2015 saw a number of key events in Latin America; but perhaps the most important occurred in the political arena with the change of government in Argentina, the National Assembly election results in Venezuela, and the progress made in the peace process in Colombia. These marked out a new direction for the countries in question and could have possible repercussions on the region's economy.

Like in previous years, the year now reaching its end has been an obstacle course. However, Spain has not only made the grade but is set to end the year with a “score” that is considered to be impressive by its European partners (GDP growth forecast at 3.2%). Like all other countries in Europe, the Spanish economy has been exposed and remains exposed to various risks.

The challenge posed by Millennials necessitates a rapid response from the financial industry.

Those countries with a high level of foreign investment and doubts over the effectiveness of their monetary policy, will be most sensitive to the change in U.S. Federal Reserve policy.

Up until now, many things have been written about the possible consequences – positive and not so positive – of the Transatlantic Trade and Investment Partnership with the US for the European Union. What has not been discussed so widely are the agreement’s geopolitical repercussions on both sides of the Atlantic.

Lower interest rates on deposits, extension of the quantitative easing policy until March 2017... the measures announced in the ECB’s last meeting did not seem enough. This Thursday, ECB President Mario Draghi will chair the first meeting of a 2016 riddled with challenges, with the confidence of someone who has succeeded in dizzying situations and prevented the collapse of the single currency. His pledge in 2012 to "do whatever it takes to preserve the euro.  And believe me, it will be enough" still resounds in the collective mind of the EU. We will review now some of his most relevant decisions, and what’s yet to come.