Monday, 7 June 2010

Los franceses se fían de España...

... los alemanes no. Eso es lo que se desprende de este gráfico que os dejo para comenzar la semana. Muestra quiénes están en posesión de la deuda española en el extranjero, y cómo esa proporción ha ido cambiando en los últimos cuatro años. Parece que los otros que también se fían de nosotros son los países asiáticos, que son los que de verdad nos han ayudado ha financiar nuestra deuda en los últimos dos años.

El gráfico es de esta publicación mensual del Tesoro.

1 comment:

  1. Matt Simmons knows oil. His "Twilight in the Desert" is one of the best books on the topic, highly recommended. Simmons also knows finance; he’s, after all, an oil banker. And he insists that both the Gulf spill is in fact much worse than BP and the White House are willing to admit, and that BP's liability commitments will bankrupt it within weeks. While there will always be the notion that Simmons says what he does in order to turn a profit, I personally lend quite a bit of weight to what he's been saying since the spill started. SImmons is one of the few voices left in the drama worth listening to.

    BP has now officially, as I've said was likely to happen, seamlessly moved from "just" an environmental disaster into an economic calamity as well. Don’t underestimate the impact of this. BP is the planet's fourth largest enterprise. For one thing, this means the company has vast political influence, especially in the US and UK. I saw a line today I had been waiting for for some time, in this Reuters article:
    Under pressure over BP, PM Cameron says UK ready to help
    Britain stands ready to help BP with its clean-up efforts following the Gulf of Mexico oil spill, Prime Minister David Cameron said on Thursday as he came under intense pressure at home to stand up for the oil giant. In his first public comments about the crisis, Cameron said he would raise it with U.S. President Obama when they next spoke. That will be a delicate balancing act between upholding British interests and nurturing a key diplomatic relationship.

    BP [..] accounts for 12-13 percent of dividend payouts in Britain. Pension funds and other investors are heavily reliant on it.


    The BBC has this:
    Why is BP important to the UK economy?
    "The government must put down a marker with the US administration that the survival and long-term prosperity of BP is a vital British interest," the former British ambassador to the US, Sir Christopher Meyer, has told the BBC. He urged Prime Minister David Cameron to raise the issue in his scheduled conversation with US President Barack Obama over the weekend.[..]

    "When you consider the huge exposure of British pension funds to BP it starts to become a matter of national concern if a great British company is being continually beaten up on the airwaves," [London Mayor] Boris Johnson said.

    UK pension funds do indeed have big holdings of BP shares and the company says that £1 of every £7 paid in dividends to pension funds by FTSE 100 companies last year came from BP. It is estimated that about 18 million people in the UK either own BP shares or pay into a pension fund that holds BP shares.

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