Banco Popular’s share price reacts amid merger rumours
Banco Popular is very like those football teams (I don’t need to give any names) which no-one knows what they are playing at. It’s not clear whether the new top management team, headed by Emilio...
View ArticleWhy Are Experts Making Upward Revisions To Their Spanish Economic Forecasts?
The leading research departments have begun to make upward revisions to their Spanish economic forecasts for 2017 and 2018. The GDP figures confirm that our economy did not lose momentum in the final...
View ArticleMarkets Welcome Draghi’s Predictability
Once again the ECB followed the expected script: it kept interest rates at 0%, where they have been for the last year; it left the deposit facility unchanged at -0.4% and did not modify the debt...
View ArticleWhy Is Spain’s Recovery Not Reaching Wage Earners?
International organisations and the leading research departments are revising their growth forecasts upwards for the Spanish economy for this year and 2018. But at the same time, they note that this...
View ArticleThe Peripheral Countries’ Debt Moves To The Political Beat
The Eurozone is showing positive signs of growth and inflation. But the risk premium levels of the peripheral countries are still very high compared with those at the start of this year. Experts put...
View ArticleIs the criticism of the ECB for its ‘democratic deficit’ justified?
The ECB is not perfect, but it is one of the few European institutions which has functioned reasonably well since the birth of the euro. Lately, however, there is growing criticism of its supposed...
View ArticleBanco Popular Deals New Blow To European Banking Sector’s Reputation
Popular has hugely damaged the reputation of the Spanish banking sector and its European counterpart after reformulating its 2016 accounts just two months after making them public. Investors are...
View ArticleWhy Are Spaniards’ Savings Rates At Decade-Low Levels?
Francisco López | The savings rate for Spanish households is currently 7.7% of their gross disposable income, the lowest level for a decade. At first sight, this doesn’t look like good news, although...
View ArticleLess Political Risk: What Will Happen Now In The Markets?
The markets’ reaction to Macron’s victory in the first round of the French presidential elections can be resumed as follows: strong rises in the European stock markets, falls in the peripherals’ risk...
View ArticleWhat Happened To The ‘Currencies War’?
A few months ago, the US authorities, with President Donald Trump leading the pack, bitterly complained about the damage the dollar’s sharp appreciation against the other main global currencies was...
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