"Spanish Banks Are Solid"

More than 1,000 executives participated in the live web discussion at recent Continuous Education session on the economic crisis "We are in the midst of a world financial crisis which has, in turn, triggered a crisis in consumer confidence." These were the rather stark words of Prof. Antonio Argandoña during a recent Continuous Education Program, "The Economic Crisis." The event, held at IESE's campus in Barcelona on October 7, featured the participation of IESE Profs. Eduardo Martínez Abascal, Núria Mas and Sanjay Peters and was chaired by the director of IESEs Department of Economics, Prof. Pedro Videla. Prof. Martínez Abascal identified U.S. subprime mortgages as only part of the cause of the current crisis. "The more serious problem has been the underlying performance of U.S. mortgages in general." A second crucial factor... [read full story]