By Jaime Malet | During the meetings that took place at the World Economic Forum summit, headed by the economic leaders of various countries, the main conclusion I reached was that the recipes expounded to attain competitiveness in the short term differed from one country to another, but that in the long term there were formulas which were shared by many. This caused me to reflect on the matter and try…
By Fernando Barciela, in Madrid | A small €24 million-turnover metal stamping company has become a €1.5 billion-turnover international corporation in 15 years. Its chairman Anton Pradera says that changing a company’s model isn’t difficult. Indeed. CIE Automotive sells 90% of its production outside Spain. Does this protect you from our domestic crisis? [Our emphasis.] That’s right. We are really happy now that we started our internationalisation at the very beginning of…
It provides trade credit insurance, surety and collections services, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 60 million companies worldwide and says that the consequences of a breakup of the Eurozone would be highly damaging for a country that leaves the euro as well for those that remain within the currency union. A breakup should therefore be perceived as highly…
By Julia Pastor, in Madrid | The Italian Prime Minister Mario Monti visited Berlin last week to meet with German Chancellor Angela Merkel. Monti, who was interviewed by the German newspaper Die Welt did not hesitate, despite his admiration for Germany, to criticise the actions of the Franco-German axis in resolving the debt crisis. “Angela Merkel and Nicolás Sarkozy cannot lead the European Union by themselves,” he said. Moreover, in…
LONDON | Both the FTSE 100 and Dow are expected to make modest gains by the end of 2012, according to a survey of 100 senior representatives of investment firms. The euro is expected to deteriorate further compared to sterling, while the US dollar would increase in value. However, the majority interviewed thought that President Obama’s government had not done enough to stimulate the economy in the US. The survey was…