MADRID | CAPITALMADRID.COM In the years 1992/93 the Spanish authorities struggled for longer than events recommended to keep the exchange rate of the peseta. Something similar might be going now on, but in another dimension, as the government still defends the good health of Spain’s financial system. Back then, the stabilisation mechanism in place determined [...]
A euro devaluation against sterling is on the cards, HiFX reports
LONDON | As the markets are rocked by France’s presidential elections and attention continues to linger on Spain, where official figures announced that it is once again in recession, currency specialists HiFX reported on Monday a 175% increase in euro sales. The move could benefit euro country members’ exports to the United Kingdom but it [...]
Spain is not Sweden, but it could have been
By Luis Arroyo, in Madrid | In this post of economistsview, by Economics professor Mark Thoma, there is a number of charts of several countries and their evolution post-financial crisis. The aim is to probe whether such crises leave temporary or permanent effects. Here I select the one about Spain, where we can see its GDP. In mid-1973, the first oil crisis came in and Spain’s GDP sort [...]
