I have just been sent a wonderful YouTube film of a demonstration in Barcelona about the crisis in Spain. It is wonderful (breath-taking really) and shows the best side of Spain and the culture of Spain. The demonstration is set within an office of la Caixa, one of the biggest banks in Spain, and revolves around a by-line stating that [...]
Spanish bank scandal
Spain is being rocked, at the moment, by the news that the directors of various Spanish banks have taken huge compensation packages – despite relentlessly driving their own banks to the point of destruction. To everyone’s amazement, some of these packages have been awarded by the directors, to themselves, just days before the Bank of Spain was forced to bail [...]
News in Spain, Spanish bank scandal, dissolution of Spanish parliament
The past week in Spain has seen the dissolution of the Spanish parliament, the second largest seizure of heroin by Spain ever (150 kilos), the nationalisation of three further Spanish banks and continuing tremours on El Hierro, one of the Canary Islands. On the economic side of things, matters show little signs of improving with GDP quarterly growth in Spain [...]
Banks in Spain, is the truth finally coming out?
Well, really – what can any of us say? Do you remember last year when the results of the ‘stress’ test of European banks was announced by the Committee of European Banking Supervisors (CEBS)? To the astonishment of most commentators, only five out of the 27 banks in Spain tested were found to have failed the tests. These were, predictably, Cajas [...]
Mortgages in Spain, Spanish banks and the Spanish property crash
Well, I thought I had seen it all when it came to the Spanish property crash, Spanish banks and their lending – most particularly with regard to mortgages in Spain. That was until I read an excellent article in El Pais (one of Spain’s leading national newspapers). As you will see from this article, which is well worth reading throughout, [...]
THE SPANISH ECONOMY, SPANISH DEBT, SPANISH BANKS AND FURTHER POTENTIAL AUSTERITY MEASURES!
The Spanish economy, Spanish debt, Spanish banks and further potential austerity measures! Part 2 While public sector debt (not the deficit) in Spain is actually relatively low as a percentage of GDP versus other countries such as Italy, Ireland, Greece and Portugal, Spain’s public sector deficit for 2010 will be around 11.3%. So, the Spanish government has announced several austerity [...]








