The Corner | July 21, 2015 | Spain’s total public administration debt stood at €1.040 trillion at end-May, up €7.890 billion from a month earlier and representing approximately 97.4% of gross domestic product (GDP), according to the Bank of Spain. The government expects public debt to reach 98.9% of GDP in 2015.
MADRID | July 21, 2015 | By JP Marín Arrese | Once the eurozone has overcome its Greek imbroglio, at least temporarily, the next unsettling move will come from the Fed’s widely expected rate hike.
MADRID | July 20, 2015 | By JP Marín Arrese | Emergency loans to ensure Greece pays back its sovereign commitments in the coming weeks might fail to save it from the dire financial collapse it faces.
BARCELONA | July 17, 2015 | By Joan Tapia | The lowering of the income tax while taking money from the country’s pension funds can only be justified as a way to inject optimism before the election.
MADRID | July 16, 2015 | By Fernando G. Urbaneja | To doubt German solidarity is to deny the evidence. To do it from Spain shows ignorance or bad faith. Merkel has proven she wants and can support the welfare state, firmly established in Germany for decades.
John Bruton | If Greeks themselves do not trust their own government and banks with their money, it is difficult to expect the taxpayers of other countries to do so. Yet that is what critics of the third Greek bailout seem to expect.
LONDON | July 16, 2015 | Barclays | The Greek parliament passed a package of measures as part of its bailout agreement, with the focus now shifting to whether the ECB raises the ELA ceiling. The Governing Council meeting is also scheduled for today, and we expect the press conference to be focused on Greece.
ATHENS | July 15, 2015 | By Manos Giakoumis via MacroPolis | Among the measures the Greek government has committed to legislate by July 22, according to the Euro Summit statement is the transposition of the Bank Recovery and Resolution Directive (BRRD).
MADRID | July 14, 2015 | By JP Marín Arrese | The Greek deal has dashed any hopes the eurozone might evolve into a more inclusive area.
The Corner | July 13, 2015 | After all-night talks in Brussels to reach a third bailout loan for Greece, a unanimous agreement was reached, European Council President Donald Tusk said. “It’s a good step to rebuild confidence,” IMF head Christine Lagarde said as she emerged from the meeting.