The general manager of the Andorran Banking Association, Esther Puigcercós Font, tells Stefanie Linhardt how the country's banks are becoming more transparent, and explains how they are adhering to EU standards despite the country not being a member of the union.
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Andorra’s finance minister, Jordi Cinca, explains to Stefanie Linhardt how budget consolidation and investment in tourist infrastructure are aiding the country’s slow but steady recovery from recession.
With the UK government’s deadline for triggering Article 50 of the Lisbon Treaty approaching, The Banker looks at the European financial centres set to gain the most from London’s potential estrangement from the European financial scene.
Andorra is attempting to raise its profile on the international stage by drawing attention to its increasing transparency and attractively low taxes. Stefanie Linhardt reports.
The risks of blind fiscal expansion to generate growth are too great. The priority should fall upon fiscal consolidation and improving the quality of public finances instead.
There is cautious optimism that Greece's economy will return to growth in 2017, though much could happen over the next 12 months to quell these hopes. However, as Stefanie Linhardt reports, great importance is being attached to the country being given access to the ECB's quantitative easing programme.
Risk-averse institutional investors have historically shied away from large-scale infrastructure investments in emerging markets, but new collaborations with multilateral institutions are now tempting public and private institutions into such projects. Stefania Palma reports.
With deposits in Greek banks down substantially and unlikely to return soon, a top priority is to reduce the country’s non-performing loan burden, writes Stefanie Linhardt.