International Economics

Give Greece a chance… again

Miguel Otero-Iglesias. Op-ed - 10/7/2015.

Angela Merkel must not amputate the Greeks from the eurozone.

How to avoid a Grexit

Federico Steinberg and Miguel Otero-Iglesias. Op-ed (English version) - 8/7/2015.

Greece needs to make reforms if it is to return to growth, and it is more likely that this will happen inside the euro than outside. The key is to reactivating the logic that has worked so many times before in Europe: solidarity in exchange for reforms.

The international position of Spanish companies: on the rise

William Chislett. ARI 36/2015 - 6/7/2015.

Spanish companies stepped up their direct investment abroad in 2014, but it was still far from the pre-crisis annual average between 2005 and 2007.

We should welcome a Greek referendum

Miguel Otero-Iglesias. Op-Ed - 29/6/2015.

Let democracy concentrate minds in Athens — and in Brussels. The Greek population needs a referendum, and if Brussels and Berlin want a yes vote, they still have two weeks for changing their narrative.

The limits to German power in the Eurozone

Federico Steinberg & Mattias Vermeiren. ARI 25/2015 - 11/5/2015.

Although Germany appears to be an uncontested hegemonic power in the post-crisis Eurozone, its power is more limited than is commonly understood.

What are the prospects for the new Chinese-led Silk Road and Asian Infrastructure Investment Bank?

Mario Esteban and Miguel Otero-Iglesias. ARI 23/2015 - 17/4/2015.

The new Silk Road is the most ambitious international initiative yet to be launched by the Chinese President, Xi Jinping. This policy has many strands, one of the most prominent being the creation of the Asian Infrastructure Investment Bank. We examine its possible implications for Europe, including Spain.

Document of interest: World Economic Outlook (WEO) (Update April 2015)

. MI/DI - 15/4/2015.

Última revisión del informe semestral del Fondo Monetario Internacional (FMI) sobre las Perspectivas Economicas Mundiales. Según éste se prevé que el crecimiento sea más fuerte en las economías avanzadas en 2015 que en 2014, mientras que en las economías de mercados emergentes y en desarrollo se espera que sea más débil, lo que también indica unas previsiones más moderadas para algunas de las grandes economías emergentes y exportadoras de petróleo. España crecerá un 2,5% este año.

According to the latest edition of the World Economic Outlook (WEO) –released on April 2015- ‘growth is projected to be stronger in 2015 relative to 2014 in advanced economies, but weaker in emerging markets, reflecting more subdued prospects for some large emerging market economies and oil exporters’.

Spanish companies in new wave of acquisitions

William Chislett. Expert Comment 23/2015 - 26/3/2015.

After a lean period Spanish companies have returned to acquiring firms abroad, in another sign of the economy’s quickening recovery and increased business confidence.

Spanish banks’ internationalisation: Sabadell offers to buy UK’s TSB

William Chislett. Expert Comment - 18/3/2015.

In the latest drive to conquer banks abroad, Banco de Sabadell has boldly offered €1.7 billion for TSB, the UK retail bank carved out of the ailing Lloyds Banking Group two years ago.

Ciudadanos gains ground in Spain’s new political landscape

William Chislett. Expert Comment 17/2015 - 9/3/2015.

The far-left anti-establishment Podemos (‘We can’) is not the only party that is challenging Spain’s discredited two-party system. The centrist Ciudadanos (Citizens’ Party) is rapidly gaining support outside of its Catalan base.