BARCELONA | By CaixaBank Research | Corporate debt has fallen from the peak of 1,495 billion euros recorded in 2010 (144.4% of GDP) to 1,372 billion in the fourth quarter of 2012 (131.7% of GDP).
MADRID | By Ricardo Cantalapiedra | capitalmadrid | A significant body of proof suggests the disasters in the sector were caused not by the institutions itself, but by their executive members. The Bank of Spain will be charged with supervisory powers.
LONDON | We know what The Daily Telegraph did last weekend. On Saturday 22, its daintly designed Business pages brought a report that fitted in two short columns some risk agency quotations and Spanish politicians’ chit-chat about ongoing disagreements as far as the future of the cajas is concerned. “Spain to merge cajas in attempt to calm fears” the headline read, and rightly so. Yet, apparently, this piece of news had had to be tamed on its way into the paper.