Angry demonstrations are one thing, but the irate in Spain are stomping their flamenco heels at banks and robbing supermarkets to give to the poor
The Rajoy government’s stringent new measures to bring down the country’s deficit may just suppress the economic forces that might propel growth
Despite news of a 100 billion-euro bailout, Spain just had one of the worst weeks in its economic history
Knowing how bailouts doomed the governments of other countries, Spain insists it has accepted a massive “loan” to recapitalize its banks. Others, however, are calling it as they see it
After declaring that there would be ‘no bank bailout’ in his country, Spanish Prime Minister Mariano Rajoy looks set to ask the E.U. for financial assistance for Spain’s beleaguered banks.
Hesitant to apply more austerity, the fourth largest economy in the E.U. could get what it wants — direct injection of funds into its banks, not a bailout. It may just be too big to fail
A concordat with the Vatican has exempted the church from taxation but towns and cities are looking for loopholes to get at funding during austere times
Spaniards have been trying to deal with their economic problems with a good measure of black humor. The mood, however, has gone from black to bad with the Bankia revelations