Spanish Economy

Is it Time to Manipulate the Debt for the Greater Good?

Jeremy Cook | Posted 22.12.2012 | UK Politics
Jeremy Cook

We got into this mess through financial engineering and manipulation for individual profit. Maybe it's time we considered some more manipulation, this time for the benefit of everyone and not a greedy few.

Spain's Banks and the Con-Trick of the Century

Matt Carr | Posted 11.08.2012 | UK Politics
Matt Carr

After months of denials and prevarications, the Spanish government has finally done what many economists have been predicted it would have to do for months, and asked for a 100 billion-euro bailout for its sieve-like and utterly corrupt banking system.

Stock Market Gains In Wake Of Spain Bailout Are Short-Lived

PA | Posted 11.06.2012 | UK

Euphoria surrounding a 100 billion euro (£81 billion) deal to rescue Spain's banks gave way to cynicism today as the gravity of the eurozone's woes w...

Markets Jump In Response To Spanish Bailout

PA | Posted 11.06.2012 | UK

Stock markets surged today after a lifeline worth up to 100 billion euro (£81 billion) for Spain's banks helped ease eurozone tensions. The FTSE 1...

Spain Considering EU Bailout Plea

The Guardian | Posted 08.06.2012 | UK

Spain is on Saturday expected to become the fourth eurozone country to seek international help for its debt crisis when Europe's policy leaders agree ...

The Euro-Crisis: Apocalypse Soon?

Sir Christopher Meyer | Posted 21.07.2012 | UK Politics
Sir Christopher Meyer

The endless eurozone crisis provokes a despairing weariness. The G8 has come and gone in Camp David, bringing, so it seems, a solution no nearer. Yet another EU summit will gather later this week. No-one is holding their breath that something fresh and decisive will emerge to halt the ever-mestasising threat of sovereign default. Yet, something has recently changed. To weariness, now add raw alarm. Over the years, European politicians have repeatedly cried wolf, invoking deadlines for a final solution to the euro-crisis that they have then declined to honour. Now, the new deadline is the Greek general election on 17 June. David Cameron has even labelled it a referendum on membership of the eurozone.

Spain as Metaphor

Matt Carr | Posted 29.06.2012 | UK
Matt Carr

The latest statistics on the Spanish economic crisis are truly devastating. Unemployment is now at 24.44 percent, close to the record of 24.55 percent in 1994. In Extremadura, Andalucia and the Canary Islands the figure is 30 percent.