Brussels rolls Tobin tax back
MADRID | By Quesada Vargas | Brussels would have taken the Tobin tax a few steps back under pressure coming from the largest financial entities and global investors.
MADRID | By Quesada Vargas | Brussels would have taken the Tobin tax a few steps back under pressure coming from the largest financial entities and global investors.
MADRID | By Luis Arroyo | Why is the ECB not announcing further interventions, helping investor confidence to recover, offering strangled banks liquidity until they start providing credit again?
MADRID | By Julia Pastor | Luis Benguerel at Interbrokers: “Everybody knows the weaknesses of the German banks, which still hold some 2007 US subprime credit.”
MADRID | By JP Marín Arrese | So long Germany maintains a staunchly depressed environment, Brussels fiscal advices with no plan to boost employment and growth will soon run out of steam.
MADRID | By Carlos Díaz Guell | Federal funds’ main interest rates, currently at 0% and 0.25%, are likely to remain untouched. Why? The Fed explained it wouldn’t increase them unless unemployment rate falls.
Former Irish Prime Minister John Bruton believes the response to the financial crisis has been ever more complex financial regulations. For him, that is a mistake, since they carry huge economic costs, divert talent, time and money away from productive activity and don’t make the European economy more competitive.
MADRID | By JP Marín Arrese | Unless financial solidarity is well entrenched, the Banking Union’s effectiveness ranks close to zero.
WASHINGTON | By Pablo Pardo | Let’s not forget, it was the Federal Reserve, through its massive liquidity injections, that saved the German banks in 2008 and again in 2010 and 2011.
VALENCIA | By Luis A. Torralba at Valencia Plaza | Hedge Fund GLG Partners earned 1,7 million euros on Thursday with Bankia stocks while small investors are about to lose everything. Spanish regulator CNMV is investigating volumes.
BARCELONA | By CaixaBank Research | Corporate debt has fallen from the peak of 1,495 billion euros recorded in 2010 (144.4% of GDP) to 1,372 billion in the fourth quarter of 2012 (131.7% of GDP).