i want you back letter for boyfriend LONDON | The European Commission on Wednesday tumbled and mumbled about the set up of a banking union. Although urgently needed, it would only languish in the corridors, even provided a sudden agreement to push it through could be met. The European Union has no main political door, as it lacks of an executive body directly propped up by a legislative chamber: both…
MADRID | We have a case for demanding some support in resisting the current run on us, our most solid argument being that something nasty might happen to the euro should we fall in the abyss. The one based on the merits of performing our homework seems less convincing. For all the reforms undertaken, we still have a long way to go in redressing a dismal record. Sheer lack of money…
MADRID | A few weeks ago, the Spanish government adamantly denied any hint on disbursing a single penny in banking sector support. A few days ago, it acknowledged the necessity to do just the opposite for anchoring ailing entities. In a desperate face saving attempt it discarded such a funding might lead to open aid, support being provided at a punitive 10% interest rate. But BANKIA discomfiture has led to a…
By Luis Arroyo, in Madrid | We either reinforce the political union in the European Monetary Union or let the monster simply die away. These are the actual choices we have, and one must admit that a euro termination does not sound as the craziest option, not after four years of unstoppable recession and walking at the brink of the abyss. It is a possibility no one wants to study,…
LONDON | The exchange traded funds or ETF platform of global investment company BlackRock on Wednesday announced the launch of eight funds that will provide targeted exposure to the sovereign debt of eight euro zone countries. The launch pushes on the expansion of iShares’ fixed income range to meet growing interest in fixed income ETFs, and to satisfy demand for more specific exposures within the asset class, iShares said. iShares…
By Tania Suárez, in Madrid | The markets are looking very closely at Greece after the negotiations for the bailout froze due to issues involving the private sector participation. The press is now speculating over a possible 68% haircut to bear by creditors as reported in the Financial Times on Wednesday. As Nordkapp analysts explain this is the road toward a deleveraging frame “upon which the solutions to the European…