Disarmed austerity
MADRID | By Luis Arroyo | Since Quantitative Easing programmes began, the dollar has been strengthened, that is, its price has gone up against the most used currencies in the international markets.
In the World
Who is to blame for US economic troubles?
NEW YORK | By Ana Fuentes | Americans blame Bush more than Obama, who seems to be benefiting from the current economic stability. However, everything could change once the Fed stops injecting QE steroids.
Tuesday’s chart suggestion for the Eurogroup: the US is generating jobs
LONDON/MADRID | Eurogroup leaders must be helplessly looking at the other side of the Atlantic with at the very least a moderate degree of envy: job numbers are improving at a pre-crisis rates.
U.S. hegemony is better than none
MADRID | By Antonio Arroyo | The U.S. is undoubtedly the world’s military leader: 40% or the world’s defence spending comes from the country and since 9-11 attacks the budget has been increasing until 2011 cuts. Although worldwide criticized by its espionage programs, the U.S. remain sort of a global moderator, which in the author’s opinion is better than having several countries doing the same or no referee at all.
Yes, libertarians’ capitalism has failed
MADRID | By Luis Arroyo | So-called libertarians sell mostly smoke: their conception of individuals isn’t real, their economic model is ideology.
The US-EU trade talks lose steam
MADRID | By JP Marín Arrese | The real task facing negotiators is tackling the non-trade barriers. Divergent regulation on goods and services represents a formidable hurdle for exporters on both sides of the Atlantic.
Egypt coup endangers its natural resources
By Antonio Sánchez-Gijón, via capitalmadrid | In little more than fifty years, Egypt has gone from being the country with almost absolute power to regulate the use of the Nile, to be forced to negotiate with all countries upstream.
Finally: the ECB would charge banks that leave their money in Frankfurt
MADRID | By Francisco López | In an attempt to end the financial fragmentation of the markets, the ECB makes banks to move their money injected via QE. From now on, marginal lending facility of the ECB would cost them money. The German banks have 100,000 million deposited with the ECB.
July 4: when you travel just to buy your fireworks
NEW YORK | By Ana Fuentes | With July 4 final preparations underway, millions of Americans bought their BBQ coal and burgers days ago. Their flags and beer coolers are all set, as well as their Independence-Day-customized backyards. But what about fireworks? Since purchasing them is forbidden in some states, people travel just to get them.
Snowden won’t find asylum in the EU
By Ray Kwong | Much as he might like to, Edward Snowden won’t be sightseeing in Paris, Rome or Barcelona any time soon.