The Euro crisis after the Spanish elections

http://www.youtube.com/watch?v=gQDgtquih1Q

Curriculum

David Pérez Calvo

C/Manuel Paez Xaramillo 4ª 19002 Guadalajara

Mobile phone: 662489501 Other Contact Phone : 949213489

E-mail: davidperez2012@hotmail.com

Place and date of birth: Guadalajara, 31 of July of 1993

Academic training

- 2004-2008: E.S.O. in Maristas Champagnat school

- 2009- 2011: BACH in Salesianos High school

- 2011 PAU: exam and now I’m in the university of Alcala in Guadalajara

Work Experience

- I have worked in the Santander bank doing their accounting

- I have worked in Mc Donals company

- I have worked in my father’s company

Other data of interest

Course of typing

I speak fluentSpanish and English

Driving license

Creative and efficient

Cover Letter

It is pleasant to me to manifest them my wish to work in this company as it adjusts to my characteristics.

I have focused my career in the direction and administration of the company. Therefore I consider that my training and my professional experience in the sector, allows me to be dynamic, professional, and enterprising and with aptitudes to work in team.

I’m very hard worker and I get well with other people I also am very responsible.

Thanks by your attention loaned.

David Pérez

Personal Comment

I chose these articles because they are current events that are happening right now in Europe and especially in Spain with elections. These events are occupying many front pages of newspapers.

In the first article is good news because it means more confidence in markets outside Spain and all thanks to the new Prime Minister Mariano Rajoy.

In the second article talks about what happened at the headquarters of the European Union because Britain would not agree with the proposals being made by European countries. This reaction of Britain has produced an upset in the member countries of the European Union.

In the third article talks about what happened in the inaugural address of President Mariano Rajoy of Spain, in the speech talks about how the deficit will redican Spanish state in this legislative and other measures to take in the next three months.

The Treasury puts more debt than expected and paid less than half

Success in the last Treasury auction of the year. Spain has placed EUR 5.639 million in letters three and six months and has managed to divide by three the interest of the first and the halving of the latter.

The goal was 4,500 million euros. Shortly after the auction, the very 'Financial Times' placement greeted with an article titled 'Viva Espana' and stressed that the results push up the price of the euro.

Also, the economic daily indicates that behind the success of the placement is the European Central Bank, which performs on Wednesday's first offering low cost loans to banks in the region with a maturity of three years, a measure aimed specifically to entities to acquire debt of countries like Spain or Italy.

Spain has awarded EUR 3.717 million in letters to three months with an average interest of 1.735%, almost a third of the 5.11% used in the previous auction, just a month ago. Demand exceeded supply by 2.9 times.

Spain has also placed 1.922 million in letters to six months with an average yield of 2.435%, less than half of the 5.227% previously. The demand exceeded the supply 4.1 times.

At the previous auction of these names the Treasury had to pay the highest return since 1993 in the case of letters to three months, there were no letters for this period between 1994 and 2002 - and for letters to six months, the highest since 1997.

The auction, which was held the same day that the Congress of Deputies will ratify the election of Mariano Rajoy as the new Prime Minister, seems to show that the market has welcomed the general guidelines of the next government.

This is the last time the Treasury is subject to the scrutiny of the markets in 2011, and will not return until January 5, with a bond issue. On January 12 held an auction of bonds, the January 17 letter to one of 12 and 18 months and another 24 points to 3 and 6 months.

Britain boycotts IMF eurozone rescue scheme

European countries have agreed to provide 150bn euros (£125bn; $194bn) to the International Monetary Fund.

The money could be used to help countries in the eurozone struggling to pay their debts.

Eurozone countries including Germany, Italy and Spain as well as several outside the eurozone offered support.

But Britain's decision not to take part in a scheme to support the eurozone meant EU finance ministers failed to reach their target sum of 200bn euro.

The British government wants an increase in IMF resources to be part of a broader process involving all G20 nations.

"The UK has always been willing to consider further resources for the IMF, but for its global role and as part of a global agreement," the office of UK Chancellor of the Exchequer George Osborne said in a statement.

'Lack of solidarity'

BBC Europe correspondent Chris Morris says Britain is insisting that the IMF's role is to support countries not currencies.

But, he adds, some will see this as another example of a lack of solidarity from London, at a time when the eurozone is struggling to emerge from months of economic crisis.

The largest contributors to the fund were Germany and Spain.

Eurozone nations which have already had to accept international bailouts - such as Greece and Ireland - will not take part in the new scheme.

But contributions to the IMF fund have also been pledged by several countries outside the eurozone, including Denmark, Poland, Sweden and the Czech Republic.

News of the agreement came as the European Central Bank President Mario Draghi said he had no doubts that the euro would survive.

But the bank also warned that risks to the eurozone's stability had increased and that, in the worst-case scenario, there could be a return to a global recession.

In its twice-yearly Financial Stability Report it said that the risk of two large banks defaulting within the next year had risen to the highest level in four years.

The ECB also warned that some eurozone banks had become addicted to central-bank funds, and could face "significant challenges".

Spain's next PM announces deficit-cutting goal

Spain's next prime minister says his conservative government wants to reduce the country's deficit by euro16.5 billion ($21.6 billion) next year and warns that very hard times lie ahead.

Mariano Rajoy spoke to Parliament but did not say what mix of spending cuts or tax hikes might be used to get the deficit down to Spain's stated goal of 4.4 percent of GDP in 2012.

Rajoy reviewed Spanish economic figures such as its jobless rate, which he said had risen to around 23 percent. He said "the panorama could not be more somber."

Rajoy's Popular Party won Nov. 20 elections by a landslide. He has a comfortable majority in Parliament and will be voted in as premier on Tuesday, then formally take office Wednesday.

Rajoy has spoken very little since the election, making Monday's speech keenly awaited in Spain and abroad. Spain's borrowing costs have soared in recent months as investors became increasingly wary of Spanish debt, and any of his statements could affect the markets.