City of Madrid analysts have checked figures of the German ZEW index and its evolutions regarding actual GDP changes. They expect the engine of this core euro zone economy to go into negative territory during the coming months.
The European Banking Authority delivered its latest examination on entities’ compliance with information disclosure. Banks appear to be oblivious of regulators’ demand for more transparency, let alone investors’.
Schuldschein, a traditional non-listed German type of debt issue, will be made available for Spanish regions in need of a bailout. It could afford Europeans a chance to fix their troubling past relationship of ever riskier borrowing and lending practices.
Spain’s largest banks have built up a bigger footprint in Latin America to hedge against recession-hit European markets. Their bet is now paying off. The economies of the region are still expanding.
Investors have responded with interest to some recent capital increase plans and debt sales from large Spanish banks. But it is too early in the year to infer an improvement in perceptions.
Why would president Hollande place such tax burden on the rich and corporate? He said France’s 2013 Budget was meant to demonstrate the euro zone that austerity and fairness can walk together the way out of the crisis. It looks as he’d rather protect a bloated state, though.
Revealed: the VAT rise in Spain fell mostly on customers’ shoulders. Afi analysts and national statistics show inflation in September has jumped by 0.8 percentage points.
Something happened Friday September 28. Catalonia sold €2 billion in bonds and Spain’s Treasury minister announced that the regions rescue fund is now open for business to provide capital aid to Barcelona. The central government has a strong case to deactivate the Catalan conflict while reassuring markets with a restructuring plan of the state’s administration.
Why the German government believes it should force Spain into a national rescue like Greece, Ireland and Portugal did before is a puzzling question for Madrid. The markets are not quite sure, either.
Out of the markets’ spotlight, the Italian economy isn’t actually improving. Brussels must balance its ‘whenever in doubt apply a budget-cut’ policy: when GDP deterioration reaches too low a point, that makes urgent structural reforms implausible.