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.