Home » Posts tagged 'spain' (Page 2)
Tag Archives: spain
It’s Coming… Resource Nationalism
It’s Coming… Resource Nationalism Early 2012 Argentina’s oil industry was controlled by Repsol, the Spanish energy giant, through YPF, its local subsidiary. By the end of the year, this was no longer the case. By then President Cristina Fernandez Kirchner’s leftist government had nationalised the oil sector, stealing YPF with the stroke of a pen. […]
The Battle To Save Our Dying Soil
The Battle To Save Our Dying Soil This camp in southern Spain is finding ways to restore degraded land LA JUNQUERA, Spain ― In this sparsely populated region of rural Murcia in southern Spain, fields of thirsty almond trees eek sustenance out of the dusty soil and pale rocks tumble down slopes onto the sides of […]
Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire Breaks
Return of the Euro Crisis: Italy Quakes, Rest of the World Shakes and Merkel’s Empire Breaks Europe’s many fault lines are spreading once again, bringing the endless euro crisis saga back in 3-D realism. Italy gained a new anti-establishment government last week, even as Spain elected a new Socialista government that could crack Catalonia off from the […]
This is Italy. This is not Sparta.
This is Italy. This is not Sparta. Nikolay Dubovsky Became Silent 1890 “European Stocks Surge Celebrating New Spanish, Italian Governments”, says a Zero Hedge headline. “Markets Breathe Easier As Italy Government Sworn In”, proclaims Reuters. And I’m thinking: these markets are crazy, and none of this will last more than a few days. Or hours. […]
Spanish Prime Minister Rajoy Ousted From Power; Sanchez Is New Socialist Prime Minister
Spanish Prime Minister Rajoy Ousted From Power; Sanchez Is New Socialist Prime Minister As was widely expected, this morning Mariano Rajoy’s six year reign as Spain’s prime minister, ended when he become the first prime minister in Spain’s democratic history to be ousted by parliament after losing a vote of no-confidence amid a corruption scandal […]
After Italy… Spain Risk Soars
After Italy… Spain Risk Soars Political risk in Europe was largely ignored in international markets because of the mirage of the so-called “Macron effect”. The ECB’s massive quantitative easing program and a perception that everything was different this time in Europe added to the illusion of growth and stability. However, a storm was brewing and […]
Italian Bonds Tumble, Triggering Goldman “Contagion” Level As Political Crisis Erupts In Spain
Italian Bonds Tumble, Triggering Goldman “Contagion” Level As Political Crisis Erupts In Spain When it comes to the latest rout in Italian bonds, which has continued this morning sending the 10Y BTP yield beyond 2.40%, a level above which Morgan Stanley had predicted fresh BTP selling would emerge as a break would leave many bondholders, […]
Have We All Been Silenced?
Have We All Been Silenced? Leonard Misonne Waterloo Place, London 1899 Let me start by saying I have nothing against the English newspaper The Guardian. They publish some good things, on a wide range of topics. But they also produce some real stinkers. And lately they seem to publish quite a few of those. On […]
The Isolation of Julian Assange Must Stop
The Isolation of Julian Assange Must Stop We call on the government of Ecuador to allow Julian Assange his right of freedom of speech. If it was ever clear that the case of Julian Assange was never just a legal case, but a struggle for the protection of basic human rights, it is now. Citing […]
Banks & Builders Want New Property Bubble In Spain, Government Obliges
Banks & Builders Want New Property Bubble In Spain, Government Obliges “This plan, far from solving or alleviating the problem, is likely to make it a whole lot worse.” Spain’s second biggest bank, BBVA, just announced that it’s resurrecting the 100% mortgage, a high-risk loan instrument that notoriously helped fuel Spain’s madcap property boom. For […]
Spain Arrests Leaders of Catalonia Independence Movement & They Dare to Claim Russia Does Not Respect Democracy?
Spain Arrests Leaders of Catalonia Independence Movement & They Dare to Claim Russia Does Not Respect Democracy? The Spanish government has shown to the entire world that it denies human rights and has absolutely no democratic principles whatsoever. The next step is for the pretend elected government to declare a perpetual state of emergency and […]
Toxic Debt Still Plagues Spanish Banks (and Taxpayers Will End Up Paying for It)
Toxic Debt Still Plagues Spanish Banks (and Taxpayers Will End Up Paying for It) Years after Crisis Was “Solved.” Europe’s banking authorities are finally beginning to pile pressure on poorly performing banks to clean up their books, something that should have happened a long, long time ago. But as is often the case with European […]
It’s Feeling Like the 1930s in Spain and France
It’s Feeling Like the 1930s in Spain and France During the Spanish Civil War, many loyalist leaders and supporters of the Spanish Republican government fled into exile to wage their battle against the Spanish fascist dictatorship of Generalissimo Francisco Franco from abroad. 2018 is beginning to feel like 1939. After the fall of the Second […]
A New Cunning Plan to Allay Banking Jitters is Hatched in Spain
A New Cunning Plan to Allay Banking Jitters is Hatched in Spain But there’s a problem with the plan. The Spanish Government has a brand new cunning plan to fortify the country’s banking system, which was rocked last year by the collapse of the sixth biggest bank, Banco Popular. It wants the country’s Deposit Guarantee […]
On Closer Inspection, Debt of Bankrupt Spanish Construction Firm Grows Four-Fold
On Closer Inspection, Debt of Bankrupt Spanish Construction Firm Grows Four-Fold What happens if cases like this prove to be the rule rather than the exception? Spain appears to have a brand-new Abengoa — the imploded energy giant whose fabulous accounting tricks pushed creditors into a black hole — on its hands: Isolux was until recently a […]
