catalan way

Two Catalan banks fail the stress tests in worst case scenarios but would be approved if all provisions would have been taken into account

July 15, 2011 11:44 PM | CNA

Unnim and CatalunyaCaixa would have 4.5% and 4.8% of core capital respectively. However, the provisions that all Spanish banks must have to face difficult times have not been taken into account as they did not exist in other European banking systems. With these funds taken into account, Unnim and CatalunyaCaixa would have approved the tests with 6.2% and 6.3% respectively. CaixaBank, the most important Catalan bank passes the test with 6.4%.

The European Parliament passes a rule that may end labels only in Catalan

July 7, 2011 12:38 PM | CNA / Maria Fernández Noguera

A product labelled only in Estonian could be sold in Catalonia, but not a product labelled only in Catalan. The new rule authorises the Spanish Government to force all products in Spain to be labelled in at least one official language of the EU, and therefore ban products only labelled in Catalan from being sold within Catalonia. The new European rule aims to authorise Member States to prevent products from being labelled only in a non EU language, such as Chinese or Arabic, but it has consequences at local level. Three Catalan MEPs pushed for an amendment, but it was rejected.

Catalan GDP will grow 1.1% in 2011 and 1.6% in 2012 according to CatalunyaCaixa

July 6, 2011 01:30 PM | CNA

A new study by the Catalan savings bank corrects and improves the previous economic forecast. It is now believed that in 2011, Catalonia will grow at a 1.1% annual rate, and at 1.6% in 2012. However, without the public sector budget cuts, the Catalan economy will grow at 2% this 2011. The export sector has reached historical maximums, and will lead economic growth. However, economic growth in 2011 will not be translated into an improvement in employment.

The British School of Catalunya to be opened in 2012

July 5, 2011 09:06 PM | CNA / Marc Navarro

The private school will follow the British curriculum so, that when the students finish high school, they will be able to attend any public or private university either in Spain or in the United Kingdom. It is the latest addition to a series of international schools in Catalonia, which infuse an international and intercultural perspective into their teaching programmes, or they directly follow a curriculum from another country.