By Revista Consejeros | Roberto Higuera, deputy president of Banco Popular: “When they had trouble with Hypo Ryal more than €100 billion were needed, whereas in Spain it turned out that we could do with less than €40 billion. What marked the difference is that Spain had to ask for help, while Germany put the money from its own pocket.”
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.
While emerging countries moderate interest rates to keep their currencies favouring exports and economic activity, the euro is appreciating. Does it makes sense?
Spain tends to be one of those countries with external deficit as it is in need of capital goods. And this is all right if it’s financed with, say, direct investments.
MADRID | By Carlos Díaz Guell | “The FT’s addiction for obsessive and empty criticism over most euro periphery and particularly Spanish matters is getting boring but, nevertheless, worrying.”
The contagion chain between Italy and Spain in the troubled eurozone’s periphery seems to have left Madrid virtually untouched.
MADRID | In a year where most developed economies are engaged in austerity packages, contagion from a weakened US economy poses a real problem.
Amid the generally gloomy economic statistics, however, and much to many commentators’ surprise, there is a whiff of optimism in the air in Europe that could prop up the European real estate markets.
The Worden Report | Expertise in reducing the tax US banks pay in Europe does not make up for the greater ineptitude at those banks, so there is a significant possibility that they will go under.
The ICO debt sale was further confirmation that investors’ fears have abated, as the Spanish government said it had already assured almost 9.5 percent of all market credit needed in 2013–that is €11.4 billion.