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“The Spanish economy is in a fix; the figures are really grim,” Robert Robinson from ICADE told CNBC Tuesday. The Spanish government has been going through an “ostrich syndrome” and hoping the problem will go away, but things will get worse before they get better, he said.
Obama Speaks to AFL-CIO
President Barack Obama speaks to the AFL-CIO Executive Council about his administration’s efforts to create jobs and spur the economy.
Buffett & Becky
CNBC’s Becky Quick talks to Warren Buffett about the the American consumer, and economic and tax policies.
Japan's Economy Slows Sharply
Japan’s economy slowed sharply in the second quarter with GDP missing forecasts. Jesper Koll, managing director & head of Japanese equity research at JPMorgan Securities Japan, tells CNBC’s Kaori Enjoji that this is a clear indication the country remains ensnared in deflation.
G20 is Political, Not Economic
The G20 is more political than it is economic and may not be the right forum for deciding economic issues such as banking levies, Moorad Choudhry from London Metropolitan University said. However, he said no firm policy announcement will be made by the G20 and the upcoming meeting is just a stepping stone on the way to a policy.