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European economy

Atlantia vs Hochtief for Abertis

European economy 11th April 2022

Italy Has Reinforced Power Until End-Year To Veto ACS And Its Partners In Atlantia.

The management of the Italian airports of Fiumicino and Ciampino, and the control of the toll payment system Telepass, make Atlantia a strategic company for Italy, as the Spanish newspaper 5 Días recalls today. And Mario Draghi’s government, according to various stock market analysts, will not hesitate to use all its influence to prevent the infrastructure operator from ending up in foreign hands. This is one of the barriers threatening…

Euribor2

European economy 6th April 2022

Euribor, Another Tsunami On The Way

Fernando González Urbaneja | Uncontrolled inflation, in Spain and in Europe, leads to an immediate monetary response in the form of a less accommodative central bank monetary policy, i.e. less money available and a higher price for that dwindling money. Implementing such a policy is not easy, it is necessary to mix rigour with gentleness, with temperance. The risk of going too far is as real as the risk of…

CalvinoandKaag

European economy 5th April 2022

Brussels Believes That The Proposal By Spain And The Netherlands To Reform European Fiscal Rules “Goes In The Right Direction”

The proposal to reform fiscal rules presented by Spain and the Netherlands to the Eurogroup on Monday has been warmly welcomed. The European Commission likes what the document says. “It’s going in the right direction”, said the Commissioner for the Economy, Paolo Gentiloni, at the end of the Eurogroup meeting on Monday, in which all the finance ministers of the euro area are represented. The Italian also acknowledged that the…

Mind The European VAT Gap

European economy 31st March 2022

Inflation In Europe: From 5.1% In France Or 5.5% In Portugal To 9.8% In Spain… To 13.9% In Lithuania

It is true that there are economies in the eurozone with greater problems than Spain’s and whose prices are much higher, such as the three Baltic republics – Lithuania (13.9%), Estonia (12.4%) and Latvia (8.9%) – as well as Belgium (9.6%) and Slovakia (8.2%). But the rest are on a par… or below. In Germany, year-on-year inflation is already at 7.3% after rising 2.2 points from February. It is the…

ECB bonds

European economy 30th March 2022

The Capital Plans The ECB Will Require Banks Due To The War In Ukraine is not To Harm Dividends

Renta 4 | The ECB plans to require banks to include the effects of the war in Ukraine in the internal capital adequacy assessment process as it is dragging on longer than expected. The ECB wants banks to include analyses of various scenarios on the impact of second-round derivatives as a result of the war, such as downward revision of economic growth. Opinion: We consider the ECB’s request to be…

Black Spanish olives could lose practically the entire US market

European economy 29th March 2022

Total European Olive Oil Sector Production Could Rise +7% Compared To 2021

Intermoney | Italy starts the spring season affected by drought in the northern part of the country and higher than expected temperatures during the winter months. Authorities estimate a water deficit between 50%-90% compared to 2021, with particular declines in the Piedmont and Veneto regions. The Po river has suffered falls of more than three meters in certain points, which, together with the distortion caused by the unseasonal heat to…

Cereals

European economy 25th March 2022

War In Ukraine Does Not Jeopardize Wheat Supply In Europe: EU Has Its Own Granary

Ángel Luis González Esteban (The Conversation) | The Russian invasion of Ukraine has raised fears about the supply and prices of wheat, an essential foodstuff for millions of people. Numerous headlines have echoed the international escalation of prices, while popularizing the expression the breadbasket of Europe to refer to Russia and Ukraine. Will there be enough wheat for everyone? It is somewhat ironic to ask this question in the European…

Nordstream

European economy 24th March 2022

Russia Has Increased Gas Supplies Since Invading Ukraine (While Gazprom Has Withdrawn From The Spot Market In Europe)

ASE Group | Russian gas supplies to Europe from Russia have increased since the war broke out because of long-term contracts, in place between European buyers and Russia’s Gazprom, which include strict commitment clauses. All parties are committed to respecting them or face serious losses. This is why Grazprom is avoiding direct economic sanctions from Europe.In any case, Russian flows are not back to normal for this time of year….

Climate changes risks

European economy 23rd March 2022

No European Bank Meets The ECB’s Expectations On Climate Risk Reporting

Fernando Rodríguez | “Although there have been improvements since the first assessment at the end of 2020, no bank fully meets supervisory expectations” on environmental and climate risk reporting, according to the latest report of the European Central Bank (ECB) with data analyzed as of November 2021 on 109 entities under direct supervision. Although more than 70% of banks provide information on how their boards of directors monitor these risks…

edf central

European economy 20th March 2022

Europe Rethinks Nuclear Power As Longer-Term Fix To Market, Climate, Security Challenges

Sebastian Zank & Anne Grammatico (Scope Ratings) |New investment in nuclear power could help Europe stabilise diminishing supplies of baseload electricity as coal and old nuclear power stations close – without relying just on natural gas as an alternative – but only in the longer term. Nuclear reactors with a total capacity of more than 20 GW are scheduled for decommissioning by 2030. Europe had a double energy challenge – even…