NICOSIA |By Marios Zachariadis via MacroPolis | Policies undertaken from a narrow national perspective that encourage systematic fiscal surpluses, coupled with a national consensus on wage suppression between unions and industry facilitated by the state, impact negatively upon domestic spending while increasing national saving.
ATHENS | July 23, 2015 | By Jens Bastian via MacroPolis | Now that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks – although domestic and external capital controls – continue, it is appropriate to take stock of the situation and inquire where do we go from here.
The Corner | July 23, 2015 | Spain unemployment fell by 295,600 people, or 5.4 % in Q2 from Q1. It is the second major Q2 drop since at least 2008, according to the Active Population Survey.
BRUSSELS | July 22, 2015 | By Alexandre Mato | Since the transfer of a €7 billion bridge loan, Greece has started negotiations with its international lenders and euro partners to complete a third rescue programme lead by the ESM. To repay its external obligations in August, the country will need a further multi-billion euro support from the EU.
MADRID | July 22, 2015 | By Judith MacInnes | British Prime Minister David Cameron’s ploy to make a grand presentation on his plans for European reform at the June 26 Euro Summit was scuppered by the escalating Greece crisis.
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.