SAO PAULO | By Marcus Nunes | “The past few days have made it overwhelmingly clear that the Fed is steering this recovery. That should be comforting; all it has to do is steer things in a more expansionary direction! But it isn’t.”
MADRID | By Luis Arroyo | Monetary policies are a by-product of politics, after all, and in Europe, politics are tightly controlled from Berlin, which will probably use the Fed’s reaction as example of what the ECB must do.
BARCELONA | By CaixaBank research | In spite of improvements, access to financing is still a problem for the periphery’s business sector. Specifically, 22% of SMEs in periphery countries state that access to financing is their main problem compared with just 11% in the core.
WASHINGTON | By Pablo Pardo | Maybe this time Bernanke is just trying to provoke a mini-crash to lay the foundations for a progressive withdrawal of the monetary stimulus in 2014 or, maybe, 2015.
BARCELONA | By CaixaBank research team | A significant narrowing of spreads has been decisive in reopening a window for corporate bond issuance in the periphery countries which is still open today.
MADRID | By JP Marín Arrese | Depriving the ECB of the capacity to deal with ailing entities does undermine its authority as a supervisor in a Banking Union.
MADRID | By Raimundo Poveda, former director general of banking regulation at Bank of Spain | Liquidity ratios may be Basel next error: a compulsory ratio of liquidity that shall enter into force in 2015.
SANTANDER | By A. Laso | Spanish banks association’s president is optimistic about weak entities paying back future help packages after they are restructured into the private sector.
LONDON/MADRID | To compensate the news of a banking bailout limitation, the Eurogroup today may bring up a few tricks: the protection of SMEs’ non-guaranteed deposits of up to €100,000.
MADRID | By Julia Pastor | Car components company CIE Automotive will merge its forging plants in Spain and Lithuania with Indian group Mahindra. The resultant company will be named Mahindra CIE. This strategic alliance will enable CIE to double its current sales of €1.6 million.