Jaime Caruana, governor of the Bank of Spain, talks to The Banker about the Spanish economy. These are edited excerpts from the interview.

Spain’s government seems more focused on social policy and political pandering than on the tough reforms that are needed to keep the economy flourishing. Karina Robinson reports from Madrid.

Antonio Brufau, chairman and CEO of Repsol YPF, tells Karina Robinson of his softly-softly response to Latin American energy nationalism.
Antonio Brufau is CEO and chairman of Repsol YPF, one of the top 10 listed oil companies in the world. He is involved with leading Spanish gas distributor Gas Natural in its hostile bid for Endesa, the Spanish utility.

The deal struck between National Bank of Greece to buy Turkey’s Finansbank is likely to be the first in a line of cross-border acquisitions. Kerin Hope reports.

National Bank of Greece’s purchase of Turkey’s Finansbank, and other cross-border deals, counter continent’s protectionism adherents.

Peter Wise reports on the new laws billed to overcome impediments to investing in Portugal’s debt market.

Millennium BCP’s bid for Banco BPI will make competition in the banking sector even more fierce, even if it fails. Peter Wise reports.

Fernando Teixeira dos Santos, Portugal’s finance minister, tells Peter Wise of his radical public sector reform plans.

The prospect of four years of political stability has helped lift the pessimism that has surrounded Portugal’s economy. Peter Wise explains.

Privatisation is sucking in unprecedented levels of foreign direct investment to Turkey. Metin Demirsar reports.