eurocrisis

No Picture

German banks were behind Spain’s housing bubble

Spain has been hit hard by the Eurozone crisis, with unemployment levels pushing towards 27 per cent. Vicente Navarro writes on the role that Germany, the most powerful EU state, has played in the Spanish crisis. He argues that German banks must also share some of the responsibility for perpetuating Spain’s housing bubble.


Basque Country

The Basque secret against the crisis

By Inigo Arzac, Business Development Director for Latin America and Spain for Globalscape Software | The Basques offer us an ancient example that provides lessons for today that should be studied and remembered.


eurozone

Are Euro zone debt levels sustainable?

MADRID | Forcing peripheral economies to sacrifice growth leads nowhere except to future tempests should their debt sustainability come under suspicion once again.


EU

Long live the Republic of Europe!

By  |  | Whether political leaders or citizens, the pragmatics have failed to build a prosperous and wholly democratic EU. Now it’s the turn of the dreamers. Today, they are the true realists, write political scientist Ulrike Guérot and writer Robert Menasse.



Chancellor Merkel

Bail-in ring-fences German taxpayers

MADRID | Being a policy issue prominently underlined in all main German parties’ manifestos, the full safeguard bank creditors have enjoyed under past bail-out schemes seems doomed in future.


eurocrisis 2

Münchau’s hazardous panic game

MADRID | By Javier Arce, editor at Revista Consejeros | Commentary scaring savers–whether in Cyprus, Spain, Italy or France–smells of negligence at the very least. In Spain, where we had to face capital outflows of over €200 billion in 2012, we are particularly aware of it.