Fernando Espuelas, founder of Starmedia, a Spanish portal, who had to leave the company under difficult circumstances, now makes a comeback as a content provider, first for TV and now again through the internet via Joost.
Here´s a copy of the press release.
Follow Martin Varsavsky on Twitter: twitter.com/martinvars
Posted on Investments | 12:51 am
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This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
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Posted by ianmcombie - February 15, 2007 7:57 pm - #
Martin
Are you based in Javea then? I cannot find 5 calle calletta – I am up the road. You can email me at the above address. Thanks – much cheaper using you than my Vodafone 3G datcard1
Ian