After two decades of relative decline, decision makers in Tokyo need to tackle serious reforms to boost Japan’s economic system. This is the first part of a series published by The Fair Observer perusing the country’s economic challenges.
Nine media outlets write a letter to Mitt Romney campaign challenging the exorbitant bills they had to pay in order to follow the Republican candidate before the US election
Inflation in the euro area falls by 0.1 percentage points to 2.5% year-on-year. CaixaBank analysts predict a downward slide in inflation over the coming months.
Concerning the total trade of member states, the largest surplus was observed in Germany, followed by the Netherlands and Ireland. The United Kingdom registered the largest deficit.
Don’t expect a single penny to be spent on banking restructuring processes for a long time to come, a nasty prospect for neighbours anxiously awaiting the common supervision agreement to clean up their messy financial industry.
MADRID | By Carlos Díaz Güell | The future is not easy for traditional commercial aviation in Europe and the trend is one of heavy losses and a drop in global market share. In 2012 the Association of European Airlines estimates air carriers will lose up to €2 billion.
MADRID | By José Hervás, Capital Madrid | Basel III in Spain will close 10 bank offices a day over the next three years to have between 25,000 to 30,000 offices in total.
MADRID | Germany has made clear to its partners they must lose all hope about increasing financial solidarity in a foreseeable future. Eurobonds and funds to prevent external shocks are to be shelved for the time being.
The trends have not behaved in a positive way yet, particularly in France, whereas the Spanish series appeared to show a slight improvement last month.
Morgan Stanley explained that its “strategy advisers have highlighted Spain as one of the potential surprises in 2013, along other peripheral euro country members.”