Non-resident investors net buyers of long-term Spanish debt after ECB support
Non-resident investors have extended the maturities of their holdings of Spanish debt, according to the August data released by the Bank of Spain.
Spain
Financial Madrid reminds president Mariano Rajoy of the “underlying fundamentals”
The day a new EU summit began, financial reports from Madrid poured in with a common alert: the Spanish economy needs fixing and the markets will keep watching how the Rajoy government’s reforms advance.
Euro zone bailout fund could guarantee partial losses on Spanish bonds
The bailout that would await the Spanish government’s request is surrounded by many suppositions over its conditionality and how the rescue fund would intervene. But the recent decision of Moody’s keeping Spain’s bonds on investing grades has made investors feel more confident.
Ask Germany why: growth failure turns Euro zone instable
Germany isn’t just refusing to play the paymaster’s role, it effectively is barring the way towards a banking and a true economic union for the euro zone. The upcoming summit could be one more missed chance to fix the common currency area.
IMF growth forecast dampens Spain’s prospects
Investors’ hoping that Madrid successfully implements the 2013 Budget were left wondering again after the IMF announced its gloomy expectations. For economist JP Marín Arrese, Spain’s euro partners will make a mistake if they keep pushing the country into the same line Greece, Ireland and Portugal have been forced to walk.
How much is Catalonia owed?
How much does ‘different identity’ account in fiscal transfers between regions and their central government? Catalan president Artur Mas mixes tax data with sentimental issues and accusations of mistreatment, says Fernando G. Urbaneja, so a necessary dialogue becomes unnecessarily difficult.
The bailout and Spain: a guide, so far
Luis Martí, former World Bank director, briefs us about the map of a no-one’s land where the Spanish government seems to be wandering in search of Brussels help to face its financial needs.
Wall Street freeze thaws for some euro peripheral banks
Investors have responded with interest to some recent capital increase plans and debt sales from large Spanish banks. But it is too early in the year to infer an improvement in perceptions.
Brussels uncertainty is killing the chance of a Spanish recovery
BARCELONA | While macroeconomic estimates are revised downwards in Madrid and elsewhere, CaixaBank analysts point the blame finger at the seeming inability of euro zone big deciders to come to terms with the urgent fiscal and banking union.
Madrid-Barcelona doors still wide open
Something happened Friday September 28. Catalonia sold €2 billion in bonds and Spain’s Treasury minister announced that the regions rescue fund is now open for business to provide capital aid to Barcelona. The central government has a strong case to deactivate the Catalan conflict while reassuring markets with a restructuring plan of the state’s administration.