Nick Ottens via Atlantic Sentinel | Chris Bickerton makes a strong argument in The New York Times: Emmanuel Macron is on track to become yet another failed French president. He argues Macron’s “entire political project” has been built around his personality.
J.L.M. Campuzano (Spanish Banking Association) | The increase in the size of the central banks’ balance sheet has without doubt been one of the untraditional measures of the financial crisis. But the president of the ECB has anticipated that probably at its next meeting in October a scheme will be worked out to progressively reduce the asset buying programme.
Pablo Fernández | The “Report on the financial and banking crisis in Spain, 2008-2014” published by the Bank of Spain last May is 252 pages long, but omits important facts and dates. The most surprising thing is that it seems to assume that the financial and banking crisis in Spain was the result of “contagion” from the ‘”international financing crisis”.
The People’s Bank of China (PBoC) issued last week a statement banning ICOs, while also planning to shut down local cryptocurrency exchanges. In order to combat capital flight, money laundering and other fraudulent activities, Chinese authorities have decided to disallow trading between fiat currencies and digital currencies within China. This has led to prices of cryptocurrencies such as bitcoin sliding over the weekend.
Testa Residencial, the socimi in which Santander, BBVA and Merlin have stakes, will today approve its merger with Acciona’s property rentals business. The operation will create a new property ‘giant’, unheard of up to now in Spain, given that it will be the first company dedicated to the home letting business.
Nick Ottens via Atlantic Sentinel | In his annual State of the Union European Commission speech, president Jean-Claude Juncker’s proposals for closer EU integration is a throwback to the false dichotomy of more or less Europe. Furthermore, they contradict the “multispeed Europe” that has been endorsed by France, Germany, Italy and Spain.
Yesterday, Apple presented the iPhone X, a new version of the phone which incorporates the biggest change in design since its launch in 2007. The new iPhone X will sell for 999$.
The tourism sector plays a very important role in the Spanish economy. And its prospects are positive looking ahead to the coming years, based on the different statistics available. That said, there are various elements which should make us reflect on whether the Spain’s tourism business is as well focused as it could be and if it is adapting easily to a changing reality.
Benjamin Cole | With the announced mid-October resignation of U.S. Federal Reserve Vice Chairman Stanley Fischer, Donald Trump has a chance to do what Presidents Obama and Bush never did: appoint growth-oriented members to control nation’s central bank.
The next few years should be good ones for CAF due to the sector’s positive situation and the company’s excellent positioning.