US banks must be kidding the EU
The Worden Report | Expertise in reducing the tax US banks pay in Europe does not make up for the greater ineptitude at those banks, so there is a significant possibility that they will go under.
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Eurozone attracted more foreign direct investment than US, LatAm in 2012
Uncertainty is driven by a scenario with lower growth rates for GDP, trade, capital formation and employment, and by a number of perceived risk factors related to the Eurozone crisis, and the United States fiscal cliff.
Who wants to celebrate the Elysée Treaty?
Presseurop.eu | By Arnaud Leparmentier | Paris and Berlin may be celebrating the anniversary of the Elysée Treaty, which founded their reconciliation, but their marriage has hit the rocks. The French are making faces at the economic success of the Germans, who aren’t holding back when it comes to pointing out the weaknesses of their neighbours. But we have to keep the love alive.
Spain, Ireland set to ease taxes on real estate investment trusts
The experiences of past financial and real estate crises suggest the most efficient market restructurings are achieved through fresh equity and debt-restructurings rather than selling debt at steep discounts to face value.
The return of the Spanish mortgage-backed bond
BBolsa analysts said this could be “a first step towards the stabilisation of the real estate asset-backed debt market in Spain, and housing market.
Brazil, China pull Heathrow airport to new passenger number record
LONDON | 5.6 million passengers passed through Heathrow in December, a record for the month and up 2.0% on December 2011. This took the number of passengers for 2012 to almost 70 million, the highest ever for a calendar year at Heathrow, and an increase of 0.9% compared with 2011.
I want a Spain bailout, now!
The country resists. During the last three years, exports grew at almost the same pace than North America’s, around a 20%.
Telefonica’s Julio Linares: “Spain has regained 50pc of productivity”
MADRID | By revistaconsejeros.com | “Which positive signs? Well, for instance, in 2009 and 2011 our exports grew a 36% what constitutes a biggest percentage than that of Germany, Italy or France.”
We still need a Banking Union in 2013
By Miguel Ángel Rodríguez, XTB analyst | The toxic assets aren’t just linked to real estate and construction companies, but to sovereign debt holdings, too. Which is why, without a Banking Union the whole euro nightmare will repeat itself.
China comes to Latin America
Trevor Cohen | Latin America has suffered centuries of resource exploitation at the hands of foreign powers, without translating gains to the majority of the population. However, there are signs that the effects of China’s appetite for these same resources may break the disastrous boom bust cycles of the past.