Spain’s banking reform: a bailout of the status quo
If a couple of months ago we warned about the eerie similarities between Mexico’s 1994 financial fiasco and what is now taking place in Spain, the latest details on the Spanish financial sector bailout continue to remind us not to underestimate politicians’ readiness to undermine whatever is [...]
The debate on how to deal with false or misguiding campaign speech is neither new nor likely to be resolved soon, but as Europe’s economic crisis continues to deepen, and as social and political tensions rise, elemental questions of democracy once limited to seemingly distant European Union institutions are now spilling over to national governments.
In the [...]
There is risk and there is Risk and Tim Price points out that the Eurozone crisis will not be fixed soon. That stocks are cheap in the Eurozone conflates risk and volatility. Cheap doesn’t mean riskless in this case. Where to go? Gold and non-Eurozone/US sovereigns. Or as he puts it, [...]
As the financial crisis in Spain heightens and pressure mounts on its banks to increase provisions to cover losses from real-estate exposure, recent disinvesting moves by Spain’s two largest financial entities in Latin America begin to cause concern in the region.
This is particularly the case in Mexico, a country whose top financial entities, BBVA-Bancomer [...]