Which aspect of Rajoy's austerity program is most responsible for sinking Spain's fortunes? Was it the spending cuts? Or was it the tax rate hikes?
... more
It should be obvious, to anyone reading this, that Spain is in an economic depression as well as bankrupt. It is equally obviously that eurozone imbalances and a flawed treaty are to blame.
... more
The important point is not agreement or disagreement with the author, but rather that a eurozone exit is now openly presented as a viable option in a mainstream Spanish newspaper. Expect such sentiment to grow along with rising unemployment and a sinking Spanish economy.
... more
Never mind that Spanish unemployment is 26.6% and youth unemployment exceeds 55%. The nannycrats wants Spain to hike taxes even more to make up for budget shortfalls.
... more