LONDON | By Barclays analysts | France’s macroeconomic situation does not look that bad and on average the country compares well with other developed economies. It does not suffer from a major imbalance in terms of yearly flows (trade, finances, etc). However, weaknesses, perniciously accumulating over the years, have now been laid bare by the crisis.
MADRID | By JP Marin Arrese | Last Tuesday, Ireland raised € 3.75 bn on a 10-year bond issue, for the first time since it exited the bailout scheme last month. Investors’ appetite run high as offers placed reached roughly four times that figure. The yield stood at 3.54% showing that confidence is swiftly pulling back to fair standards. It was a gorgeous day for the island’s economy as Dublin was able to cash half of government’s funding needs for the whole year, at such a reasonable cost.
ATHENS | By Nick Malkoutzis at MacroPolis | Greece has entered its year of growth and recovery. At least that is how the government, its eurozone partners and a number of commentators have billed 2014. Many analysts and politicians also insisted last year that the country had begun this upward trajectory. In reality, though, Greece’s narrative was far from linear in 2013. There is no reason to believe this year will be a straight story either.
FRANKFURT | By Lidia Conde | The oldest German private bank, Bankhaus Metzler, was founded in 1674 and is managed by Friedrich von Metzler. Emmerich Müller is partner and member of the Executive Board, and he believes that private banking and heritage conservation for generations are key questions in a country with a rich heritage and a large number of wealthy people.
BERLIN | By Alberto Lozano | While the euro zone jobless rate reached 12.1 percent in October, Germany has promising news for itself: national labor market is expected to create about 180,000 jobs in 2014. Why is this happening?
MADRID | By Álex García.
MADRID | By Julia Pastor | The UK is the European country which has given more financial support to its banking sector with €82.000 millions since 2008, followed by Germany (€64.000 millions), Ireland with €63.000 and Spain with €60.000, according to an European Comission’s report.
MADRID| By The corner team via Presseurop|In a time when Europe is trying to reinforce its identity it is very difficult to understand that the European Comission has decided to end its financial support to such an intelligent project as Presseurop, the first Pan-european multilingual news and debate site. Its closing down on Friday marks the end of a journalistic experiment with civic dimension, says the European press.
MADRID | By JP Marin Arrese | The agreement reached on a common backstop for ailing banks in the Eurozone comes utterly short of expectations.
MADRID|Rafael Poch at La Vanguardia via Presseurop|At the start of her new mandate, Angela Merkel is putting the emphasis on Europe. And, as always, Europeans are expecting a lot from her. Will she go down in history as one of the great chancellors? It all depends on what happens in Europe.