In Europe

Alemania PIB 1

German economy continues to face structural challenges, especially in industry and private investment

Bankinter | The ZEW economic sentiment survey showed somewhat mixed data in February. Expectations fell to 58.3 from 59.6 (against 65.2 expected), while the current situation improved in line with expectations to -65.9 from -72.7. The overall indicator remains stable, signalling that the German economy is entering a still fragile recovery phase. Bankinter analysis team’s view: The largest economy in the European bloc continues to face structural challenges, especially in…

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Croatian Boris Vujcic in running to replace de Guindos as ECB Vice-President, leaving Spain’s options for presidency open

Bankinter | Yesterday, the Eurogroup, made up of EU ministers of economy and finance, approved the appointment of Vujcic, current governor of the Croatian central bank, as the next Vice-President of the ECB. Vujcic, who has a distinctly hawkish tone, won enough support over other candidates such as Centeno (Portugal) and Rehn (Finland). De Guindos’ term expires next May, marking the start of a process of renewal of senior positions…