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
By Pablo M. Simón and Inés Abril, in Madrid | Panic is gathering momentum, and money is flying away from Spain into other countries of the euro zone. The latest data from the national balance of payments show the fastest flight of capital so far, even higher than that after the collapse of Lehman Brothers. The bad new is that the spiral of fear that affects investors is causing uncontrolled reactions:…
By Nuño Rodrigo | www.cincodias.com | It is remarkable the swiftness with which the markets have amortised the bailout plan for the Spanish banking sector. But it is no surprise; the markets have their own stimulus, reward and learning mechanisms, and when an event appears repeatedly, the process rolls out ever quicker. The Greek bailout anaesthetised the markets for some months; the Irish did the same for some weeks; the…
Helga Jung is the first woman to enter the board of Allianz, the largest insurance pool in the world, in the center of German finance. The group became Allianz Societas Europaea (SE) in 2006. With more than 78 million customers, 142,000 employees and a global presence in 70 countries, Allianz obtained an operating income of €7.9 billion in 2011. Its assets under third parties management are of €1.281 billion. What risks…
MADRID | elconfidencial.com | The rescue operation of the Spanish banks is rather a foreign banks' bailout, the online daily El Confidencial reported Tuesday. Check the International Monetary Fund's recent study on Spanish banks and a graph shows up with an eloquent figure. The exposure of foreign banks to Spain is moving towards a colossal number: €1.2 trillion. What is surprising is not just the sheer volume of it but also its…
LONDON | Germany finally met its match in Spain. And the outcome of the clash, as for Monday's market reaction, was unsurprisingly ugly, leaving the future of the euro project in deeper waters than ever before. Naysayers are meant to have a hard time running against the tide of general opinion, or so they were portrayed in the now past European political modern tradition. They were the protesters, the champions…
By Luis Arroyo, in Madrid | The European common currency has become poisonous for almost everyone else but Germany. Check below a chart coming from the International Monetary Fund, which shows that not even other core euro economies (that is France) have been able to profit as much as Germany. It also renders perfectly understandable why Nicolas Sarkozy lost the general elections and why he did so amid angry voters….