MADRID | Just a few days before the partial rescue of the Spanish banking sector was announced, Amado Franco talked to journalist Carles Francino during an interview broadcast by SER. Franco is president at one of the largest and healthiest cajas or Spanish savings banks. He is 66 years old and has spent 42 working at Ibercaja. He has been auditor, branch manager, executive, CEO and President since 2004. Franco is a…
By Luis Arroyo, in Madrid | It's been a good match, and the Spanish government has played quite well. From the very beginning, the minister of Economy Luis de Guindos dispelled any fears about a Greek bailout for Spain. Here's what I say: those wanting a seizing over the Spanish cabinet are welcome to join the club of the frustrated fans of coups d'état. Indeed, Spain's government faced a difficult…
LONDON | Germany finally met its match in Spain. And the outcome of the clash, as for Monday's market reaction, was unsurprisingly ugly, leaving the future of the euro project in deeper waters than ever before. Naysayers are meant to have a hard time running against the tide of general opinion, or so they were portrayed in the now past European political modern tradition. They were the protesters, the champions…
http://goexback.com/ How to win back your ex By Julia Pastor, in Madrid | Everyone's talking about it. The financial support demand or the bailout that Spain has requested from its European partners last weekend in order to, at last, recapitalise the country’s banking industry is admittedly one of the most significant episodes in Spain’s recent economic history. After the International Monetary Fund published on Saturday early in the morning its stability…
By Julia Pastor, in Madrid.- El Corte Inglés, the well-known Spanish department stores brand has had no alternative but to cut its food, drugs and perfumery products prices by 20%. Since the crisis began, their most direct competitors in this segment, the Valencia-based supermarket Mercadona and the French chain Carrefour have entered into a price war in which the retail company was out by their own choice. Now things have…
MADRID | All of the sudden, the feeling things might be spinning out of control has cast a gloomy mood in Spain. For a country lavishly living on others savings, finding itself short of cash has come as a shock-horror revelation. It now faces the unsparing rigour of lying in the hands of fickle and merciless markets. The deep-rooted assumption that confidence gap would be bridged as soon as the…
What To Say Through Text To Get Your Ev Back By valenciaplaza.com, in Valencia | José Carrasco is private banking director at Banco Madrid in Valencia. Carrasco believes the European Central Bank buying Spanish bonds would reassure investors and negative headlines would then recede allowing foreign capital to go back to the country's market, where good value still abounds. What is your view on the European stock markets? With France…
Divorce Advice How To Get Over Your Ex During the 15 years of real state boom, prices and salaries in Spain rose drastically, causing a strong loss of national companies' competitiveness. In the last four years, the country has regained 13 of 16 points, which means a 70% of the total, largely because of lower unit labour costs, the financial newspaper Cinco Días said in its Thursday edition. The Bank of Spain competitiviness…
how do you get your best friend to break up with your ex LONDON | Now that the European banks have again been placed in the eye of the storm, even though admittedly some more than others, a chart from BNP Paribas analysts shows why. Banks still pose a barrier at the core of most efforts towards recovery. Take the long-term refinancing operations or LTROs from the European Central Bank: they are meant to…
Recently Broke Up But Want To Get Back Together What Do I Do MADRID | Solaria Energía, the only solar company listed in the Spanish stock market, announced it will begin the development of a 60 MW photo-voltaic field plant in the area of Calera y Chozas, in the province of Toledo in Spain. The plant will dump its output into the local grid at the corresponding market tariff, with no…