NEW YORK, NY--(Marketwire - Jan 16, 2013) - The Euro Zone debt crisis was a major topic among investors in 2012. Europe's financial sector had dismal start to 2012, but has gained momentum in recent months as concerns regarding the region's debt crisis have begun to subside. Research Driven Investing examines investing opportunities in the Foreign Banking Industry and provides equity research on Banco Santander, S.A. (
At a recent conference in London Douglas Renwick, senior director of Fitch Rating's European sovereign credit analysis, stated it is "very unlikely" that the European Union will be broken up. Earlier this week the Euro surged to an 11 month high against the dollar as European Central Bank President Mario Draghi stated he expects the euro zone economy to begin recovery in 2013.
"The economic weakness in the euro area is expected to extend into 2013." said Draghi at a recent press conference. "Later in 2013 economic activity should gradually recover. In particular, our accommodative monetary policy stance, together with significantly improved financial market confidence and reduced fragmentation, should work its way through to the economy, and global demand should strengthen."
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Banco Santander SA is a Spain-based financial institution primarily engaged in the retail banking. Founded in 1857, Banco Santander manages EUR 1.383 billion in funds for more than 102 million clients through its network of 15,000 offices. Shares of the company have rebounded over 10 percent in the past month.
Banco Bilbao Vizcaya Argentaria SA is a Spain-based international financial group with presence in 32 countries. The Company's activities are focused in such business units as banking, pension and insurance in Spain and Portugal, Mexico and South America. Shares of the company have rallied over 15 percent in the past month.
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