Europe

Spanish economy 20th August 2012

“Contraction and austerity combined are an extremely dangerous mix for Spain”

Morning! Today we bring you the last part of our summer series interview with Professor of Economics at Columbia University Martin Uribe. He believes that the Eurozone needs structural changes to tackle the crisis, especially in fiscal matters. The lesson we should learn from this crisis is to avoid high capital inflows into a country as happened to Spain from 2000 to 2008. – Several Nobel laureates have decried budget…

In Europe 17th August 2012

“Without a fiscal authority, Europe will always be a poorly designed system”

Professor of Economics at Columbia University Martin Uribe strongly believes that the Eurozone needs structural changes to tackle the crisis, especially in fiscal matters. For this expert in macroeconomic analysis, who has worked for many universities and institutions including the European Central Bank, the lack of tax policy at a European level is condemning the least developed countries to beg for aid. Uribe talked to The Corner summer interviews’ series from…

World economy 16th August 2012

America’s economic unhappiness

Two thirds of Americans feel suspicious or skeptical about their country’s economic situation. According to a Gallup poll, only 23 percent said they were satisfied with the way things are going in the United States, down from a 28 percent satisfaction rate last month. Three months before the presidential elections, figures and sondages are multiplying. We’ll certainly see numbers shift, popularity indexes soar and fall before the D-day, and both…

World economy 14th August 2012

Paul Ryan, the man who wants to avoid “European sclerosis”

Interested in the world’s economy? There’s somebody you should meet. He doesn’t have an outstanding experience in the private sector but is determined to drastically cut U.S. government spending, boost market flexibility and avoid the “clouds” that are coming from Europe. If Republicans make it to the White House in november, Congressman Paul Ryan, Mitt Romney’s pick for vice president, will have a bigger say than the president. If not,…

Companies 13th August 2012

Kia Motors increased European sales by 22.8pc in July

The crisis is not treating equally everyone within the manufacturing car sector. Take Kia Motors Corporation. The South-Korean giant recently announced that its global sales figures, including export sales, domestic sales and sales from overseas plants, have jumped on the upward trend. In passenger cars, recreational vehicles and commercial vehicles for July 2012, the company recorded a total of 226,818 units sold. It represents a year-on-year increase of an enviable…

In Europe 6th August 2012

“The Euro will be salvaged but it will be a close call”

The Corner continues with its summer series of interviews about the future of Europe seen by international experts. Today, New York University Economics Professor Lawrence White gives his take. He has been with New York University Leonard N. Stern School of Business for more than 30 years. His primary research areas of interest include financial regulation, antitrust, network industries, international banking and applied microeconomics. He is coauthor of Restoring Financial…

World economy 1st August 2012

Is the Fed also waiting for Draghi?

Ben Bernanke is not taking the wallet out of his pocket, at least not yet. The Fed will first assess July and August US unemployment reports and also “financial developments”, as it said in a statement at the conclusion of a two-day meeting in Washington. Meaning what? Meaning financial stability in Europe, which is one of US main concerns. We’ll have to wait until September, but there are some hints…

World economy 31st July 2012

Obama: Europe has cronic wound but the euro will survive

“I don’t think ultimately that the Europeans will let the Euro unravel, but they are going to have to take some decisive steps,” US President Barack Obama said in a fundraiser event Monday night held in a New York high end hotel. Only four months before the U.S. election, Euro worries are inevitably playing a major role on this side of the Atlantic. Any worsening in the Euro zone situation…

World economy 19th July 2012

Bernanke’s speech on Europe: reading the tea leaves

NEW YORK | Federal Reserve’s chairman Ben Bernanke attended his semi-annual monetary policy report to Congress on Tuesday and Wednesday, insisting that the Fed remains in close contact with European authorities but the alarms of spillover are still on. “I don’t think they [Europe leaders] are close to having a long-term solution that will solve the problem and until they find those long-term solutions, we’re going to continue to see…

Markets 18th July 2012

Issuances slow up in the corporate bond markets under euro pressures

By CaixaBank research team, in Barcelona | The worsening climate in peripheral Europe has affected the corporate bond markets. Whereas, during the previous months, this market stood out for its remarkable ability to resist the adversities of the euro area crisis (from the point of view of issuances and the extent of capital flows), in May investor mood and the issuance of corporate bonds had been fully infected. In addition,…

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