MADRID | The European Central Bank must change course, too, so market credit costs drop to a range at which peripheral governments will not suffer as much as they do now. Brussels and Berlin may stubbornly be strangling the eurozone because they cannot see the wood from the trees.
The Spanish Banking Association wants nationalised entities dismantled or sold, as the toxic legacy of the savings banks has become too poisonous for too long (with information from Ángel Laso, valenciaplaza.com correspondent in Madrid).
NEW YORK | A group of the most important Spanish companies presented their report “Spain, land of opportunities” in New York on Wednesday. The Business Council for Competitiveness (CEC), claim to represent more than 35% of Spanish GDP and 1.7 million Spanish employees. This is their side of the story. Economic propaganda, or real data that you won’t see in the FT nor the WSJ’s front page?
MADRID | The newly created Alternative Fixed Income Market (MARFI, in its Spanish initials) for small and medium size enterprises (SME), that the government wants to have ready, could mobilize around 1 billion euros (1.3 billion dollars) within its first year of existence, says Axesor. The company, specialized in information and credit risk management, adds that the yield could stand somewhere between 6 and 10%.
MADRID | BBVA Chairman Francisco González wants to eliminate all risks in Latin America and avoid the unpleasant situations his Spanish peers Repsol, REE, Iberdrola, Abertis or Aena had to put up with in the continent.
MADRID | By Javier Arce, editor at Revista Consejeros | Commentary scaring savers–whether in Cyprus, Spain, Italy or France–smells of negligence at the very least. In Spain, where we had to face capital outflows of over €200 billion in 2012, we are particularly aware of it.
Like other American tech giants such as Facebook, Google or Microsoft, Spain is the new gate for Twitter’s international expansion… although all of them go to Ireland to pay taxes.
MADRID | by Luis Martí | Almost twice as many Spaniards as Germans own their home and look therefore, richer. But they are not.
The Spanish banks’ correction in February was 5.2 percentage points higher than the average in the eurozone.
MADRID | By Julia Pastor | Soledad Pellón, analyst at IG Markets: “Spain is now in better conditions to start the recovery”