Ana Lacasa gives her opinion on the sale of financial institutions’ industrial portfolios
Listed companies have offered good liquidity, so they can be placed at any time. The only problem is that their valuations are lower to when the bank bought them and therefore any sale involves accounting losses. Other investments “are very valuable,” explains Ana Lacasa, partner at GBS Finance. “The problem is that because of the […]
Iván Dolz de Espejo talks about the National Budget
Businessmen endorse the national accounts but demand a quick execution. “Whilst we are not sure that this budget will get us out of the crisis, it is necessary to meet the requirements of the EU”, explained Iván, GBS Finance Family Office director.
Juan Esquer’s view about Spanish bailout fund in Antena 3
Santiago Hagerman’s view about Spain and its bailout found in Antena 3
Daniel Galvan states his opinion on the sale of the industrial portfolio of banks and savings banks
“Sales of ACS in Iberdrola and Repsol in Sacyr, both affected by millions of losses, proves that financial institutions are no longer willing to refinance debt”. So far this year, listed companies have sold assets worth €80,000 million. For Daniel Galvan, all “these operations are only the beginning of a divestment process that will last […]
Juan Esquer talks about the danger of a monetary union break
Also, the Spanish large fortunes are preparing for the worst. Their way to protect themselves, explains Juan Esquer, GBS Finance Partner, has been to open accounts in euro countries which they believe are safer (Luxembourg, Germany and France), in nations that operate near but outside of the Euro (United Kingdom or Switzerland) or in more […]
Juan Esquer talks about the interest rates in Spain
The Spanish debt yield curve has a very dangerous profile. The three-month debt yield is at 2.2%, while the two-year bond is now at 6.3% and the rates in the secondary market are over 7% in all stretches of maturities over five years. Juan Esquer, partner of GBS Finance, says: “Spain and Italy cannot support […]
Juan Esquer, GBS Finance Partner, gives his view on whether Spain is close to bailout
As the situation continues, experts are more inclined towards an intervention scenario. However, most of them believe that the ECB and the Commission can stop the bleeding. And that Spain still has important reforms pending. As Juan Esquer declared to Efe, the ECB has to take action, because it cannot be that in the eurozone […]
Juan Esquer gives his opinion on the collapse of the Spanish equity and debt markets
Experts believe the ECB to be the key factor that will give us some time if we want to avoid a bailout. Juan Esquer, partner at GBS Finance, believes the market is now at attractive levels to invest and is expecting some kind of moderation regarding the high yields demanded of Spanish government bonds in […]