By Julia Pastor, in Madrid | The eventual coming out of green shoots within the dark scenery outlined by the world economy is well worth a mention. The analysts at the City of Madrid emphasise three good macroeconomic figures. Particularly, Santander refers in their analysis to Europe’s PMIs, which even in recessive zone at 48.8, compared to previous 46.9 of December, are standing at their highest mark in the last five…
By Juan Pedro Marín Arrese, in Madrid | Economics is not a science but rather a common sense attitude. An open mind approach is vital to grasp its core meaning. Policing it shouldn’t be handed over to people too fond of rigid rules. Let the Germans have a go at it and you’ll end up with a neutral fiscal and monetary stance all year around. No policy at all, in fact….
By Tania Suárez, in Madrid | “Greece must make up its mind”, warns the federal minister of Finance in Germany, Wolfgang Schäuble, from an interview for The Wall Street Journal. Schäuble states that the euro zone could refuse to grant Greece a new bailout and, if it did so, it would be pushing the Greeks to a default. Schäuble has decided to demand the permanent presence of a EU Commissioner…
LONDON | The average family debt in the UK, excluding mortages, has increased by 48% in the past 12 months despite improvements in general levels of income. The latest report from Aviva, an in-depth study into the financial needs of the 84% of the British population who live as part of a modern family, shows a worrying portrait of a middle classes’ lifestyle deeply affected by the current economic climate. Aviva’s…
