Tag: interview

"Debt Doom Loop" in Spain; Deficit Target Impossible Once Again; Bond Rally Masks European Macro Problems
January 16, 2013 0

"Debt Doom Loop" in Spain; Deficit Target Impossible Once Again; Bond Rally Masks European Macro Problems

By News Desk

Bloomberg reports Draghi’s Bond Rally Masks Trapping Spain Debt Doom Loop . The bond rally has sent Spanish borrowing That costs to 10-month lows has distracted attention from the nation’s growing debt pile. Spain’s budget deficit probably exceeded 9 percent for a fourth year in 2012 as Europe ‘s highest unemployment rate, a third recession in four years and the cost of bailing out its banks offset almost all of the government’s 62 billion euros ($ 83 billion) of spending cuts and tax Increases, According To Economists at Societe Generale SA (GLE) , Lombard Street Research and the Madrid-based Applied Economic Research Foundation.

Catalonia Drafts Declaration of Sovereignty, Announces Vote of Independence, Seeks Self-Determination in 2014
January 13, 2013 0

Catalonia Drafts Declaration of Sovereignty, Announces Vote of Independence, Seeks Self-Determination in 2014

By News Desk

Via Google translate from El Pais, please consider Catalonia proclaimed "sovereign subject" The Catalan Parliament proclaimed that Catalonia is "legal and sovereign political subject" in the vote will mark the formal start of the independence process and solemnly opened by the President of the Generalitat, Artur Mas . The Catalan House will vote on the first floor of the legislature, scheduled for the 23th, the statement called sovereignty of Catalonia, first step to call the query for self-determination in 2014.