Italy and Spain are suffering Great Depression levels of unemployment. Collectively, there population is roughly 105 million, which is nearly one-third of the eurozone’s total population of roughly 330 million.
Tag Archive for Spain
Contributors- Economic and Financial, Must Read, William Black
The Troika and the New York Times Bury the Issues, not just the Lead – Bill Black
by William K. Black • • 0 Comments
An economy like Spain is suffering from grotesquely inadequate demand. Monetary policy can make things worse, but it cannot produce a rapid recovery in such circumstances. Fiscal policy can.
Contributors- Economic and Financial, Must Read, William Black
Spain Rains on Rehn’s Austerity Victory Parade: Unemployment Rises to 26% – Bill Black
by William K. Black • • 0 Comments
Spain is so large and its unemployment is so severe that “Almost a quarter of all the unemployed in the 28-country European Union live in Spain
Contributors- Economic and Financial, Must Read, Taken Down
Spain-Italy 10-year spread drops below zero – Sober Look
by Sober Look • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. In the spring of 2012, Spain’s 4th largest bank Bankia requested a bailout of €19 billion and it became clear that the whole of Spanish banking system will need government support. The world’s markets had suddenly shifted their…
Contributors- Economic and Financial, Must Read, Taken Down
Credit growth remains the weakest link in Eurozone’s recovery – Sober Look
by Sober Look • • 0 Comments
In spite of some positive economic signals out of the Eurozone (see Twitter chart), the area continues to struggle with credit growth. The latest loan growth measures still look quite bleak. We may however be seeing the first signs of the bottoming out…
Contributors- Economic and Financial, Must Read, Taken Down
All is well in the euro land – Sober Look
by Sober Look • • 0 Comments
It is remarkable just how much faith the markets are placing in the Eurozone’s stability these days. This is especially surprising given that less than a year ago we were staring at the collapsing Spanish banking system and the nation’s government’s in…
Contributors- Economic and Financial, Must Read, Taken Down
With the ECB easing inevitable, periphery yields hit new lows- Sober Look
by Sober Look • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As France and Germany PMI measures converge on the rest of the Eurozone and with the area as a whole in a contraction mode, it is becoming increasingly clear that the ECB is likely to ease monetary policy…
Contributors- Economic and Financial, Must Read, Taken Down
Trends behind declining LTRO balances; Italy overtakes Spain as the largest LTRO borrower – Sober Look
by Walter Kurtz • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. As European banks find some private sources of capital to fund themselves, they continue to repay their ECB loans – particularly in the 3y LTRO program. FoxBusiness: – Next week, nine banks will repay just over 4 billion…
Contributors- Economic and Financial, Must Read, Taken Down
Good signs from Spain but full recovery is some time away- Sober Look
by Walter Kurtz • • 0 Comments
CNBC ran an interesting story today about the possibility that Spain may begin an economic recovery fairly soon. In particular, two items that are worth pointing out may provide some tailwinds for Spain’s economy.1. Exports:CNBC: – … a healthy export…
Contributors- Economic and Financial, Must Read, Taken Down
Spain’s banking system bleeding contained for now – Sober Look
by Walter Kurtz • • 0 Comments
This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. Spain’s banking system continues to struggle, with Bankia reporting more losses and tapping the government’s bailout vehicle. The Guardian: – Spain’s answer to RBS – Bankia – published the worst results ever seen by a Spanish corporation, racking…
