Peripheral austerity hurts German exports
German exports provided the government with proof that the country’s economy isn’t immune to the crisis affecting the economies in the south of Europe.
German exports provided the government with proof that the country’s economy isn’t immune to the crisis affecting the economies in the south of Europe.
In the latest national opinion survey, Spaniards told the Rajoy government to close the nationalism front and weigh in with all resources to sort out the economy.
The figures don’t look too good. Raising taxes on the rich and simply delaying spending cuts for a paltry two months are going to do little to remedy the humongous US debt problem which amounts to over $17 trillion.
The overall figure of M&A operations is $2.2 trillion, 9 percentage points less than in 2011.
“The Spanish trade balance shows that Spanish companies have the capacity to find alternative markets when the usual domestic clients slow down their demand,” Bankia Bolsa explained in a report.
Although Ireland’s economy seems to be improving, Barclays warned that fiscal adjustments hit employment figures and disposable income.
Over 80 percent of all Spanish deposit banking institutions–six of them systemic–will be inspected by the European Central Bank from 2014.
Total gross issuance had to reach €199.5 billion, but the government had placed €200.9 billion of sovereign debt as of Wednesday.
LONDON | As 2012 finishes, the first accounts from the City of what the year was like bring doses of optimism. The euro zone will polish its banking and fiscal union, and Greece will stay within, analysts forecast to investors.
The trends have not behaved in a positive way yet, particularly in France, whereas the Spanish series appeared to show a slight improvement last month.