Systematic “Petro-Plunder,” as we’ve come to call it, eats into Mexico’s energy sector.
“Cash retentions” by large companies come under attack in the UK.
After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost.
A classic lose-lose scenario for taxpayers that’s making the world’s richest even richer.
The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB
It is impossible to overstate the importance of tourism to Spain’s economy.
Motivated by inflation?
To diversify from the euro debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, six years later, they’re in a new crisis.
“Substantial Increase in the Risk of a Downside Scenario”: Moody’s
The botched IT migration is still dogging customers of the UK lender.