ATHENS | The eurozone and the IMF decided on 8 July to hand Athens a new tranche of aid in exchange for the sacking of 15,000 civil servants. If they want to lose the support of the population for the necessary reform of public services, that’s the best way to go about it, says Panos Panagiotopoulos.
MADRID | The construction of a Latin front that could counterbalance a few powerful neighbours to the north, led by Germany, is too simple a solution to the crisis and encourages the nationalism of old Europe, writes Javier Cercas.
BARCELONA | By CaixaBank Research team | In the first five months of the year, the Spanish Treasury’s bond issuance rate has beaten the records of the last few years.
LONDON/MADRID | Financial analysts in Madrid noted today the positive surprise of a recovery tendency among Eurozone peripheral economies, particularly those of Italy and Spain.
MADRID | By Raimundo Poveda | We should be be more careful with transfers of sovereignty. The next one will be the transfer of the banking supervision to the ECB.
LONDON | By Victor Jimenez | The strongest rejection against the Review came from within the City, from the £162.8-billion investment fund manager Fidelity, which said that “up front austerity has proved largely counter-productive.”
MADRID | By JP Marín Arrese | As we move into troubled waters following the FED intention to taper off its massive asset buying scheme, the ECB is bound to take bold steps to protect both the European economies and the common currency. Otherwise we may run into severe turbulences in the coming months.
GLASGOW | By Lewis Miller | The Eurozone needs to correct the problems such as the lack of Eurobonds and plan an effective way to correct future asymmetric shocks.
BARCELONA | By CaixaBank research team | A significant narrowing of spreads has been decisive in reopening a window for corporate bond issuance in the periphery countries which is still open today.
MADRID | By JP Marín Arrese | Depriving the ECB of the capacity to deal with ailing entities does undermine its authority as a supervisor in a Banking Union.