Debt consolidation includes the law that the consolidated financial statements of a company should be as if all companies belonging to it were a group or a unit. These should be not only legally but also economically a whole and there should be no debt positions or claims against each other. Prepaid expenses and contingent liabilities […]
The groups are positioned before the next negotiation of regional financing
Some positions that have been revealed this week in a monographic debate held at the Assembly of Extremadura, at the request of the Board, on regional financing, in order to agree on the common position that Extremadura will defend in this negotiation with the central government and the rest of autonomous communities. This […]
The base of off-shore credit issued in dollars and its problems
Foreign savings entering the US and its function of boosting the valuation of financial assets. But how can the dollar be simultaneously a base for off-shore dollar credit, the second aspect and condition for the existence of the dollar as a hegemonic international currency? The answer to this question is simple: what accumulates in the […]
Bankia and five other banking groups adhere to the Code of Good Practices
Bankia, CaixaBank, Ibercaja, Unicaja, Kutxabank and the BMN group have also joined the Code of Good Practices to stop the evictions of families at risk of social exclusion and the rest of the savings banks are expected to do the same. The six large boxes that make up the executive of the CECA have been […]
Review of the 2010 fiscal year and growth in the US
We will give a very brief comment on the latest budget data released by the Treasury. The reference period is the fiscal year 2010. The annual budget deficit stands at $ 1291 billion, or $ 259 billion less than the deficit anticipated by the US Treasury. The US has therefore reduced the budget squeeze because […]