Today Does price stability entail financial stability?
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The Corner contextualizes the EU’s economy from Spain with exclusive analysis from market leaders.

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oil sector

Oil sector – Drilling deeper: It’s the demand, stupid

World economy

May 25, 2015 | BNP Paribas | Data highlights that there is more pain to come for Drillers for the foreseeable future…and the opportunity for further offshore deflation for E&Ps and Majors. 

In Europe

Spanish elections: A new political map

MADRID | May 25, 2015 | By Fernando G. Urbaneja | The conservative Popular Party has its worst election in two decades, losing a big chunk of power in cities and regions on Sunday. Corruption scandals and high unemployment resulting from the economic crisis severely punished traditional parties, which now need to form coalitions with emerging groups Ciudadanos and Podemos.

Mariano Rajoy

Bonds to tackle Chinese local debt

BEIJING | May 24, 2015 | By Zhang Yuzhe, Huo Kan and Xing Yun via CaixinA bond program that takes aim at China’s local government debt problem could raise 1 trillion yuan, yet cut creditor yields.

china local bonds
In Europe

Kostas Karamanlis as comeback kid?

ATHENS | May 23, 2015 | By Nick Malkoutzis via MacroPolis | A number of eyebrows were raised last week when an opinion poll suggested that former Prime Minister Kostas Karamanlis, who oversaw Greece’s fiscal derailment between 2004 and 2009, is the most popular candidate to take over from Antonis Samaras as New Democracy leader. 

kostas karamanlis
World economy

Persistently problematic productivity

May 22, 2015 | UBS | Why has real GDP growth been surprisingly weak compared to job gains? Why do some economists expect only slowly-trending GDP expansion in the coming years? Why has the unemployment rate fallen more often than expected? 

In Europe

Cheap euro boosts Spanish exports

MADRID | May 22, 2015 | By Francisco López | The Spanish economy is beating new records mainly thanks to external factors. According to the latest data, exports of goods totalled €23.2 billion in March, the best monthly figure since 1971. The euro price fall has been crucial.

In Europe

Draghi calls for (more) structural reforms and economic flexibility in Europe

The Corner | May 22, 2015 | “Structural reforms that reverse the downward drift in potential growth are now vital for the euro area, which is why I believe, as the guardian of the currency, we have a legitimate interest in talking about them,” ECB’s president Mario Draghi said in a speech in Sintra (Portugal). He praised the ECB’s monthly bond purchases but insisted that monetary easing needs to be combined with reforms.

Mario Draghi