MADRID | By JLM Campuzano, Citigroup analyst | “Complacency has prolonged the eurocrisis at least one more year and has affected our access to market credit, which was somehow eased only when the European Central Bank promised short-term debt support.”
MADRID | By Tania Suárez | Daniel Álvarez is analyst at XTB. In a conversation with The Corner, he forecast a “positive scenario” in which “the Spanish risk premium may go even below 250 basis points before the end of the year.” Also, he claimed, “if Europe does its homework, the eurozone markets will become a very good investment opportunity.”
Austerity and free market regulations have created a band of loyal followers: The Precarious. And they are threatening the jewel European civilization, social security, argues Belgian writer Geert Van Istandael.
The news of Spanish banks reducing ECB credit use fits within the more attractive frame European banks sit now in. Stock returns have outdone market average by 44 percent since July 2012.
Austerity is increasingly becoming a danger, not only for the euro peripheral economies, but for the rest of the developed economies, too. Will the European Central Bank take action?
MADRID | JL Martínez Campuzano, of Citigroup in Spain, dissects yesterday’s speech of Mario Draghi. Some lights seem to be shedding hope over the eurocrisis, but it is a hard work in process.
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.
The ability of central banks to raise investors’ confidence is wearing off. More so when the European Central Bank has become a liability for the US Federal Reserve.
A eurozone’s press review of the coverage about the banking union project gives a crystal picture of the mess: the division is growing between Germany’s position and the rest of its currency area partners.
Over 80 percent of all Spanish deposit banking institutions–six of them systemic–will be inspected by the European Central Bank from 2014.