A different kind of crisis, a different kind of reform
By Barry Eichengreen via Caixin | The reform response to the financial crisis was mild compared to that of the Great Depression, but all is not lost.
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You’ve heard the Greek crisis myths, now here are some truths
Via www.macropolis.gr | By Yiannis Mouzakis & Nick Malkoutzis | With talks surrounding a bailout extension ongoing, it is time to set the record straight about some of the myths that surround the Greek narrative.
Spanish bond yields remain low
MADRID| The Corner | Yields on ten-year government bonds remain close to historically low levels.
Face off
MADRID | Sean Duffy | Today´s meeting of the Eurogroup brings Finance Ministers Varoufakis and Scauble head-to-head. Germany are unimpressed with Greek proposals,meaning that the Greeks face the prospect of being cut off from extra bailout funding.
Capital controls in Greece? A response to Professor Sinn
ATHENS | By Marios Zachariadis via MacroPolis | While capital controls might be an appropriate intermediate solution for Greece as argued by Professor Sinn in his recent Financial Times note, Professor Sinn misses or misrepresents the picture on a number of counts.
Car sales in Spain boost European sector
MADRID, February 19, 2015 | The Corner | Vehicle registrations in January 2015 totaled 999,157 units in Europe, representing a rise of 6.7%. The figures point to a strengthening of the recovery in the automotive sector, with growth now recorded for seven consecutive months. The figures were buoyed by particularly strong performances in Spain and Italy, each of which posted double digit increases.
Greece negotiations at crucial juncture
MADRID | Sean Duffy | ECB tightens the squeeze on Syriza government ahead of today´s proposals from the Greek Goverment for a loan extension.
Greece under pressure, expected to reach deal with its creditors today
MADRID | The Corner | Markets seem optimistic about the deal between Greece and its creditors (a government spokesman said they aim to reach a compromise today), although analysts are still wondering whether there have been any advances in the negotiation. “At least the ECB decided to a slight increase in emergency funding (ELA) for Greek banks on Wednesday,” a Barclays’ Alberto Vigil said. “But we still don’t know which reforms the Greeks have agreed on.” The ECB had already raised the ELA available to Greek banks by 5 billion euros to about 65 billion seven days ago.
Spanish exports are on the rise; trade deficit, too
MADRID | The Corner | Spanish exports continue to grow, posting an annual rise of 2.5% in 2014, according to figures released on Wednesday, exceeding €240 billion for the first time. The country’s trade deficit currently stands at €24.5 billion, with imports rising by 8.3% year-on-year, leading to a 53.4% rise in the commercial deficit.
A bridge to a bailout?
MADRID | By Sean Duffy | The Greek Government is expected to apply for a bailout extension today, but it remains to be seen on whether or not Tsipras has been flexible enough to mollify the concerns of EU politicians.