UK banks: bad news, no comment
LONDON | By Victor Jimenez | The British Parliament seeks to reorganise management at UK banks so it’s possible to point at specific staff and board members and try them in court.
In Europe
Banking union: advancing in fits and starts
BARCELONA | CaixaBank research | The German proposal for an alternative Banking Union are destined to fail: mere cooperation between national authorities would not guarantee that decisions are taken in the interest of Europe’s financial system as a whole.
Praising Germany’s economic model
VALENCIA | Spanish entrepreneur Miguel Pallardó praises Germany’s economic model in this op-ed for Valencia Plaza. He believes Berlin, with its free-market, easy hiring policies, betting on export and investment (and not public spending), reducing public debt and training workers is doing more for the common good than peripheral countries, which he finds too interventionist.
Investment is crucial for growth
BARCELONA | By CaixaBank’s chief economist Jordi Gual | For an economy such as Spain’s that needs sustained flows of international capital, a crucial element will be its capacity to attract new international investment with a medium and long-term view.
A social Europe requires change for the young generation
By Berthold Huber, chairman of the German trade union IG Metall | When a significant percentage of the young generation continues to be excluded, youth employment undermines the very foundations of the European welfare state.
Spanish companies’ foreign investment reached 45% of GDP
MADRID | By Jorge Chamizo | capitalmadrid.com | The Spanish economy is in a better position to exit the crisis than it ever was 18 years ago. Capita income currently doubles that of 1995 and contributions to the social security system is much higher, too.
How Brussels austerity killed our economy
MADRID | By Luis Arroyo | If we are a monetary union, there can be no buts or ifs. Spain needs capital to implement its reforms and restore its economy.
Poland, a new promised land
WARSAW | The tables have now turned for job seekers in Europe. As austerity and unemployment drives young people from Spain, Portugal, Italy and Greece in search of work, Poland is rapidly becoming an attractive destination for international job hunters.
Would you work in Germany for €1.32 an hour?
FRANKFORT | What are the ingredients of that Germany’s economic magic potion? There is one worth bearing in mind: the dismantling of the social welfare.
Italian exports too little for ailing economy
MADRID | By Julia Pastor | Unlike Spain, where the external sector is supporting the economy, Italian exports fell by 1.9% in 1Q13, its worst register from 1Q09. The country’s GDP dropped by 0.6%, and April’s industrial production by 0.3%.