Gas Natural signs its largest liquefied natural gas supply contract in the US
Spain
Mariano Rajoy should listen to why David Cameron won’t join the euro
Rajoy’s answer to The Economist: “Give me more than half an hour”
“Germany’s Inflation Fetish”
NEW YORK | Debt market turmoil and Spain’s borrowing squeeze is now hot news in the US. Experts are talking about investors fears, record-high interest rates and credit freeze but some of them are also lining up for an idea: Berlin and others with big surpluses need to save less and spend more. For The Huffington Post Business editor, Peter S. Goodman, “Germany’s inflation fetish is a major global economic…
Juncker: “Germany’s debts are higher than Spain’s, but nobody wants to hear this”
The Prime Minister of Luxembourg and chairman of the Eurogroup Jean Claude Juncker made stark remarks on the “disturbingly large amount of the German debt,” which the Bonn paper General Anzeiger published on Thursday. “‘Germany has a higher debt than Spain. But nobody here wants to acknowledge this,’ said Juncker, who expresses understanding regarding the fears of Germany caused by the current financial crisis. “‘Here (in Germany) they witnessed, twice,…
ACS buys 51% of Canadian construction company Clark Builders
The European Central Bank must act as a last resort lender, or else
The Guardian and NY Times wonder: “Where's Spain's Law of Transparency?”
From the Spanish newspaper El Mundo | During the last three years, the Spanish government has lashed out against the markets, the speculators, the rating agencies and even against the Anglo-Saxon press because of the ‘distorted image’ it believes they present of Spain and its economy. Spain’s financial minister and deputy president Elena Salgado, and the Secretary of State for the Economy José Manuel Campa have repeatedly had to travel…
The Guardian and NY Times wonder: “Where’s Spain’s Law of Transparency?”
From the Spanish newspaper El Mundo | During the last three years, the Spanish government has lashed out against the markets, the speculators, the rating agencies and even against the Anglo-Saxon press because of the ‘distorted image’ it believes they present of Spain and its economy. Spain’s financial minister and deputy president Elena Salgado, and the Secretary of State for the Economy José Manuel Campa have repeatedly had to travel…
Do Spanish banks need independent audit?
The International Monetary Fund is urging Spain to take a page from Ireland and use an independent auditor to evaluate its banks, saying that could boost confidence. Speaking to reporters during the annual meetings in Washington, Antonio Borges, IMF’s European department head, said this should be the right thing to do, since financial market fears of the situation in many European countries have become “excessive,” especially in regard to Italy…