCELONA | ESADE and BBVA Foundation in collaboration with PricewaterhouseCoopers on Wednesday opened the second edition of Momentum Project 2012. The initiative aims to contribute to the development of social entrepreneurship in Spain, creating a support network for these companies to consolidate, grow and increase their impact. In the first edition, Momentum funded seven projects with a €3 million capital injection through a finance tool designed by BBVA. The presentation in…
Pass and Fail: why we put up with the risks of the ratings agencies
The rain in Spain is fairly plain
By Julia Pastor, in Madrid | The bank with the greater economic weight in the euro zone is Spanish, Spain’s national football team won the World Championship, and so did the national basket team; the number two in the tennis ranking is from Majorca, Spanish chefs are in the covers of the most important newspapers of the world, foreign tourists and no tourists adore the jamón ibérico… The history of…
The crisis, the chicken and the egg
By Luis Arroyo, in Madrid | The great cause of the financial crisis was the spreading of risk through previously unknown channels. New financial instruments were invented, ‘collateralized’ with original assets and loans (mortgages), and sold and resold to re-lend the proceeds of the sale. The standardization of the process, despite its darkness, made it easier to hide the risk to the rest of the world. The initial risk was…
Spanish Treasury 1, Standard&Poor’s 0: the game goes on
By Tania Suárez, in Madrid | Spain’s bill auction on Tuesday has been another success for the sixth time in a row. This time, the Spanish Treasury has placed €2,506.8mn in Treasury bills at 3 and 6 months and so, beats its target of €2,500mn. The yields have fallen almost half a point compared to December’s results. Specifically, the Treasury has sold €1.43bn of the €6.053,85mn demanded by investors in…
Oops! European graph of the moment
From the Institute for International Economic Studies of the Stockholm University, some food for thought… That’s all.
Why the UK, Denmark and also Sweden say ‘no’ to the Tobin tax
Mr Geithner wins: CDSs today rule, yet only cover 1% of Greek sovereign debt
The press all over the world is debating the repercussions of the imminent agreement between Greece –and the EU– and the International Institute for Finance (IIF), chaired by Charles Dallara and which holds $206 billion of the the total $350bn of Greek sovereign bonds (the ECB has another $60bn). According to the Financial Times, the agreement would require a haircut of 68% but what seems to be the most difficult to issue…