Now that full rescue seems an unavoidable option, overtly accepted by Madrid, the main opposition party in Spain has found some way to deliver a scathing attack on government. For all its dismal delivery while in power, it managed to avoid such unpalatable scenario. The current cabinet, supposedly better equipped to bring Spain out of trouble, has already being forced into a €100 billion banking salvage package and now it…
Financial analysts in Madrid warned that a ban on short selling would depress trading volumes even further while solving very little in terms of investor confidence recovery. At The Corner, we faithfully reported their disappointment with the authorities, whose small sticking plasters of policies would leave structural problems untouched, in most experts’ opinion. In the short term, though, there was something to look forward to. “Bankinter Broker and Afi experts gave…
By Íñigo Villegui | Capitalmadrid.com | Something is happening in the euro zone. The possibility of a purchase of bonds by the European Central Bank or by a bailout fund, which would favour the tightening of risk premiums and facilitate access to markets for public and private sectors, is getting closer. Or, at least, that’s what investors assume. They have gone from considering that Spanish finances were doomed to dismiss…
The Spanish tether already seems overstretched. On Monday, the national institute for statistics published fresh data confirming a forecast released days before by the country’s central bank, which warned of a contracting GDP: at -0.4 percent, records for the second quarter of the year were indeed 0.1 percent worse than for the first three months. Private consumption and investment have fallen, year on year rates of industrial prices have risen…
How scared are investors of Spain’s debt? Very. So much so that judging by their behaviour, financial analysts in Madrid are increasingly adopting the language of their country’s politicians, if for different reasons. That is war out there for Spain’s sovereign paper, no one doubts. The Spanish debt has now been under extreme tension during a week and the pressure has pushed credit costs up whether it is for two…
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…
LONDON | You needn't be a bureaucrat in the payroll of any of the myriad of euro institutions to launch a campaign that points at the various strengths the common currency area still possesses. Day after day, whether it's new developments in politics or foreign direct investment balances, some piece of data brings up the surprising resilience that wows non-euro observers. Amid the sorry situation of the euro estate, JP…
how to get your ex girlfriend back By www.consensodelmercado.com, in Madrid | Europe has been immersed in a long and complex change process for the last three years. The global currency department at JP Morgan has published a report marking out the path that Europe should be following in the medium and long term. It expects a main scenario in which no country member leaves the euro, but in which…
ex gf goexback.com How to win back your ex NEW YORK | Hardly ever a small European country's parliamentary election has arisen that much attention in the U.S. Greece's vote on Sunday made the headlines in most American media, which have been following the european entangled crisis for the last months. The White House appeared to be sighing in relief. The worst case scenario for Washington (a quick and messy…
text your ex back MADRID | For the first time since the crisis unfolded, Germany is starting to cast serious doubts on the euro zone sustainability. Acting as paymaster general involves such a woeful toll as to think twice before continuing to foot a growing bill likely to snowball out of control. It is under the uneasy impression that money spent on saving others is simply burned off. The temporary…