EBA guidelines for fair mortgage lending come too late
MADRID | By JP Marín Arrese | Banks should enforce the sooner the better these EBA guidelines if only to avoid transforming their credit portfolio into real estate heavily undervalued.
eurocrisis
Brussels fiscal advices miss the target
MADRID | By JP Marín Arrese | So long Germany maintains a staunchly depressed environment, Brussels fiscal advices with no plan to boost employment and growth will soon run out of steam.
Wednesday’s chart: ECB negative interest rates
LONDON/MADRID | ECB negative interest rates might fail to re-activate credit activity because of a too cautious Germany.
Against the Eurocrisis: more monetary ammunition, more reforms
BARCELONA | By Jordi Gual, economist | The euro area’s double dip recession is due to inopportune management of the sovereign debt crisis and slow advances towards European integration.
Spanish banking rescue II
MADRID | By JP Marín Arrese | Rumours openly point to a further rescue package to save the day. It may take months to come but many are taking for granted that a fresh call for help might be launched at the end of the year, once the new German government takes over.
Let’s free the EU from corruption
ROME | via presseurop.eu | The EU is becoming a corrupt church where Germany rules by a dogmatic economic orthodoxy. Politics must take back control with a protestant schism coming from grass-roots initiatives, argues Italian La Repubblica.
Francois Hollande must be braver
By Skip Worden | In trying to have it both ways—an economic regime and a political union—Hollande was being political at the expense of his own proposal.
Spain’s economic growth will come, but from where?
MADRID | By Carlos Díaz Guell | The future of Spain’s economic growth is uncertain, especially since the crisis has proved that many industries only worked when fueled by subsidies. Exports seem to be the country’s only hope and politicians are too busy fighting to make productivity, R&D investment or education a priority.
Eurocrisis back in financial intermediaries’ agenda of economic concerns
LONDON | By Victor Jimenez | Considering the recent turmoil in the Eurozone, it is unsurprising that intermediaries are concerned about overall global economic health.
The Eurocrisis won’t kill Europe
Pessimists around the world repeat that the European Union is doomed because of structural weaknesses and the economic crisis. But in many fields, the EU holds its own against world powers like the United States and China, argue Mark Leonard and Hans Kundnani.