MADRID | The relaxed atmosphere in a seaside resort has undoubtedly helped coming to terms with a number of common sense goals. But delivery might prove more gruelling than expected. You don’t need to cross the Atlantic and be lectured by President Obama to concede that unwinding the feedback between financial and sovereign risks stands as a key requirement. Or to accept that current Spanish and Italian risk premium should be…
LONDON | Unlike the rest of planet? London businesses are more optimistic than six months ago about the prospects for the economy and for their own companies. The CBI/KPMG London Business Survey is conducted twice a year to monitor the views of business on London as a place to do business. Encouragingly in the latest survey of 264 companies, 41% of respondents say they feel more optimistic about the economy during the…
By Julia Pastor, in Madrid | On Tuesday, financial analysts at Link Securities commented that “Spain would be in the spotlight of present week political contacts”, of course, in a clear reference to the G-20 meeting at Mexico. “Discussions held there will largely focus on the country’s situation.” And that is exactly what has happened. Spanish president Mariano Rajoy arrived in Mexico with the aim of putting on the table…
MADRID | Any train traveller knows by heart the stern warning on the danger that lies in leaning out. Italians seem to pay due attention to this caution, living permanently in a risky environment. Downplaying their own problems has led them to slip to second line positions leaving Spaniards as forerunners of the raging euro battle. Spain has behaved in a most divergent way. Confronted with a looming banking crisis,…
how to get your ex girlfriend back By www.consensodelmercado.com, in Madrid | Europe has been immersed in a long and complex change process for the last three years. The global currency department at JP Morgan has published a report marking out the path that Europe should be following in the medium and long term. It expects a main scenario in which no country member leaves the euro, but in which…
http://exbacksms.com/ How to win back your ex euro area's GDP shrinks by -0.3 percent. The survey's results for the whole European Union, understandably, spells pessimism, too: it has fallen from -2.4 to -20.1, due not only to perceptions of the current situation but also to how the medium term looks like. zp8497586rq
Hourly labour costs in the euro area rose by 2.0% in the year up to the first quarter of 2012, compared with 2.8% for the previous quarter, Eurostat reported today. In the European Union, the annual rise was 1.7% up to the first quarter of 2012, compared with 2.7% for the previous quarter. In the euro area, wages and salaries per hour worked grew by 2.0% in the year up to…
LONDON | UK firms are this week seeking new businesses in Baltic States and Finland. The British trade and investment minister, Stephen Green, is in a visit to Latvia, Lithuania, Estonia and Finland that began Tuesday, focused on developing trading links with the UK and attracting new investment. Exports of goods and services from the UK to the four countries visited this week totalled more than £3.6 billion in 2010, while…
After significant falls in 2010, European Union foreign direct investment flows more than doubled in 2011, the statistical office Eurostat said on Wednesday. The EU foreign direct investment flows to the rest of the world reached €370 billion in 2011, after having decreased from €316 billion in 2009 to €146 billion in 2010. Foreign direct investment into the EU27 from the rest of the world were at €225 bn in 2011, after having…
By Tania Suárez | Vassos Shiarly, minister of Finance in Cyprus, admitted Monday night that his country would urgently need a bailout. The Wall Street Journal and the Financial Times refer to several European officials who have said that this rescue would rise to €3 billion to €4 billio. Shiarly said that “This issue is urgent. We know that the recapitalisation of the banks (in Cyprus) must be finished by June…