Details published on the Spanish «bad bank» Sareb
By CaixaBank | To restore the flow of credit to the real economy in Spain, it’s crucial for the bank restructuring process to be successfully completed over the coming months.
Spain
Ibex 35 prices could increase by 15pc if sovereign spreads falls under 300bp
A sovereign spread lower than 300 basis points could have a positive impact of Ibex share prices going up by 12 percent to 15 percent, Afi experts said.
Spain’s banking industry is no loser
MADRID | As 3 out of 4 entities will be sold to solvent banks, buyers will get a real bargain in the ensuing merger process. But then, Bankia is still here.
After IMF’s verdict, what’s next for Spanish banks
The IMF gave a pat on Spain’s back on Wednesday. Although recovery is not at full speed, the country has made “important progress” in reforming the financial sector and will come out of recession in 2014 with a 1 per cent growth.
Spain’s real estate sector: details matter
By CaixaBank research department | The adjustment taking place in real estate supply and demand is not trivial, particularly in such a heterogeneous and fragmented market as housing that is also subject to significant regulatory changes. However, a detailed analysis reveals that the sector’s adjustment is now closer to the end.
The Spanish rescue can wait
Madrid has many reasons to remain cautious on the merits of embarking itself on a no-return ticket to euro-assistance. It doesn’t know for sure the price to pay and the concrete benefits to be reaped.
Brussels poised to axe Spanish ailing banks
MADRID | For all the efforts they undertake to reinforce their solvency and profitability, troubled banks are not likely to survive unless they merge into solid groups. But economist JP Marín Arrese wonders if public money to maintain them artificially alive should not be entitled to a better use.
Grant Thornton’s cheery view on Spain’s crisis: changing perspectives
Spain is in recession and will remain so with budget reforms yet to bite, export markets contracting and unemployment rising, indicate analysts at Grant Thornton. But that is one of the coin sides. Have a look at the brighter spots.
Spain up in Stanley Morgan’s top five picks
Spanish current account data gives signs of economic strength, but the global economy suffers from too much weak activity, a clear threat to Madrid’s reform efforts. Talk of bailout will not go away any time soon.
Foreign investors buy Spanish debt for the first time in nine months
Large institutional investors such as Pimco have publicly acknowledged their interest in Spanish debt, precisely because of the ECB buying program, but it remains to be seen whether the foreign interest is consolidated.