The wood, the trees and the Spanish regions
Madrid should never be afraid of the conflicts that interventions will spark, to be sure, but it will only succeed when the regional government has a clear poor reputation managing its own finances.
Articles by Victor Jimenez
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Victor Jimenez
Victor Jimenez
How eurozone’s central bank saved Lloyds
LONDON | Behind the option of recovering the public investment made in Lloyds TSB, a possibility sounded today by Whitehall amid better priced bank stocks, there is the European Central Bank. But British taxpayers will probably never know.
Spanish direct investment’s real exposure in LatAm is Brazilian
Afi analysts issued today a simple but compelling chart showing Brazil is the main target of the more than €100-billion total exposure by Spain’s large companies in Latin America.
Eurozone banks hoard €200-billion excess liquidity
Why should banks enjoy the comfort of placing money in the Frankfurt-based central bank for risk-free profit? They should instead letting it flow. After all, businesses are starved of cash to hire and invest.
Say Adiós to the Spanish current account surplus
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Spanish bond sales higher than debt repayments in 2013
“The Spanish government surpassed the maximum amount of debt it planned to offer,” BNP explained, “and maintains its good results.”
Morgan Stanley’s surprising forecasts: Spain is Germany, the UK is Italy
LONDON | Is Morgan Stanley swimming against the tide? There is at least two proofs of how the US investment bank maintains contrarian positions: it says Spain will be the next Germany, but the UK will turn into Italy.
Talking about interest rates
While emerging countries moderate interest rates to keep their currencies favouring exports and economic activity, the euro is appreciating. Does it makes sense?
Wednesday’s chart: more euro core decoupling
“Germany, once more, detached itself from the deterioration observed in the rest of the eurozone economies with a solid services industry record, supported by good new demand figures.” And increasingly, France gets included in the rest.
JP Morgan concerned about French deficit
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