Banks learned in 2008 what to do

We spoke with Rafael Pampilón and José Ramon Penn Arbolidas about the evolution of the banking crisis, the little presence of the economy in the blame movement and the Bank of Spain’s concern about food inflation, among others.

Teacher IESE Jose Ramon Penn Arboledas and prof CEU San Pablo Rafael University Pampione Analysis in our podcast of the progress of the banking crisis that began with many entities in the United States and continued with Credit Suisse. They agree that in principle in Spain and Europe there should be no major problems, although they acknowledge the difficulties, for example, of a president European Central Bank: «Lagarde It’s on the edge of a moose. If interest rates don’t go up, inflation doesn’t go down, if rates go up, it could happen that the bank got into trouble because it had a different investment.

Pampion points out that “in the euro area We have one Very strong supervision. I don’t think there are any concerns that there are banks within the Eurozone that might struggle. “The banks learned in 2008 what to do to stop the crisis, and now they are doing it at full speed,” adds Ben Arbolidas.

Besides these questions, the teachers comment on other aspects of the Spanish economy that interest them. Among them, the Bank of Spain has raised its forecast for Increase in food prices For this year from 7.8% to 12.2%, the expected problems that higher interest rates may cause due to the increase in the cost of Mortgages and the Corporate loansthe fact that one in five companies begin to experience difficulties in collecting one or more debts Pension reform Increased taxes on employment, another obstacle to reducing unemployment.

See also  How do you get it to travel to the US? - rock pop

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

Leave a Reply

Your email address will not be published.

Back to top