The case against Spanish banks: how the New York Times got it wrong
NEW YORK | When one of the world’s most prestigious newspapers quotes a blogger as the main source of a story on international economy, sure that blogger’s words do get a boost. The New York Times Business front page recently spoke of “Spain’s weak spot“, saying that “A rising portion of Spain’s €663 billion, or $876 billion, in home mortgages at risk of default could lead the country’s banks to a…