Spain’s foreign sector brings good news
BARCELONA | By CaixaBank | Exports to countries outside the euro area rise by 14.5% year-on-year. Spain’s net debt position with the rest of the world falls to 93.7% of GDP.
Markets
Switzerland, Spain top investing recommendations of Morgan Stanley
Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members.”
Details published on the Spanish «bad bank» Sareb
By CaixaBank | To restore the flow of credit to the real economy in Spain, it’s crucial for the bank restructuring process to be successfully completed over the coming months.
Ibex 35 prices could increase by 15pc if sovereign spreads falls under 300bp
A sovereign spread lower than 300 basis points could have a positive impact of Ibex share prices going up by 12 percent to 15 percent, Afi experts said.
Spain’s banking industry is no loser
MADRID | As 3 out of 4 entities will be sold to solvent banks, buyers will get a real bargain in the ensuing merger process. But then, Bankia is still here.
Is the euro zone stabilising?
In the euro zone, cash in circulation, and short-term and long-term bank deposits, money market funds grew at a year on year rate of 4 percent in October.
European investors run into peripheral bonds for their money
Institutional investors may be getting their hands in higher-yield sovereign bonds to increase their results, but there are some financial reports of improving macroeconomics for the euro zone.
Mr Carney and his charts
A less leveraged banking sector has helped Canada to find its way towards economic recovery. But the more aggressive monetary policies of its central bank also explain the success in dealing with the current crisis.
“Greece needs use drachma with euro to balance its accounts”
MADRID | An interview by Tania Suárez | The Greek labyrinth does have an exit, but creditors must acknowledge there are losses to bear. After all, says Hanseatic Brokerhouse’s director Gabriel Montalto, a so-called Grexit would force Germany to assume up to 80 percent of losses.
Eurogroup’s official statement on Greece: more time, more pain
The Eurogroup recalls that a full staff-level agreement has been reached between Greece and the Troika on updated conditionality programme and that, according to the Troika, Greece has implemented all agreed prior actions.