MADRID | By Ricardo Cantalapiedra | A Southern European countries coalition is necessary to counterbalance the troika’s power.What would happen if more countries asked Russia, or even China, for help?
Euro zone’s current surplus is increasing but curbs can be seen on the horizon
CaixaBank research | The current surplus reaches almost 60 billion euros, close to the peak of 2004. Rising oil prices and the euro’s appreciation might slow up the pace of growth in the current surplus.
The euro zone tames government deficit but debt rises
Euro area and European Union government deficit has reached 4.1% and 4.4% of GDP, respectively. Government debt is at 87.3% and 82.5%, according to Eurostat.
Euro zone: different GDPs, not so much with retail sales
By CaixaBank research team, in Barcelona | Economic slowdown is difficult to stabilise within a context of rising uncertainty that hampers aggregate demand. Economic activity slowed down in the first quarter of the year with negative growth of 0.1% year-on-year, as shown by the detailed figures for gross domestic product in the first quarter. Private [...]
“Grexit would be good for the euro, but not for German exports”
By Tania Suárez, in Madrid | Fernando Luque is analyst and editor for Morningstar. In a conversation with The Corner, he said that Greece will not withdraw the euro because “that possibility is no good for anybody, neither for Greece, nor for Germany.” Luque explains that there are no shortcuts to solve the Greek crisis, [...]
How long until core euro countries hurt?
The seemingly dead weight of the peripheral economies continues to mark a divide within the common currency region. The overall picture, unavoidably, registers the cut. GDP fell by 0.2% in both the euro area and the EU during the second quarter of 2012, compared with the previous quarter. Also according to flash estimates published by Eurostat Tuesday, [...]
Curbing Germany’s economic enthusiasm
That the peripheral economies of the euro zone show time and again evident scars of a struggling performance is bad news, but known bad news after all. The close scrutiny to which Spain and Italy are being subjected leaves little room for surprises. All the alarms get restless, though, when core Europe somehow stumbles. And Germany [...]
Euro zone enters half of top 10 Visa spenders during London Olympics
LONDON | Kevin Burke, director at Visa Inc, believes that the Olympics work as a showcase for athletics, and the same goes for tourism. Burke released Wednesday data on Visa accounts spending levels of international travelers during the second week of the London 2012 Games, which reached $716.7 million. The figures mark a steady line, [...]
Spail-out?
By CaixaBank research team, in Madrid | According to the Spanish Royal Academy, «rescatar» or bail out in Spanish is to release from danger, harm, trouble or oppression. Given the misgivings that the outcome of the Greek elections might lead to the country leaving the euro, something that would have hindered the considerable financing needs [...]
Where is the euro’s road map?
By CaixaBank research team, in Barcelona | After the first six months of the year, it’s time to think about the current situation of the economy and its prospects for the second half of the year. There are two main lines along which the euro area’s activity is running. Firstly, the consensus that its institutional [...]
