By Fernando Gonzalez Urbaneja, in Madrid | Three decrees for the reform, restructuring and rescue of the Spanish financial system have passed and some voices at the Bank of Spain point out there might yet be a fourth one, if needed. Three plans for a sector which boasted of being the best in the world, and neither of all three have exactly been effective in restoring the credit market. The Socialists…
By Julia Pastor, in Madrid | The Spanish financial system reform is already under way, so it generates a non-stop stream of news and comments. The news on Thursday precisely come from the minister of Economy Luis de Guindos’ statements, who said during an interview to radio broadcaster Onda Cero that after the second round of mergers and acquisitions, there will be around twelve entities left in Spain. “They will…
By Tania Suárez, in Madrid | Most Spanish financial analysts agree in their perception of Santander and BBVA as being favoured by the financial reform presented on Thursday by the minister of Economy Luis De Guindos. As a matter of fact, their quotes are gaining value. The reform has been received favourably, although some analysts are still cautious. On the one hand, Sabadell’s point out that “demand has increased, but…
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…
