The Eurozone does not have a democratically legitimised European treasury and the European Central Bank has been forced to fill the gap. The solution cannot be to take the ECB out of the picture without creating a legitimate institution to fulfil that necessary role.
China must relax its domestic finance grip to allow consumers to be driving force of economy.
China would be the largest holder of Spanish sovereign debt after France.
According to the Consejo Empresarial para la Competitividad (CEC), it is possible to cut the jobless rate in Spain to below 15% as of 2018 if very ambitious structural reforms are enacted
The anti-establishment leftist party Podemos (‘We Can’) has unveiled its economic plan that is long on spending ideas and short on how to finance them.
The Chinese economy is gradually rebalancing, but for the foreseeable future investments (and not private consumption) will continue to be the main drivers of growth.
Dilma Rousseff needs to win the battle against Custo Brasil.
Spanish civil engineering, construction and infrastructure companies are winning more big contracts abroad.
The EU’s annual report on Turkey’s accession negotiations, which have advanced at a snail’s pace since they were opened nine years ago this month, is like an end-of-term student report card.
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