MADRID | By Ricardo Cantalapiedra | A Southern European countries coalition is necessary to counterbalance the troika’s power.What would happen if more countries asked Russia, or even China, for help?
So long stiff capital control measures are in place the economy will enter into a free-fall. But as soon as they are lifted, the run on accounts might likely lead to a banking collapse.
BARCELONA | CaixaBank researchers | The euro area’s drop in GDP was slightly more than expected. The European Commission expects a 0.3% drop in GDP in 2013, but the latest economic figures point to a slow recovery.
By CaixaBank analysts | The unemployment rate remains stable in December at 11.7%. Germany’s good performance slows down job losses in the euro area.
Among the 41 regions exceeding the 125% level, eight were in Germany, five each in the Netherlands and Austria, four in Belgium, three each in Spain, Italy and the United Kingdom, two each in Finland and Sweden, one each in the Czech Republic, Denmark, Ireland, France and Slovakia, as well as the Grand Duchy of Luxembourg.
NEW YORK | The institution that UK government is thinking of establishing, similar to US giant government controlled agencies Fanny Mae and Freddie Mac, will improve the housing market and therefore the economy. But it comes with the risk of a bubble.
Presseurop.eu | By Ferruccio Sansa and Emiliano Liuzzi | The comedian’s Five star movement was the revelation of last Italian election. Its anti-establishment views and “digital democracy” methods are shared by many political movements across the EU, and they could form a common front at the European elections in 2014.
LONDON | While the average German bank deposits have returned some $130 per $1,000 since 2008, the Cypriot figure almost doubles it. Yield information like this throws a very different light over what is happening this week in Cyprus.
NEW YORK | If the same deal had taken place on this side of the Atlantic during the TARP (bank rescue program), some US media stated on Monday, we would have seen the Armageddon.
MADRID | By Antonio Sánchez-Gijón, capitalmadrid.com | This so-called “best solution” brings a huge question marked attached to it: how secure are bank deposits in Italy, France or Spain?