Home » Posts tagged 'spain' (Page 11)
Tag Archives: spain
Spanish Banks Warn of Financial Meltdown if Catalonia Votes for Independence
Spanish Banks Warn of Financial Meltdown if Catalonia Votes for Independence In Spain’s north eastern region of Catalonia, the fear-mongering and doom-saying is reaching a deafening crescendo. If voters return a majority of pro-independence politicians in next Sunday’s regional elections, all manner of economic disaster will befall the region — according to the defenders of […]
Is Brazil About to Drag Down Spain’s Biggest Bank?
Is Brazil About to Drag Down Spain’s Biggest Bank? The timing could not have been worse. In July last year, an analyst working for Banco Santander Brasil did something he shouldn’t have. He warned the firm’s private banking clients about the economic risks posed by the reelection of Brazil’s scandal-tarnished president, Dilma Rousseff. Those risks […]
Is Catalonia About to Go All In?
Is Catalonia About to Go All In? An extremely high-stakes game of political poker, not just for Catalonia and Spain but for Europe. For a nation that doesn’t officially exist, Catalonia sure knows how to throw a national-day party. September 11, approximately 1.4 million people filled the streets of the region’s capital, Barcelona (urban population: […]
Spain Defense Minister Warns Army May Intervene Unless “Catalonia Obeys The Rules”
Spain Defense Minister Warns Army May Intervene Unless “Catalonia Obeys The Rules” With Spain’s Catalan region on the verge of electing pro-independence parties and seeking autonomy from central rule, the government (clearly worried) has ramped up the rhetoric on what consequences lie ahead. In a rather stunning outburst for a supposed democracy, CNA reports, the Spanish Defence […]
Scores of cars, trucks washed away as torrential floods hit southern Spain (VIDEO)
Scores of cars, trucks washed away as torrential floods hit southern Spain (VIDEO) Heavy torrential rains and massive flooding have turned the streets of a Spanish town into fast-flowing rivers that literary washed away cars and even large trucks, a YouTube video shows. The small town of Adra, in the Almeria province of southern Spain, […]
Europe’s Rising Fear of Upheaval in Spain
Europe’s Rising Fear of Upheaval in Spain After just over three and a half years of “radical” market reforms Spain is now a lean, fit economic machine – according to the Financial Times. Despite a few minor blemishes, such as a 22% official unemployment rate and 50% youth unemployment, the Spanish Premier Mariano Rajoy’s economic record […]
German Newspaper Accuses Spain’s Central Bank of Hiding Collateral Risks from ECB
German Newspaper Accuses Spain’s Central Bank of Hiding Collateral Risks from ECB Shoddy collateral labeled “ECB-eligible” is a great deal for banks. Since the financial sectors of Southern Europe and Ireland hit the rocks during the height of Europe’s sovereign debt crisis, many of their respective banks have grown dependent on the generosity of the ECB – […]
Sorry Troika, Spain’s Economic Recovery Is “One Big Lie”
Sorry Troika, Spain’s Economic Recovery Is “One Big Lie” During six months of protracted and terribly fraught negotiations between Athens, Berlin, Brussels, and the IMF, the idea that Spain, Italy, and Ireland somehow represented austerity “success stories” was frequently trotted out as the rationale behind demanding that Greece embark on a deeper fiscal retrenchment despite […]
The End of Freedom of Speech in Spain
The End of Freedom of Speech in Spain Spain has shown that it is fully on board with the Brussels authoritarian direction of ending democracy. Those in power have simply convinced themselves that the people do not understand what is good for them so they must impose their will upon the people but raw force. […]
Greece Fallout: Italy and Spain Have Funded a Massive Backdoor Bailout of French Banks
Greece Fallout: Italy and Spain Have Funded a Massive Backdoor Bailout of French Banks In March 2010, two months before the announcement of the first Greek bailout, European banks had €134 billion worth ofclaims on Greece. French banks, as shown in the right-hand figure above, had by far the largest exposure: €52 billion – this was 1.6 […]
Spain in Transition?: Answers from the grassroots facing a collapsing country
Spain in Transition?: Answers from the grassroots facing a collapsing country Introduction Some months ago, I had a conversation with a friend which seemed meaningful to me as an anthropologist. My friend –an old-school activist with a lot of experience in social struggle- said: “Curiously, during these years of crisis I sometimes feel it’s the […]
This Could Sink Banks in Greece, Portugal, Spain, and Italy
This Could Sink Banks in Greece, Portugal, Spain, and Italy Not that much has changed in Spain since the climax of the debt crisis during which its collapsing banks were bailed out. Some of them were recombined into a bank with a new name – Bankia – and sold to the public via an IPO […]
“Bad Bank” Mania Spreads in Europe
“Bad Bank” Mania Spreads in Europe One thing that the world is not in short supply of these days is bad banks. They are everywhere, it seems. But there are bad banks, and there are Bad Banks. This article is about the latter, the officially dubbed “Bad Banks” launched by governments and central banks to conceal […]
Rich Man’s Bank Hit by Bank Run, Collapse, “Bail-In”
Rich Man’s Bank Hit by Bank Run, Collapse, “Bail-In” In Europe nary a day seems to go by without some mention or rumor of a bank run or bank closure. Ground Zero of the current troubles is Greece, whose broken financial system is now wholly dependent on regular infusions of euros from the ECB. The […]
In its Desperation, Scandal-Riddled Spanish Government Criminalizes Solidarity Among Citizens
In its Desperation, Scandal-Riddled Spanish Government Criminalizes Solidarity Among Citizens On Tuesday, March 10, 19 Spanish citizens were rounded up in dawn raids by the Madrid police. They are accused of committing a crime against the Spanish state. That crime? Trying to prevent, through passive, non-violent resistance, the forced eviction of a local resident. If […]
