Hints and tips:
...Edward Hugh, the Barcelona-based economist, calls this a “chewing gum and chicken wire” improvisation....
...Yet Spain- the fourth-largest economy in the eurozone after Germany, France, and Italy – now seems dangerously close to drowning under what Edward Hugh, a Barcelona-based economist, calls the “cascade effect...
...Lex's Edward Hadas and Richard Stovin-Bradford discuss whether the politicians will find a market-pleasing solution in time....
...“I think Spain is de facto ‘bailed out’, first by the ECB buying [sovereign] bonds in the summer, and then by the LTRO,” says Edward Hugh, a Barcelona-based economist....
...Money collected to protect depositors at commercial banks will now be used to recapitalise struggling cajas or savings banks....
...Edward Hugh, an economist, says the unresolved property problem means that the focus on capital ratios is “a red herring”....
...“They have done a lot on the reforms,” says Edward Hugh, a Barcelona-based economist who studies the eurozone markets. “But are these the reforms that they really need to get growth back?”...
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