The Deputy Prime Minister, Soraya Saenz de Santamaria, stressed today that one of the “strengths” of Spain is the “political and parliamentary stability” with a horizon of four years, which drives away “ghosts” and matters “that recurrently become” . Saenz de Santamaria has been expressed in these terms during the presentation in the auditorium of [...]

The European Commission (EC) today approved the temporary increase of 10,000 million euros up to 55,000 million, the ceiling of guarantees offered by Belgium, France and Luxembourg to the bank Dexia as part of their rescue . The three countries decided to increase the limit initially set to ensure that the entity may terminate its [...]

Argentina’s President Cristina Fernandez announced today that it will change its fixed deposit in a fund dollars in Argentine pesos and encouraged his ministers and assistants to do the same, under the government’s campaign to encourage savings the national currency. “I have a one-time fixed dollar for some time (…) and I decided to put [...]

The Brazilian Finance Minister Guido Mantega admitted today that private investment has fallen in the country for fear of the global crisis, but I hope a speedy recovery because “the economy (national) can grow,” despite the turbulence . Mantega told reporters that, in compensation for the reduction of private investment, the state grew in the [...]

The prosecutor has opened an inquiry to determine if a crime could be committed during the process of creating diverse Bankia and required documentation, this entity as both the Bank of Spain expects the system to forward “with the greatest haste possible.” This was revealed in an interview, the state attorney general, Eduardo Torres-Dulce, who [...]

The European Commission (EC) today criticized the changes, “abrupt” in supporting renewable energy introduced into Spain and other countries and has called for greater coordination Twenty in terms of aid and trade in energy between them. The EU executive today presented a communication on the situation of renewables in Europe in which, on the one [...]

The chairman of the parliamentary group of the German Christian Democratic Union government (CDU), Volker Kauder, today called on Spain to ask the European rescue, given the difficulties being experienced by the banking sector. “I think Spain should take shelter under the umbrella of rescue not (problems of) the country, but by (the difficulties) banks,” [...]

The risk premium of Spain, which measures the difference to be paid to investors who buy Spanish public debt rather than German, fell today at 10.33 hours to 500 basis points, which was not the case since last May 25. After closing yesterday at 510 basis points, the spread between bond yields and ten years [...]

Tokyo stocks rose strongly today with the best expectations for the debt crisis in the euro area and the depreciation of the yen against the dollar and the euro, giving respite to exporters Nipponese. The benchmark Nikkei rose 151.53 points, or 1.81 percent, and was at 8533.53 points, while the Topix index, which groups all [...]