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Defaults on instalment purchases fall by 25.2% in Spain

MADRID | By The Corner | The number of trade assets obtained on deferred terms and returned unpaid by households and companies plummeted by 25.2% in May, according to Spain’s National Statistics Institute (INE). Thus, defaulting in commerce puts together 25 months of year-on-year drops.


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Oops, Cristina Kirchner did it again

Argentina has so far led investors to believe that it is ready to default if necessary to avoid the New York court’s ruling. That reaction, although less than surprising, would worsen further its lack of credibility.



The Greek swap-opera

LONDON | Half an hour before the deadline passed at 20:00 GMT on Friday, the Greek minister for international economic relations Constantine Papadopoulos confidently told Sky…


This is not a Madrid-Brussels fight

By Fernando González Urbaneja, in Madrid | Explaining the Spanish public deficit problem in 2012 in terms of confrontation between the government of Mariano Rajoy and…