It provides trade credit insurance, surety and collections services, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 60 million companies worldwide and says that the consequences of a breakup of the Eurozone would be highly damaging for a country that leaves the euro as well for those that remain within the currency union. A breakup should therefore be perceived as highly…
By Alfredo Aranda, in Madrid | The course of the euro seems to be clearly bearish, according to some analysts. However, in contrast with previous situations, the depreciation of the single currency is more the result of the actions of the ECB than due to traditional factors such as monetary or economic policies. According to Alberto Matellán, the liquidity injection carried out by both the Fed and the ECB are directly…
As published by the German newspaper Die Welt, chief economist of the European Central Bank Jürgen Stark believes that Spain is a good example of how a country can reduce its risk premium by implementing the right adjustment measures. The Spanish daily Expansión refers to his declarations in Monday’s edition. “In an interview given to the German paper, Die Welt, the member of the ECB points out that ‘Spain and other countries…
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Discounts in US retail sector, too In short: the euro has no hope yet What the central banks should be doing next Putin’s Russia has opposition, but it doesn’t have a leader Hello, Europe! Do…
MADRID | The president of BBVA, Francisco González, commented at a press conference in Seul during the inauguration of a new branch in the Korean capital, that the worst part of European debt crisis is already over. González’s statement did not go unnoticed in any of the Spanish economic newspapers. “Francisco González pointed out that there would be no problems in the implementation of measures agreed during the meeting of European leaders…
By Julia Pastor, in Madrid | The Spanish financial analysts received the news that arrived from Brussels with a certain degree of optimism, not without disappointment, but recognising that the pacts that were achieved imply a step forward. Banco Sabadell experts give an outline summary of the conclusions reached at the meeting. “Starting with the fact that expectations were low and that the market’s sentiment was negative, the final balance is…
By Julia Pastor, in Madrid | Ratings agency S&P’s threat of downgrading the euro zone and the EFSF has fallen like a ton of bricks among leaders and European institutions. Santander analysts believe, however, that it has also been accepted with a certain degree of realism: “The German Minister of finance, Schäuble, commented that the warning is the best incentive to promote a solution to the crisis and regain the confidence…