Spain

Spanish audit: shock of the new

It’s time that public sector audit bodies in Spain caught up with much of the developed world and made use of social networking to disseminate their reports and opinions Read more

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Eurozone: economic unity is strength

The eurozone needs far greater economic unity to contain the fears of peripheral states and stem euroscepticism. A ‘eurotreasury’ with a substantial budget would help Read more

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Cyprus: ‘Club Med’ catastrophe continues

The 10% bank deposit levy in Cyprus is a dangerous move. Only the truly patriotic will in future keep their money on deposit in banks from southern European countries Read more

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The pain in Spain

Recent structural reforms to Spain’s labour market are being hailed as a model for other troubled eurozone nations to follow. It’s a naive view of how economic recovery works Read more

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Has the ECB done enough to save the euro?

The European Central Bank may have done enough to prevent the break up of the euro for now, but the markets are likely to severely test its willingness to buy government debt Read more

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Fiscal consolidation fantasy

The IMF’s ‘economic counsellor’ believes that ‘fiscal consolidation is proceeding according to plan’. But experience in Greece and Spain suggests otherwise Read more

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Eurozone crisis: delaying the inevitable?

The ECB’s Outright Monetary Transactions programme will buy Spain some time, but there are reasons to fear that the euphoria will wear off and investors will shun Spanish and Italian debt once again Read more

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Time for anti-austerity alliance

France, Italy and Spain must stand up to Germany and resist calls for greater austerity across Southern Europe. They should demand an open-ended programme of quantitative easing until growth returns Read more

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The pain in Spain

Spain’s big problem is not debt but lack of competitiveness. The euro has been a disaster for the country – if it still had the peseta, the problem would have been solved by devaluation Read more

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Spain’s degrees of separation

Austerity policies are fuelling the separatist movement that is gathering pace in Catalonia. History tells us that Madrid needs to proceed with care Read more

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