Don Emilio Botín, undisputed Capo of Spanish banking, died. He’d transformed a regional bank into Grupo Santander, one of the world’s biggest baddest megabanks. Now the true owners are getting nervous.
German consumers are supposed to save the Eurozone – and the global economy – but economic expectations “completely collapsed” last month and now dropped again.
A true debacle is unfolding. Just when we thought the euro was finally safe.
Expect further debt crises, bank collapses, bailouts, and bail-ins.
Obscured by stock market hoopla, and under the leadership of our fearless Treasury Secretary Jack Lew, the G-20 finance honchos fret about faltering global growth.
By birth I am English, with Scottish and Welsh ancestry. I like that our cultures are rich, intertwined, yet different. But if I were Scottish and had the opportunity to escape the politics of Westminster, I’d vote for independence in a heartbeat.
Targeted by an ever tightening sanction spiral, Russian companies and individuals decided not to be sitting ducks.
She’ll be 55 before her net life-time earnings equal those of an enterprising person who left school at 16.
The “faster rotating sanctions spiral with Russia” causes the worst plunge in the history of the German consumer index going back to 1980.
A tightly coordinated campaign by the Spanish government and its corporate masters.