Sunday 26 December 2010

Monday 6 December 2010

Joseph E. Stiglitz

Alternatives to Austerity
by Joseph E. Stiglitz - Project Syndicate, Spanish version in Economic2b

Monday 29 November 2010

Krugman & Spain

The Spanish Prisoner
By PAUL KRUGMAN, Spanish version in Economic2b

Emilio Ontiveros


Last Tuesday 23rd, I and some classmates (the students of Emilio’s Refreshment Stall) attended a lecture given by Emilio Ontiveros on the occasion of the opening of the academic year 2010-2011 at the University of Ontinyent. Emilio Ontiveros is a professor of economics in the Autonomous University of Madrid. He is also the founder of AFI (International Financial Analysts). Nowadays he is one of the most popular economic and financial analysts of our country.
He spoke about the crisis that began in 2007 and, as everybody knows, has not finished yet. The crisis began in June-July 2007. After nearly thirteen years of continuous growth, the unemployment began to rise.
The epicentre of that crisis lies in EEUU, the most important economy all over the world. The EEUU has been forced to use policies that no one expected the EEUU would need, such as the nationalization of the banking.
Ontiveros also spoke about the European problem of the exchange rates. He highlighted the importance of a common economic policy in Europe. Otherwise, countries which today are using the euro will be forced to return to their old currency.
A part from that, Ontiveros talked about the recent rescue of Ireland thanks to the UE, initially Ireland didn’t accept the rescue but finally accepted it because there was no choice. Accepting it was the only way to avoid the difficult situation in which the country was involved. Emilio Ontiveros said that there are more countries which can be in the same situation as Ireland, for instance, Portugal.
Talking now about the case of Spain we have to stress that our main problem is the unemployment rate (about 20.5%). Spain is one of the countries with the lowest public debt. Nevertheless, our private debt is very high. What do we have to do to decrease this rate? In order to increase the demands first we will have to create new jobs, in that way the unemployment will decrease and the people, as they are working, will buy more things. The secret is in the reliance of the citizens. Bit by bit the unemployment will decrease and the demand will increase. Attending the words of Ontiveros we will have to wait more or less 3 years time. Finding the way to create new jobs is not an easy task.
In conclusion, Ontiveros explained to us the reason of the crisis and the situation that we are living today in a clearly and summarized way. It was very interesting and I am very proud to have listened to a person who knows exactly the situation that we are living all over the world.
The lecture finished with the intervention of the president of the University of Valencia and the mayor of Ontinyet who presented the IX awards “Juan José Renau Piqueras”.

ANDREA GARCÍA – CHAMÓN BRÍGIDO

Sunday 28 November 2010

Monday 15 November 2010

Monday 25 October 2010

FERROVIAL

Ferrovial to sell 10% stake in BAA
Ferrovial will remain the largest investor in BAA after the sale Spanish airport operator Ferrovial has said it will sell a 10% stake in BAA, the operator of Heathrow airport.

Sunday 24 October 2010

Wednesday 20 October 2010

Europe crisis

Debt Rising in Europe,


Video. The Austerity Zone: Life in the New Europe

VAT

EU proposes new Europe-wide VAT
The 27 member states pay a fixed contribution to the EU budget The European Commission has put forward proposals for direct EU taxes on member states, including a possible EU-wide value-added tax (VAT).

Sunday 17 October 2010

Sunday 3 October 2010

Monday 27 September 2010

Spanish budget

Spain's government approves 2011 austerity budget

The Spanish government has approved an austerity budget, including a tax rise for the rich and 8% spending cuts.

Sunday 26 September 2010

Monday 20 September 2010

Standards of living

Beyond GDP
A new global comparison of standards of living

Monday 30 August 2010

Monday 9 August 2010

Monday 2 August 2010

Sunday 4 July 2010

Tuesday 29 June 2010

Sunday 6 June 2010

Sunday 23 May 2010

Sunday 16 May 2010

Friday 14 May 2010

Sunday 25 April 2010

Wednesday 21 April 2010

Sunday 11 April 2010

Crisis

Taking Hope in the Long View
J. Bradford DeLong, Spanish version in Economic2b.

The IMF Does Europe

Kenneth Rogoff, Spanish version in Economic2b

Saturday 10 April 2010

Thursday 8 April 2010

BA-IB MERGER

British Airways and Iberia sign merger agreement
British Airways and Spanish airline Iberia have signed a deal to merge and create one of the world's biggest airline groups.

BA and Iberia sign merger agreement
By Mark Mulligan in Madrid and Pilita Clark in London

Monday 29 March 2010

Sunday 21 March 2010

Thursday 18 March 2010

Thursday 4 March 2010

VALENCIA AND CRISIS

Dependence on 'old economy' mix fuels hangover in Valencia.

The original article does not support link, so we must puncture the WWW.ft.com website.

Monday 22 February 2010

Sunday 21 February 2010

Thursday 18 February 2010

VICENT SOLER I MARCO

Photo dated from the mid-90s

The University of Valencia holds the electoral process to renew the vice-chancellor who will manage it during the next years, and as we know, four candidates stand for this post: a Professor of Medieval History; a Professor of Pharmacology; the Professor of Financial Economics and Accounting, Maria Antonia Garcia, and the Professor of Applied Economics, Vicent Soler. It is quite unusual that four people stand for this post, and even more that two of them belong to the same faculty, in this case, the Faculty of Economics.
In March 1980, one of the candidates, Vicent Soler, started his collaboration with the teacher who writes these lines presenting to the students who filled the auditorium of the high school the book in which he worked as co-author, Introducció a l’economia del País Valencià (Introduction to the Economy of the País Valencià), and which has been a reference book for the study of the Economy in the País Valencià. So well, since then, he has been Conseller (member of the Valencian parliament), vice president of the Valencian parliament, etc. But regardless of his public office he has never dissociated himself from the University that now wants to manage, and has always found time in his full diary to visit our students.
He collaborated with the high school in many ways. We can say that there is a series of institutionalized visits, both the visit to the University and to the Corts Valencianes (Valencian parliament). It must be said that Vicent not only helped to make these visits but also he himself directed and explained exclusively for our students how the Valencian parliament works and the different itineraries of the Economics and Management studies.
In this blog we have also graphic documents of the participation of Vicent in the tribute that the Economics departments of the three state high schools paid to Ernest Lluch, a great Professor of many Valencian economists who learnt from his knowledge before his death at the hands of ETA. Vicent was his main disciple and updated the pioneering book of the Valencian economy, La via valenciana, written by Lluch.
We could go on explaining common visits and experiences, but what we want to emphasize is his compromise with the society, especially with the education at any level. We would be very happy if a collaborator of this department became vice-chancellor of the University of Valencia. He can count on all our support and confidence.


Translated by Laura Pons

Quarterly National Accounts (GDP)

Quarterly Spanish National Accounts.

Saturday 13 February 2010

EU27 GDP

Euro area and EU27 GDP up by 0.1%
-2.1% and -2.3% respectively compared with the fourth quarter of 2008

German economic recovery falters
Germany's recovery from recession faltered in the final quarter of 2009, according to preliminary figures released on Friday.

Friday 12 February 2010

Spain's economic stagnation

The zapping of Zapatero
After procrastination and paranoia, it is high time for some prime-ministerial leadership

Muddle obscures message
A prime minister caught between the unions and the bond market

Sunday 7 February 2010

Tuesday 26 January 2010

Sunday 24 January 2010

Sunday 17 January 2010

Sunday 10 January 2010

Sunday 3 January 2010