MADRID | Germany will not move unless it firmly secures the fiscal compact goal. The growth strategy, the financial transactions tax and even banking union will only thrive so long discipline in public accounts is agreed. You can sulk at the stubborn obstinacy shown by Ms Merkel on this issue but trying to ignore it would not help Europe to overcome current problems. Brussels is proposing an enhanced budgetary control that…
MADRID | No one expected the Rome gathering to produce a comprehensive answer to the euro’s acute problems. Divergences still run high between Germany and France on the right approach to take. Avoiding the impression other partners might be faced with a ready cooked solution in the forthcoming Summit, also invited to adopt a self-restrained attitude. So leaders from the four leading economies in the euro area choose to come…
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Eurocrats, get your financial bazookas right now Markets are fast, but democracies slow –solving the euro crisis How investors can thrive as the eur ipad manual o zone burns Angela Merkel is drawing the…
By Julia Pastor, in Madrid | Merkel, Hollande, Monti and Rajoy. Four names for another crucial meeting in the euro zone, the one held today at Rome to smooth the path of next June 28-29 Summit. Christine Lagarde will not participate in this conversation but her name will surely loom large in the four European leaders’ minds. The International Monetary Fund’s managing director is raising the pressure for the European…
By Julia Pastor, in Madrid | On Tuesday, financial analysts at Link Securities commented that “Spain would be in the spotlight of present week political contacts”, of course, in a clear reference to the G-20 meeting at Mexico. “Discussions held there will largely focus on the country’s situation.” And that is exactly what has happened. Spanish president Mariano Rajoy arrived in Mexico with the aim of putting on the table…
By Luis Arroyo, in Madrid | Why did the euro seem to work so splendidly after just a few years …to be about to crash now with such almighty noise? Here I suggest an explanation, which is simple and incomplete and yet, crucial. In the first graphic, we see the Spanish real GDP in red and Germany's in blue both at annual growth rates. The drop in the 1990s is…
MADRID | Any train traveller knows by heart the stern warning on the danger that lies in leaning out. Italians seem to pay due attention to this caution, living permanently in a risky environment. Downplaying their own problems has led them to slip to second line positions leaving Spaniards as forerunners of the raging euro battle. Spain has behaved in a most divergent way. Confronted with a looming banking crisis,…
http://exbacksms.com/ How to win back your ex euro area's GDP shrinks by -0.3 percent. The survey's results for the whole European Union, understandably, spells pessimism, too: it has fallen from -2.4 to -20.1, due not only to perceptions of the current situation but also to how the medium term looks like. zp8497586rq
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…
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. Do investing strategies need a tech revolution? Germany forgot about the 1930s