Articles by The Corner

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
No Picture

Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: How Greenpeace tricked big oil firm representatives into a meeting OPEC summit and worries about oversupply The last major US airlines falls Angela, please, listen I don’t want to pay taxes either! You don’t know…

No Picture

RBS’ Mariano Aldama: “Spain’s new government can bring back markets’ trust”

Mariano Aldama of the Royal Bank of Scotland and responsible for capital market origination for financial institutions in Spain and Portugal, has given an interview to the business daily Cinco Días in which he admits that, despite the critical situation of Spain because of excessive financing costs, it is possible to restore market confidence. We offer an excerpt of the interview. How long can the banking system resist without financing itself? The rejection in the markets can not last much longer but first there are pieces of the puzzle that…

No Picture

“Merkel will soften her stand”

By Alfredo Aranda, in Madrid| The proposal to centralise fiscal policies in the euro zone is perhaps the only initiative that has received the almost unanimous agreement of the EMU members, although it remains to be seen how it can be articulated. At Agenbolsa, analyst Paula Hausmann considers that this is a good option to restore confidence in the euro and stabilise shaken bond markets. But the big question remains: will…

No Picture

Union Bancaire Privée: “let’s go for austerity but beware of inflation”

According to Patrice Gautry, UBP’s chief economist, we are now at the end of a cycle. The West’s growth rate has kept one step ahead of the spiral of debt that was fuelling it, but now we have reached the end of that road: household and national debt needs to be reduced. “As testified by the frantic talks among leaders, the mounting political and economic threats unequivocally call for higher…

No Picture

“EU public debt rate is lower than in the US or Japan”

MADRID | If there is something we all can agree on is that there is too much debt worldwide. We can also agree on the fact that it is the developed countries that are suffer this high level of debt, after more than ten years of excesses. This is the opinion of Jose Luis Martínez Campuzano, chief strategist at Citi inSpain, who has expressed his views for Consenso del Mercado. “When…

No Picture

Emilio Botín, the first banker to open a branch in a ‘favela’

In the last seven years in Brazil, 46 millions of poor people have become middle class and it is expected that 19 millions more can also improve their purchasing power by 2014. Banco Santander is the third private bank in Brazil, following Itaú and Bradesco, and the first opening a branch in a ‘favela’, Alemao, the most dangerous in Rio de Janerio. The daily Expansión had the scoop: “The opening…

No Picture

Spain’s regions obtained a “small surplus” in 3Q11, says finance minister Salgado

With a public deficit of €12.87 billion, 1.19% of GDP in the third quarter, the regional governments in Spain would have recorded a small surplus of €192.72 million, according to what the finance vice president Elena Salgado said on Tuesday. More details were reported by the Spanish press. “… The Spanish regions are on the path of deficit reduction,” said Elena Salgado, finance vice president. Her forecast for the full year…