Economy minister de Guindos

Merkel supports Luis de Guindos to be the next President of the Eurogroup

MADRID |The Corner | After a meeting between Mariano Rajoy and Angela Merkel in Santiago de Compostela, the German chancellor gave her support to the candidature of the Spanish Economy Minister, Luis de Guindos, to succeed Jeroen Dijsselbloem as President of the Eurogroup. As Barclays analysts comment, “with Italy’s and France’s leftwing governments and UK in or out of the EU, Spain is now a more attractive partner.” Regarding Germany, Angela Merkel recognised that the crisis in Ukraine is damaging the German economy. Nevertheless, Merkel affirmed that she forecasts a good annual growth if nothing dramatic happens.


The joke is on you, Mr Juncker

Semiotics of those now popular images go little farther beyond a simple, unsubtle fact: Spain’s finance minister Luis de Guindos is certainly not familiar with the sort of humour the Eurogroup’s chief, Jean-Claude Juncker, displayed Monday when he took Guindos’ neck between his bare hands ahead of their meeting. The prime minister of Luxembourg would next time be best advised to gently pat his Spanish colleague’s back; after all, the whole…

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Spain will “double efforts” to compensate deficit drift, minister De Guindos says

MADRID | The Spain’s minister of Economy and Competitiveness Luis de Guindos announced Wednesday that he will explain the euro group the country’s 2011 budgetary slippages “with transparency and and accuracy,” reports new agency EFE. De Guindos also will defend that this year’s Spain’s commitment to fiscal consolidation is ‘absolute’, in spite of the estimated 2011 ‘complex’ deficit drift of 8.5% (from previous 6%) and the EU’s economy negative growth…