Sober Look

In recent months the ECB has been dismissing reports showing declining inflation in the Eurozone. Officials have been calling the situatio...

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 Spanis...

In spite of some positive economic signals out of the Eurozone ( see Twitter chart ), the area continues to struggle with credit growth. T...

It is remarkable just how much faith the markets are placing in the Eurozone's stability these days. This is especially surprising giv...

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...

As European banks find some private sources of capital to fund themselves, they continue to repay their ECB loans - particularly in the 3y...

CNBC ran an interesting story today about the possibility that Spain may begin an economic recovery fairly soon. In particular, two items ...

Spain's banking system continues to struggle, with Bankia reporting more losses and tapping the government's bailout vehicle. Th...

Unlike Goldman, whose economists do not expect Spain's GDP growth to turn positive until 2015 ( see post ), Barclays is projecting a m...

Spain's large temp labor force ( see discussion ) should help reduce unemployment quickly, once recovery takes hold. But given the sor...

The media has given a great deal of attention to Spain's extraordinarily high unemployment rate, which has exceeded that of the US dur...

Independence fervor in Spain's region of Catalonia is growing. Driven by severe austerity measures, the population believes that by br...

The EC today announced that Spain has met its economic and fiscal requirements put in place by the EU. MNI : - The European Commission s...

In late August JPMorgan argued that the ECB's OMT (Outright Monetary Transactions) program should start with Portugal ( see discussion...

Guest post by Marc Chandler ( www.marctomarket.com ) Spanish Prime Minister Rajoy has continued to indicate that he will formally requ...

Spanish regional downgrades should not have been a surprise. After all, regional credits are generally tied to the national rating in most ...

An important indicator will be released tomorrow at 10am Madrid time - the August proportion of bad residential and corporate loans in Spa...

The recent downgrade of Spanish debt by the S&P is not going to have a significant effect on the bonds' eligibility as collateral ...

Kostas Kalevras had another good post on the latest data release from the Bank of Spain ( here ). The good news is that Spanish banks'...

With Spain's recession deepening, the nation's service sector continues to struggle. Service industries such as hotels and restaur...