council of europe

European insolvent banks: the Council opts for bail-in 2.0

BARCELONA | By CaixaBank research team | The Eurogroup’s agreement contains another crucial point: the possibility of the ESM injecting funds directly into intervened banks and thereby weakening the link between bank risk and sovereign risk.

Angela Merkel1

Angela Merkel sets the pace for the re-founding of Europe

BARCELONA | By Oriol Aspachs and Joan Daniel Pina, at CaixaBank research department | To date it is the German Chancellor, Angela Merkel, who has set the pace of Europe’s construction. Without purporting to be a great leader, Germany is fulfilling this role. 


How Austerity Broke European Stability

LUGANO | By Andrea Terzi, professor of Economics at Franklin College | All that is required is a political commitment that the euro is the currency of Europe and that it should be distributed in a sufficient volume to sustain overall growth and employment.

SpaIn October foreign air travellers

Spanish tourism industry: full steam ahead

BARCELONA | By CaixaBank research team | The arrival of tourists from outside Europe has been key to boosting the Spanish tourism industry. Between January 2008 and December 2012, the number of non-European visitors rose by 1.5 million, an increase of 39.3%.