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Markets are closed and it is the worst time to broadcast in markets since the crisis began. These were the words of the International Financial Analyst consultant, Gloria Hervás. On the other hand, the official recognition that the credit crunch is a problem came to light on Monday by Treasury Secretary Carlos Ocana, who stressed that the solution will depend on us to generate confidence in investors. In addition, the alarm also activated Francisco González, BBVA Chairman, admitting that the credit markets were closed most of the companies and entities of the country. In recent weeks, the government of Zapatero sought to gain international confidence with an austerity plan to lower the deficit from 11% in 2009 to 3% in 2013, and labor reform expected soon. However, no support for labor reform groups in the Spanish Parliament and unions have called a general strike on September 29, the first against the current socialist government. In addition, the European Commission today called on Spain further cuts in spending to the risk that the high indebtedness of the country becomes a snowball in the future. Related posts: Zapatero enact labor reform Spanish economy continues to disappoint Zapatero measures against the slowdown in the Spanish economy

The British airline British Airways is facing serious economic problems for some time, and between the little air traffic and the impact of stop losses BA officials have set a record high for the last twelve months to March this year . From March 2009 to March 2010 British Airways reported its biggest loss since its privatization in 1987 . They translate into 531 million pounds, equivalent to 766 million dollars. The losses are in addition to those recorded in the financial year 2008-2009, which were 401 million pounds, but still were less than expected, so the shares of British Airways experienced a rise. However, the airline will face unemployment fortnight by cabin staff, a move that will continue to affect the economy of the company. Related posts: Possible merger between British Airways and Iberia Iberia and British Airways merge Iberia and British Arways merge

The consumer price index of the United States ran into an obstacle last month starting from March, showing a fall of 0.1% for the first time in thirteen months , which surprised analysts, who expected that by April 2010 the index increased 0.1%. On an annual basis, inflation in April rose 0.9%, the lowest growth since 1966. As for the consumer price index, it is believed that low oil prices have dramatically conditioned, as these fell by 2.4%, the apparel industry fell 0.7% and food rose 0.2%. With these data on the table, analysts believe the Federal Reserve of the United States will have no trouble raising the interest rate, currently between 0% and 0.25% from December 2008 to help U.S. economic recovery. In addition, other data that contribute to freeze interest rates is the unemployment rate, which rose to 9.9% in April (0.2% compared to March). With all security the government will not raise interest rates until next year, and are very likely to continue until 2012 when its first rise experience. Related posts: House prices continue to decline in the U.S. U.S. prices fall China prices fall

Since 2007 the automotive market left open wounds that showed their most vulnerable areas. One was the rule of General Motors, a company that was among the first to looming global economic crisis facing serious losses significantly hurt their economic stability. Black times continued to express, and GM had to carry out drastic measures to reduce costs, new policies that are beneficial for today, when it becomes public that the automaker received earnings in the first quarter of the year . GM got lost six billion dollars in the same period last year, but ahead of the first three months of the year, GM joined $ 865 million, compared to the losses that the company had been dragging shows a clear improvement . GM had sought bankruptcy protection, something that helped General Motors was able to recover from the bad numbers, but also made ??the signature now be U.S. $ 45.3 billion to the government of the United States and $ 8.1 billion to the Canadian government . Related posts: Toyota suffered its first drop in a decade GM lost another 15.5 billion in three months Ford breaks with four years of deficit