Burning politicians’ bridge to the Spanish savings banks
MADRID | By Carlos Díaz Guell | The Spanish government has already made clear to the regional authorities that the old savings bank model must die for its sins.
Spain
Foreign investors return to non-Treasury Spanish debt
LONDON/MADRID | Up to 80 percent of all issuances–some €30 billion so far this year–were bought by non-resident investors, proof that confidence is on its way of being restored.
The Baltic Boom: there is life after austerity
MADRID | By Antonio Sánchez-Gijón at CapitalMadrid | On May 9 the European Union will deliver Charlemagne Prize to Lithuania’s President Dalia Grybauskaite. The idea is not to reward her as a former EC Commissioner, but as the person who embodies the success of three small countries of Northern Europe out of their deep economic crisis in two years. While the populations of the Mediterranean Europe and France are raised in arms against austerity policies imposed from Brussels and Frankfurt to exit the stagnation and save the euro, two European Baltic nations are looking forward to joining the common currency.
EU against interchanging fees: Should we save the Euro at all costs?
The European interchange fees reduction project is very similar to the measures adopted by the Spanish Government in 2005. However, several studies show that measures adopted to reduce interchange fees have finally harmed consumers, as French site Bursorama points out. Is there any ideological agenda behind it?
Investors appetite for Spanish economy: will it last?
MADRID | By David Fernández | Foreign investors are showing a sudden interest in assets made in Spain due to, among others, central bank’s last data, Europe’s decision to delay the deficit commitment by two years and international factors such as second-round monetary helicopter launched by the Bank of Japan. Will this trend vanish?
Spanish exports fiesta: 40% more companies selling their goods abroad
MADRID | By Juan de la Cruz Martín Rozas, Crédito y Caución | Spain contributes with 1.7% to the global exchange of goods trade, after Germany, France, Italy or the United Kingdom. However, the growth experienced by Spanish exports in recent years, including 2012, is the highest of the European economies.
Let’s fight austerity, not Germany
MADRID | If Spain’s democracy owes something to someone it would be Germany. During Spain’s democratic transition, Christian democracy and Social Democracy German foundations sustained and alerted incipient political parties when they need it.
Only own goals in the Spain-Catalonia match
There is a mirroring effect in all these conflicts: Europeans appear unable to talk about the actual issues that trouble them, that is, debt and democracy.
Prisa, the Spanish economy and Brussels’ impossible deficit targets
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.
Spanish banks advise Rajoy to deal with Cajas’ toxic legacy now
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).