Emerging Europe is no brighter spot
By CaixaBank research | In emerging Europe, has the slowdown touched bottom? The bulk of the evidence available suggests that it hasn’t and that the fourth quarter will be worse than the third.
Markets
The Draghi speech in six charts
MADRID | JL Martínez Campuzano, of Citigroup in Spain, dissects yesterday’s speech of Mario Draghi. Some lights seem to be shedding hope over the eurocrisis, but it is a hard work in process.
Spanish economy’s net financing reaches 14-year high
Spanish economy’s agents have prioritised the reduction of their debt burden, and businesses’ savings have increased by 6.1 percent.
Happy risky 2013
MADRID | by Citigroup’s José Luis Martínez Campuzano | “There is, unfortunately, some shared ground between Europe and the US: the apparent impossibility to reach major political accords on economic policies.”
The City warns the US over kicking the fiscal cliff down the road
The figures don’t look too good. Raising taxes on the rich and simply delaying spending cuts for a paltry two months are going to do little to remedy the humongous US debt problem which amounts to over $17 trillion.
The future of the Spanish banks
MADRID | By Carlos Díaz Guell | The Spanish bank’s bailout, added to the reforms and decisions made during the last years, can effectively complete the country’s banking puzzle and halt the worsening of a seemingly never ending crisis.
Draghi is a drag on Bernanke
The ability of central banks to raise investors’ confidence is wearing off. More so when the European Central Bank has become a liability for the US Federal Reserve.
US Treasury shows Brussels how it’s done
Do you remember the vast injections of public cash in insurer AIG and the TARP operation to clean banks’ balance sheets? They cost American taxpayers no penny at all, and have now been completed with success. Hello, Brussels, anyone listening?
The Spanish banks under single European supervision
Over 80 percent of all Spanish deposit banking institutions–six of them systemic–will be inspected by the European Central Bank from 2014.
Spain’s public deficit deviation covered
Total gross issuance had to reach €199.5 billion, but the government had placed €200.9 billion of sovereign debt as of Wednesday.