Country Report: Portugal

PRIME TARGET   By Vanessa Drucker   Portugal is being held up as a model of reform in meeting its fiscal restructuring targets, but it faces a drag on growth from financial sector deleveraging. Meanwhile, Portuguese firms have become prime ...

The Fate Of Europe In The Balance

NEWSMAKERS: FRANCE   By Luca Ventura   French president-elect François Hollande is a flag-bearer for adding growth incentives to a European fiscal agreement, rather than just doling out austerity measures.   Hollande elated at defeating Sarkozy Photo Credit : SKPHOTOGRAPHY / Shutterstock.com ...

Profumo Starts With A Splash At Monte Dei Paschi

NEWSMAKERS: ITALY   By Luca Ventura   When Tuscan bank Monte dei Paschi di Siena appointed the charismatic Alessandro Profumo as its new chairman in late April, the news made headlines around the world.   Profumo is ready for the challenge ...

No Joy For Rajoy

NEWSMAKERS: SPAIN   By Anita Hawser   Spanish prime minister Mariano Rajoy is probably glad he is not running for office at present.   Tough task to sort out Spanish banks Photo Credit : MATTHI/ Shutterstock.com Having swept to power in elections ...

Danish Banks Fire Moody’s For “Business Reasons”

MILESTONES: DENMARK   By Gordon Platt   Moody’s Investors Service says something is rotten in Denmark’s mortgage industry. The country’s banks are still issuing interest-only loans, years after the real-estate bubble burst.   Copenhagen still home to interest-free mortgages Meanwhile, Denmark’s household ...

Shotgun Wedding For Spanish Banks

MILESTONES: SPAIN   By Vanessa Drucker   The merger agreement between CaixaBank and Banca Civica smacks of a shotgun wedding—for Civica, anyhow.   Spanish banks forced to tie the knot by capital requirements CaixaBank, Spain’s largest bank by retail branches, is ...

Reding Lobbies For Board Member Quotas

NEWSMAKERS: EUROPE   By Valentina Pasquali   In the European Union, women comprise 60% of university graduates but only about 12% of corporate board members.   Reding: Tackling red-hot issues such as gender parity The European Commission has decided to take action ...