Interviews

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CER: “creditor core euro countries shouldn’t be absolved”

By Julia Pastor, in Madrid | British pro-Europe think tank Centre for European Reform (CER) has published a study in which they assure that the debt crisis is not only the peripheral countries’ fault, the so called Club Med, but also a consequence of core countries’s, such as Germany, economic practices. The essay by experts Simon Tilford and Philip Whyte, is entlited  “Why stricter rules threaten the eurozone.” “The interpretation…



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“Our debt is owed to each other, Europe’s fundamentals still are sound”

The chairman of Telefónica César Alierta defended at the opening of the Latibex Forum the strength of the European economy. Here is an extract from the Cinco Días chronicle of the event, with some interesting statements made by Mr Alerta. “César Alierta, chairman of Telefónica, said that the Spanish operator is the largest investor in Latin America, adding that this year it will invest more than €5 billion. Mr Alierta…


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Has Ana Botín conquered the City?

The business daily Cinco Dias today devotes an article to Santander UK’s CEO Ana Patricia Botín: the difficulties she faces, as well as the achievements and the respect she has earned in the City since she arrived to London a year ago with the intention of turning Santander UK into the most profitable entity in the United Kingdom, and ultimately after her father decides to retire, her taking over the largest bank…


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Santander’s chairman Emilio Botín: no to indiscriminate recapitalisation

We suspected that our readers might be interested in some of the remarks that Mr Botín made today during the IV International Banking Conference in Boadilla del Monte, so here you are a few highlights to discuss. On economic cycles: “This crisis reminds us of a number of things: cycles are not a thing of the past, liquidity is not always abundant and cheap and at times it can even disappear, financial…


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Santander's chairman Emilio Botín: no to indiscriminate recapitalisation

We suspected that our readers might be interested in some of the remarks that Mr Botín made today during the IV International Banking Conference in Boadilla del Monte, so here you are a few highlights to discuss. On economic cycles: “This crisis reminds us of a number of things: cycles are not a thing of the past, liquidity is not always abundant and cheap and at times it can even disappear, financial…


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Murdoch: the actual scandal

By Antonio Arroyo, in Madrid | All around the world, rivers of ink on the Rupert Murdoch affair continue to flow, but what most articles keep on ignoring is what may prove to be the hot potato of Mr Murdoch’s problems as the public opinion is not aware of ​​the corporate network that allows the magnate to circumvent –legally, of course– the tax charge that would be due according to…


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Buffett, the socialist

You’ve certainly read by now Warren Buffet’s op-ed column in The New York Times “Stopping to coddle the super-rich”. Mr Buffett talked about raising the tax rate to the “rich” and “super-rich” in an effort to reduce the huge deficit in the US. While in Europe some members of the wealthy elite –like Maurice Lévy, chairman and chief executive of the French advertising firm Publicis or multimillionaire chairman of Ferrari…


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Here’s why Rupert Murdoch can yet cause the UK to lose its triple A

That phone-hacking case, which has already led to the end of a newspaper that every morning scored more than 2.5 million readers after nearly 170 years of history, is now spiralling. It will sooner or later destabilise the British coalition government, and its impact on the markets will replicate the US' recent misstep. LONDON | The lesson former Crown correspondent at News of the World (NOTW) Clive Goodman has taught Rupert…