MADRID | By Julia Pastor | Javier Flores, head of analysis at Asinver: “France’s economic system will not fall into bankruptcy, but the French model cannot be considered as a superpower any more.”
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 | 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.
The austerity trap. That’s the price to pay for an asymmetric scheme that fails to impose any discipline on those, like Germany, equipped with comfortable margins of manoeuvre for increasing their domestic demand.
Citigroup analysts JLM Campuzano reviews the national politics in the euro zone, and how they are making it hard for the economy to exit the crisis.
MADRID | Germany is taking advantage of other euro zone partner’s feebleness to impose its credo. It aims to firmly anchor the fiscal compact initiative it has so forcefully battled for.
The Member States discussed over the text on the banking union to be adopted by the Council of Finance Ministers on December 4th. It’s an issue that the Vice-President of the Parliament, Gianni Pittella, has followed closely. In an interview on the eve of the Commission’s vote, he shares his views with Presseurop.
The trends have not behaved in a positive way yet, particularly in France, whereas the Spanish series appeared to show a slight improvement last month.
In 2011, 24% of the European Union population were at risk of poverty or social exclusion, corresponding to around 120 million people.
Trade data from the eurozone shows Germany posting a deficit while Italy and Spain generate surpluses, J.P. Morgan Asset Management on Monday briefed investors. As relative labour costs continue to fall, one of the key imbalances that provoked the eurozone crisis will fade away.