Those €120 billion deposited in the ECB
LONDON | Why would eurozone banks still have up to €120 billion deposited with the ECB, instead of using them to prop up businesses and consumption? At zero percent interest rate?
Articles by Victor Jimenez
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Victor Jimenez
Victor Jimenez
Some eurozone SMEs need more than credit
LONDON | The lack of credit to small business must really worry Brussels, because its own figures have revealed that new firms (younger than five years) are responsible for an overwhelming majority of these new jobs.
French banks warn about higher costs, opacity if interchange fees abolished
LONDON | In 2011, 60 million new interbank cards were issued and 7.9 billion transactions recorded: one in every two payments happened in France and the UK, where banks would be the most affected by new interchange fees regulations.
SAP’s Jim Hagemann: “In 2020 there will be up to 200,000 IT jobs vacant in the EU”
LONDON | “It is not about how much an hour of work costs but how much value produces an hour of work if we add technology to the equation.”
Do the markets smell German blood?
LONDON | Egan-Jones also blamed Chancellor Angela Merkel for her resistance against “European Union bonds and money printing” while “pushing for fiscal controls and the seniority of bailout funding.”
Only own goals in the Spain-Catalonia match
There is a mirroring effect in all these conflicts: Europeans appear unable to talk about the actual issues that trouble them, that is, debt and democracy.
The Chinese local Black Swan
The size of what is owed could reach up to $3.2 trillion or $1.6 trillion at best. These figures are equivalent to between 20 percent to 40 percent of the country’s GDP.
Spanish banks advise Rajoy to deal with Cajas’ toxic legacy now
The Spanish Banking Association wants nationalised entities dismantled or sold, as the toxic legacy of the savings banks has become too poisonous for too long (with information from Ángel Laso, valenciaplaza.com correspondent in Madrid).
Moody’s plays down Spain bailout expectations
Risk agency Moody’s analysts said in an interview that the probabilities of Spain asking for a rescue are less pressing than previously thought.
Can the City afford going the Thatcher way?
LONDON | The Swiss approach sounds exactly like the type of relation the eurosceptic Iron Lady wanted for Britain regarding the EU. But the path is punctuated by so many partial surrenders that it almost looks not worth the effort, the City appears to think.