International Economics

US-EU trade negotiations: what is at stake?

Federico Steinberg. ARI 13/2014 - 6/3/2014.

The trade negotiations between the EU and the US are motivated more by geopolitical than economic considerations.

Spain’s banking crisis: a light in the tunnel

William Chislett. ARI 11/2014 - 21/2/2014.

The Spanish banking system, hard hit by its massive exposure to toxic real estate assets following the collapse of the country’s property market in 2008, is on the mend.

The Geopolitics of the TTIP seen from Beijing

Miguel Otero-Iglesias. Expert Comment 78/2013 - 11/12/2013.

Chinese officials have the suspicion that both the currently negotiated Trans-Pacific Partnership (TPP) agreement and the TTIP project pushed forward by the Obama Administration have economic but also geopolitical objectives.

Spain’s exports: the economy’s salvation

William Chislett. ARI 47/2013 - 4/12/2013.

Spain’s striking export success has enabled the economy to emerge from recession and helped to turn around the current-account balance. Structural adjustment is shifting the engine of the economy from domestic sources of growth into an export-led model.

Nabucco’s coup de grâce

José Miguel Roncero and Enrique San Martín. Expert Comment 71/2013 - 12/11/2013.

On 28 June 2013 the Shah Deniz Consortium (SDC) took a historic decision that put an end to a decade-long pipeline race to bring Central Asian gas to Europe. The big loser was Nabucco, a project that the European Commission once considered ’strategic’ for the opening of the Southern Gas Corridor.

Whose Central Bank?

Federico Steinberg. Expert Comment 68/2013 - 29/10/2013.

Recently, a further subject for debate has appeared concerning the ECB’s policies which, although less newsworthy than its position on the purchase of public debt in troubled economies, may be even more important for the euro’s future: what to do in view of the fall in the inflation rate.

The short-sightedness of the EU’s long term energy infrastructure vision

Gonzalo Escribano. Expert Comment 65/2013 - 23/10/2013.

On 14 October the European Commission made public its selection of the first set of Projects of Common Interest (PCIs) regarding Europe’s energy infrastructure. The most remarkable aspect in the Communication is how short-sighted the European Commission’s long-term energy vision for Europe looks.

Mounting pressure on Moroccan economic policy reform

Gonzalo Escribano. Expert Comment 59/2013 - 8/10/2013 .

Since the November 2011 legislative elections, the Moroccan government led by the Justice and Development Party (PJD) has struggled to keep the economy on track despite the global economic crisis –which has severely affected its main southern EU partners– and the impact of the Arab revolts.

Emerging Spain?

William Chislett. WP 12/2013 - 4/10/2013.

Spain is coming out of recession, but the crisis is far from over. The government cannot afford to rest on its laurels and relax the pace of reforms. To do so, would store up problems for the future.

After the storm: international monetary implications of a reborn euro

Federico Steinberg. WP 13/2013 - 8/ 7/2013.

A reborn Euro Zone will have more international monetary power, but it is unclear if it will be a stabilising or a destabilising force for the IMS.