Spanish banks covered €16 billion of failed smaller entities’ bill
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.
Markets
Future European banking rescue package limited at €60 billion
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.
Spanish CIE Automotive midcap to be listed in Bombay’s market
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.
The presumption of US resumption of growth
SAO PAULO | By Marcus Nunes | This “resumption of growth” view has spread like ‘bush fire’. But why?
Has the Japanese monetary experiment failed?
MADRID | By Miguel Ángel Rodríguez, analyst at XTB | valenciaplaza.com | Has the Japanese experiment failed? Under the stress of some political pressures, Japan may have rushed into an expansion of its monetary base without all the due protections.
German savers should fear Berlin, not the European Central Bank
MADRID | By Luis Martí | The German government could also be drawn in as an expropriator of sorts: it is still an issuer of debt at a real yield equally negative for their nationals.
Abengoa agrees sale of Befesa for €1 billion
MADRID | The Abengoa-Triton deal values Befesa at an enterprise value of €1,075 million.
EBA guidelines for fair mortgage lending come too late
MADRID | By JP Marín Arrese | Banks should enforce the sooner the better these EBA guidelines if only to avoid transforming their credit portfolio into real estate heavily undervalued.
European banks and the bailout tag
MADRID | By Francisco López | In spite of the frequent denials coming from Madrid, though, using that cash–officially it isn’t called a banking rescue but “financial assistance in favourable conditions”–would be a clever thing to do.
Bundesbank’s criticism of ECB’s bond-buying scheme
MADRID | By Luis Martí | What is worrying is the Bundesbank attitude of permanent and frank opposition to the initiatives of the ECB to overcome the crisis, being against any flexibility and realism that the economy is needing.