how can i get my ex girlfriend back MADRID | The more Ms Merkel claims shoring up the euro to be her paramount goal, the less credible that pledge sounds. Real commitments should embody themselves into facts, words amounting to a rather futile substitute. Failing to address the current raging crisis casts serious doubts on how serious her voiced concern on keeping the common currency alive is. One has the impression…
From valenciaplaza.com | Francisco Jorro, director in Valencia at Renta 4 Banco, said in a conversation with valenciaplaza.com that the ECB's rate cut had already been anticipated by the markets, but the move could still help growth plans in the euro area. What did you think of the ECB's decision? The truth is that a quarter down of a point was already discounted by the markes. Hence, not only the Ibex…
From valenciaplaza.com | The president of the European Central Bank, Mario Draghi, fulfilled one more time what has become an uninspiring habit in relation to European equity markets and particularly in regard to the Spanish Ibex 35. Madrid closed Thursday with sharp declines again after the words of the Italian banker in the press conference that followed the meeting of the governing council of the central bank. In fact, the Spanish…
MADRID | The European Central Bank has entrenched itself in its own territory, delivering a conventional rate cut to address a downsize risk in economic perspectives. Output hovering around zero growth in Europe will drive inflation below targets, thus triggering the need to introduce some potential stimulus. But Draghi watered down Thursday’s rate decision, warning on the limited scope of lower rates when financial markets are so fragmented, risk perception…
MADRID | Have you noticed that since the Libor fraud has the dubious honour to receive full front page coverage, the euro zone troubles have been dumped into inside pages? No one raises doubts on the fragile agreement reached in the last Summit, thus providing some respite to the badly mauled Southern Europe countries. It would be quite unfair to imply there is some kind of Anglo-Saxon conspiracy against the common…
MADRID | The Summit has just avoided the worst from happening. Super-Mario and an unexpectedly bold Mariano Rajoy achieved a coup d’état toppling Ms Merkel from her undisputed pedestal. Hollande’s support was vital in depriving her of her hitherto boundless power. Yet one has the impression we assisted to a rehearsed show meant to provide an excuse for Germany to cave in to pressure. Everyone was afraid of having to confront the…
By Julia Pastor, in Madrid | After so many fruitless meetings, conversations and rounds nobody expected that the European leaders would be able to reach a more than reasonable agreement for Europe, that tough Germany would relax its position towards its Southern partners, and Spain and Italy would resist before the steam engine of the euro zone. But it happened. Banks will be recapitalised directly with the European Stability Mechanism…
In five out of nine times that the European Council has met since January 2011, market expectations have been missed. Analysts at BNP Paribas have done the research, which supports the heavy air of pessimism surrounding this Thursday's euro summit that is set to present some sort of action plan on Friday. “Although it is improbable that we get a final solution to the euro area crisis,” BNP Paribas said…
MADRID | Summits are meant to be the meeting place for those dwelling in the Olympus. Those struggling to survive on the Earth surface have more urgent concerns than discussing about the euro zone destiny, an angels'-gender dispute that fails soothing their daily toils. Spain undoubtedly ranks among the latter. It will attend today’s meeting with its mind focused on the bleak aftermath. Banking union might stand as a cornerstone…
By Nuño Rodrigo | www.cincodias.es | While our European leaders battle with a crisis seemingly impossible to be resolved, while euro zone third and the fourth economies feel threatened by the danger of being rescued because they cannot afford to access the markets, and while for all of these reasons the world approaches a crisis relapse, the guardian of austerity secrets and price stability wakes up every day with a sack of almost…