The European Central Bank (ECB) announced on 2 May its decision to cut the interest rate on its main refinancing operations by 25 basis points to 0.50%, and the rate on its marginal lending facility by 50 basis points to 1%. These moves could have a positive impact on the...
(0) Comments | Posted 4 March 2013 | (12:13)
The risk of a Cypriot default has fallen with the decisive victory of the centre-right candidate, Nicos Anastasiades, in the presidential election on 24 February. However, the risk has not entirely gone away and tough bail-out negotiations lie ahead for the new president.
The leader of the opposition centre-right Democratic...
(0) Comments | Posted 5 October 2012 | (09:59)
The combination of recession and austerity are fuelling the escalation of social unrest and separatist sentiment
Spanish society is currently experiencing one of its most unstable periods since the end of the Franco era almost 40 years ago. As a consequence of the economic and financial crisis currently under way...
(1) Comments | Posted 29 June 2012 | (09:08)
In the past two weeks, Spain and Cyprus have formally applied for eurozone rescue packages. Each case is a lesson for the eurozone and offers some indications of what the outcomes of the EU summit on June 28-29 should be.
The first lesson, which can be learned from the Cypriot...
(0) Comments | Posted 3 May 2013 | (11:45)