Luis de Guindos

ECB says Trump budget plans could fuel market tensions

The vice president of the European Central Bank has said that Donald Trump's spending plans risked inflating the U.S. government's budgetary deficit and spreading worries on markets.

The United States already has a public debt ratio close to 100 percent of gross domestic product, and a spending deficit close to seven percent, Luis de Guindos said at a banking conference in Frankfurt.

Incentives for the merger of companies with bad loans

The new bankruptcy law that the government is working on will offer incentives for the merger of companies that have nonperforming corporate loans entering a restructuring process, according to sources. The aim is to have the bill voted into law by the end of April, in line with the country's pledges in the process of the post-bailout enhanced surveillance.

ECB's De Guindos says coronavirus outbreak creates uncertainty

The European Central Bank sees early signs of stabilization in the global economy and inflation remaining at the same levels over the next 12 months in the eurozone, the ECB vice president said on Monday, but he cautioned that the coronavirus outbreak in China is creating uncertainty.

Catalan Uncertainty Paralyzing Regional Investment, Spain's Economy Minister Says

 Investment projects in the northeastern region of Catalonia have been paralyzed and the sale of a stake in state-run lender Bankia put on hold because of the current political uncertainty, Spain's economy minister said on Thursday, Reuters reported.

Spain says Eurogroup may block Greek loan if officials not granted immunity

The Eurogroup may block an 8.5-billion-euro credit lifeline to Greece if the country does not grant immunity to privatization agency officials from Spain, Italy and Slovakia, Spanish Economy Minister Luis de Guindos said on Friday.

In 2015, a Greek prosecutor charged three officials at the country's privatization agency over a sale and lease-back deal of 28 state-owned buildings.

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