ES | CA | EN | RUS |  中文
Facebook SF AbogadosTwitter SF AbogadosLinkedin SF AbogadosInstagram SF AbogadosTelegram SF Abogados

  

www.lawyers-in-barcelona.com uses cookies

We use our own and third-party cookies to obtain statistical data on the navigation of our users in order to improve our services. If you continue browsing, we consider that you accept their use. You can configure the use of cookies from your browser. Learn more

I understand

Cookies Policy

 SFT SERVICIOS JURIDICOS S.L.P., uses own and third party cookies to obtain browsing data of our users in order to offer quality services and provide a better browsing experience and to identify technical problems that may appear on the web. Likewise, if you give your prior consent through your browsing, we will use cookies, which allow us to obtain more information about your preferences and to customize our website based on your individual interests.

In accordance with Article 22.2nd of the Law 34/2202, of July 1st, of Services of the Information Society and Electronic Commerce (hereinafter E-commerce Law), this website informs you about its Cookies Policy.

WHAT ARE COOKIES?

Cookies are small data files that are downloaded in your computer and other communication devices which store information that will be saved in your browser. Cookies enable a page or website, among other issues, to retain and recover digital files about users browsing habits or any kind of devices, allowing the user to recognize different parameters and information about itself.

The user will be able to modify their browsing preferences at any time to block or disable cookies installation such in case of website accessing.

WHAT KIND OF COOKIES DOES THIS WEBSITE USE?

The website www.sfabogados.com may use third-party services that collect information for three mainly reasons:

  • Statistical process control
  • To personalize the users´ experience on our website and;
  • For the provision of services related to the above ones and other internet operations.

In particular, this website uses Google Analytics (hereinafter Google), a methodical web service issued by Google, Inc., a corporation with principal place of business at 1600 Amphitheatre Parkway, Mountain View (California), CA, Zip Code 94043, USA. For the current provision of services, this company uses collecting cookies that retain different kinds of data information, included, among others, the users´ IP address, that will be processed, stored and transmitted by Google, under its legal notice Including possible transmission of such information to third parties for legal reasons or when such third parties process information on Google´s behalf.

DO WE USE OTHER COOKIES?

To provide an optimal service, this website also uses the following cookies: 

  • Technical cookies: Are those that allows the user to browse through a website, platform or application,as well as the use of different options or services therein as, for example, the traffic control and data communication, the session identification, the restricted access parts norms, to carry out the purchase process of an order, the registration application or participation in an event, to use security elements during browsing and to store content for video or sound broadcasting or to share content through social media.
  • Personalization cookies: This type of cookie allows the user to access at the provide service with some predefined general characteristics based on its terminal criteria and preferences, such as the language or kind of browser through which they are connecting to our website.
  • Analytical cookies: Enabled by ourselves or by third parties,this type of cookies leads us to quantify the number of users to perform a measurement and statistical analysis of its activity. Due to this, we analyze your browsing on our website in order to improve the products or services that we offer.
  • Advertising cookies: This type of cookies, enabled by ourselves or by third parties, allows us to manage more efficiently the offer of advertising spaces on the website, adapting the ad content to the one of the requested service or to the users´ website activity. As a result, we can analyze your browsing background on the internet and show you banner ads related to your browsing profile.
  • Behavioral advertising cookies: Are those that allows the advertising spaces management as efficiently as possible, in which case, the editor has included on the website, application or platform where the requested service is provided. This type of cookie stores the behavioral data of users through the continuous observation of its browsing habits, which allows the development of a specific profile to show ads based on that information.

COOKIES MANAGEMENT

You can permit, block or delete the cookies installed on your computer through the configuration options of your browser.

Google Chrome:

  1. Click on the “menu” icon.
  2. Select “configuration”.
  3. Select “advanced configuration”.
  4. Select “privacy”.
  5. Select “configuration of content”.
  6. Choose the relevant function:
    1. To allow the storage of local data.
    2. To keep the local data until you quit the browser.
    3. Do not allow data to be saved from the sites.
    4. Block other sites´ data and the third party cookies.
  7. Once the option is selected, click “ready”.

Internet Explorer:

  1.  Click the “home” icon.
  2. Select “internet options” in the “tools” menu.
  3. Select “privacy”.
  4. Select “configuration”.
  5. Select the desired option and click “accept”.

Microsoft Edge (Explorer 10):

  1. Click the “plus” icon.
  2. Select “configuration”.
  3. Select “advanced configuration”.
  4. Select “cookies” in “Privacy and services”.
  5. Select the desired option in the drop-down menu.

Firefox:

  1. Click the “menu” icon.
  2. Select “options”.
  3. Select “privacy”.
  4. Select the desired option in the drop-down menu.

Safari:

  1. Click “safari”.
  2. Select “preferences”.
  3. Select “privacy”.
  4. Select “cookies and website data”.
  5. Select the desired option between the available ones.

CUSTOMER INFORMATION

Please take note that if you delete or block all cookies from this website, it is possible that part of it will not work correctly or the website quality may be affected.

The aforementioned cookie-information is not used to identify you individually and the pattern data is fully under our control. These cookies are not used for any other purpose than those hereinbefore described.

If you need more information about our Cookies Policy, you can contact us through our connecting tools. We also recommend that you check the websites of each browser for more information.

We use own and third-party cookies to obtain statistical data of the users´ browsing and to improve our services. If you accept or continue browsing, it shall be considered that you accept their use. You can get further information “here”.

 

Thursday, 17 March 2016 11:37

What if Spain leave the euro zone?

The government has put the turbo in the process of transformation of the country. In his first hundred days, he has undertaken three essential reforms applauded by Brussels and Berlin: the law of budgetary stability, financial reform and labor market reform.

It has also developed the Budget sterner state of democracy, with a cut of 27,300 million euros, superior even to that applied by the intervened countries. Just to earn the respect of their European partners and investors. And yet some and others have failed to react worse.

So far, the markets have placed us on the border of dangerous countries, almost level with Greece. The feeling, as recognized sources close to the executive, is that our European partners have abandoned us to our fate, more concerned with price stability in Germany. Thus, the hard sacrifices that have been launched not work at all; at the end of our country you will have to go, willy-nilly, to suffer the humiliation of the intervention of the troika, something that the government of Rajoy flatly opposes.

Political sources close to Moncloa consider the lack of support by the ECB -suavizada yesterday, yes, by the entity, which reopened the door to purchasing Spanish- debt could force the government of Rajoy to take a radical decision: get Spain out of the euro. But what if our country to abandon the single currency?

DIFFERENT VIEWS

All experts consulted by the Economist consider it a "traumatic" option, which would mean the death of the euro. Although there are nuances. Freemarket president, Lorenzo Bernaldo de Quiros, believes that competitiveness would win. While acknowledging that would produce a "strong cyclical capital flight, with additional problems for our financial system," also it believes that the Bank of Spain, to recover monetary policy, could inject money.

To Bernaldo de Quiros, the key would be in maintaining macroeconomic orthodoxy combined with market liberalization, a mixture that would attract investments.

However, there is a less friendly face on an abandonment of the single currency. Victor Garcia Romero, professor of IEB, warns that a divorce of the common currency would be an "automatic default". "The currency that Spain adopt a around 25-30% and depreciate our debt is denominated in euros, so a 20% encarecería" he explains. At this point also affects UCM professor Fernando Méndez Ibisate, because although the devaluation "would allow us to pay our debts, as a commitment euros, would pay more expensive."

In terms of competitiveness it would not be the panacea. Professor Garcia Romero admits that the external balance would be more positive, but warns that Spain is not an exporting country like Germany, which would not be enough. At this point differs Ibisate, who admits that Spain would be more competitive to be cheaper, but points out: would be "temporary".

CAPITAL FLIGHT

Fernando Fernandez, a professor at IE Business School, no nuances. In his opinion, leaving the euro "is not an option" but would be "condemned to a catastrophe." To begin with, would shrink 25% GDP, a "flight capital wild" would occur. And to contain such output, we should restrict access to deposits, ie a playpen. The same says Professor García Romero. And it is that our introduction of the euro, he says, would be accompanied by a flight of capital in search of stronger currencies. How to avoid it? "With a corralito" sentence. Ruben Manso, of Mansolivar & IAX, clarifies that capital flight would occur "before our departure from the euro" and added a fact: "There is no one deck that possibility."

Without forgetting the "rupture of relations within the Union". "It's become a pariah for about 25 years," warns Fernando Fernandez. So the abandonment of the single currency "is not an alternative," but whether we impose it as if we decided to "suicide".

Fernando Fernandez for Spain leaving the euro would mean the breakup of the single currency, because it also expelled to Italy. Thus, "contagiaríamos France and Germany," he predicts. Professor Méndez Ibisate this scenario does not contemplate leaving the euro. "It would be a small disaster," he says. And it is that "certainly, we would have to impoverish much more." Since IG Markets, Daniel Pingarrón not forget that the fragmentation of the euro generate more unemployment and encarecería our energy bill, because we are dependent on this matter.

Fernando P. Mendez, a member of the Editorial Board of the Economist, acknowledges that there would be more inflation, but it makes a reflection: "Between unemployment and inflation is better inflation".

PREVIOUS SCENARIOS

For IESE Professor José Pin Arboledas, leaving the euro "would be a disaster for the European project". "It is not thinkable" sentence. Manso said unable to "imagine such a situation" The solution? Ask Draghi to be able to sustain the markets. "The ECB has to keep the stability of the euro," recalls Pin Arboledas.

In the same vein Bernaldo de Quiros, who believes it is necessary for the ECB to act as lender of last resort and regrets that German "irrationality" will be opposing the monetary authority takes place, something "unsustainable" is expressed. However, Ibisate warns that "liquidity injections by the ECB are momentary solutions, not structural."

Fernando P. Mendez for our leaders have an obligation to "analyze all possible scenarios" and the output of the euro is one of them.

Before coming to raise the possibility of leaving the monetary project, experts talk about other options, such as suspension of payments or intervention. Although for President of Freemarket, intervention is unacceptable in political and economic terms.

In addition, Bernaldo de Quiros talks about the disastrous experiences of previous interventions, "Hunden the economy and are succeeded by new interventions," he explains. Nor should we forget that if you intervene to Spain "convey the idea that it does not matter that the government do the right or wrong". Teachers García Romero and Mendez Ibisate believe that markets would calm them with more reforms. For the former, the PGE "are not sufficiently restrictive" view of the market reaction. "We must avoid debt continue to grow and reduce public spending", in addition to other measures such as "touch the VAT".

Ibisate affects another point: the Andalusian elections. Its outcome doubts that the state will embridar communities. "The polls suggest investors is not clear that we will change our structure."

Digital Newspaper El Economista