financial reform


China’s New Experiment: Financial Equality

Iris Mir | China starts a new round of economic experimentation. Shanghai is set to become the new engine of growth with a China’s first Free Trade Zone (FTZ). The goal is to attract foreign investment by testing new deregulation rules that should give foreign companies greater flexibility. But urgent reforms in other areas are a must in order to transform the rise of the income of Chinese households into real purchasing power.

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“Spain’s financial system is now the most transparent in Europe”

By Fernando Rodríguez, in Madrid | Claudio Aguirre, board member at the Spanish bank Bankia confirmed in an interview with Consejeros magazine that the group intends to maintain its independence. Although the entity’s capital needs amount to about €9 billion, Aguirre says that being in a merger, Bankia could clean its balance sheet up against reserves, not only against income. What is your opinion about the third phase of the financial…

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Forcing mergers is the real aim of Spain’s financial reform

By Juan Pedro Marín Arrese, in Madrid | The outline of the financial reform, announced yesterday on Thursday by the Spanish minister of Economy, fails to provide the clue of what the government is aiming at. To begin with, the picture we were presented was one of sheer disarray: big holes in the balance sheets covered with meagre provisions and not a single tender word for the financial system. One…