Spanish unemployment at lowest levels since August 2011
The Corner | July 2, 2015 | The number of registered unemployed fell by 94,727 people in June to 4,120,304 people, the lowest figure in four years, according to official figures released today.
Articles by The Corner
About the Author
The Corner
The Corner
Qualifying Securitization: EBA presses pause?
July 1, 2015 | BNP | While Grexit is the market concern of the moment, disintermediation and securitisation will be important to monitor for the future.
Spain PMI below expectations, yet employment growth fastest in 8 years
The Corner | July 1, 2015 | Spanish manufacturing PMI, one indicator of the economic pace of a country, posted 54.5 in June, down slightly from 55.8 in May. However, operating conditions have now strengthened in each of the past 19 months, according to Markit analysts. Manufacturers reported having hired extra staff to meet higher production requirements and prospects of future growth.
Tuesday unlikely to bring further changes for the Greek banks
LONDON | June 30, 2015 | BNP | On Tuesday the bailout programme expires and Greece is due to make a payment of EUR1.5bn to the IMF. Both important events. However given that the ECB has already capped the ELA ceiling, we don’t expect any further significant measures against the banks.
America Needs $1 Trillion in Water System Upgrades
The US is not investing in their underground infrastructure, often dating back to the 19th century. An estimated 240,000 water main breaks per year in the country.
Puerto Rico close to default; joins Greece uncertainty
The Corner | June 29, 2015 | Greece, Greece and more Greece… But in fact, it is Puerto Rico which is closer to default. The island’s governor admitted their debts are not “payable” without a reestructuring, so creditors must now “share sacrifices”.
The Greeks deserved better than this
ATHENS | June 29, 2015 | By Nick Malkoutzis via MacroPolis| Too often SYRIZA approached its dialogue with creditors as it would a street protest. And while the institutions spoke of flexibility, they only showed a limited amount of it in their approach.
Greek referendum: A victory for a “yes” vote may trigger a national-unity government
LONDON | June 29, 2015 | Barclays | Greek PM Tsipras surprised everyone by calling for a referendum to be held on 5 July. The referendum will ask the Greeks whether or not they accept the latest proposal presented by the Institutions. The Greek government supports a “no” vote.
BoS recommends Spanish banks consolidate further, invest in innovation
The Corner | June 28, 2015 | Seven years after the crisis, and after a widespread restructuring process, Spanish banks still need to achieve a sustainable business model, the country’s central bank governor said.
Legal change by State Council would end cap on Chinese banks’ lending
BEIJING | June 27, 2015 | By Wu Hongyuran via Caixin | Loan levels would no longer be limited to three-quarters of deposits if legislature approves amendment approved by cabinet.