The entire eurozone watches you: what Draghi said to Spain’s MPs
MADRID | Highlights of the speech by Mario Draghi, president of the European Central Bank, meeting Tuesday with members of the Spanish Parliament.
Markets
The Days of Engaging Russia Are Over
According to Alexander Golts, the Munich Security Conference marks the lowest point in US-Russia relations for the past 20 years.
“German banks haven’t been supervised the way the Spanish have”
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.”
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?
Who cares about Spain’s external deficit?
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.
Botín, the FT and the age limit for bankers
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 Monte dei Paschi effect
The contagion chain between Italy and Spain in the troubled eurozone’s periphery seems to have left Madrid virtually untouched.
Playing with fire leads to the US blaze
MADRID | In a year where most developed economies are engaged in austerity packages, contagion from a weakened US economy poses a real problem.
European real estate could see price recovery despite periphery divide
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.