Spain

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  • Spain Still In Pain: No Clear Sign Of Recovery?

    Spain Still In Pain: No Clear Sign Of Recovery?

    Last week, three new pieces of economic data for Spain revealed the extent of the nation’s fiscal and economic crisis. With record high unemployment, underperforming banks and uncertain economic policies, will Spain ever recover?

    There have been three recent developments in Spain: the new record high unemployment, the earnings reports of several large banks, and the government's new fiscal forecasts and strategy.

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  • Catalonia’s Calls For Independence – Can Parallels Be Drawn With Gaza?

    Catalonia’s Calls For Independence – Can Parallels Be Drawn With Gaza?

    Barcelona (in Catalonia) and Gaza (in Palestinian territories) may be roughly 3,000km apart, yet the independence movements rising from both regions share similar roots; The idea of romantic nationalism has driven their inhabitants to challenge the legitimacy of their ruling state, demanding liberation and the right to their own authentic nationalism.

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  • The Bane Of Spain: How The Property Market ‘Broke’ The Economy

    The Bane Of Spain: How The Property Market ‘Broke’ The Economy

    The crisis growing within Spanish banks at the moment appear to have its roots in the country’s property market. Some 80 billion euros worth of loans by Spanish banks to the country's broken construction and real estate sectors are now considered near worthless – being at serious risk of default – while  the drying up of credit also means that fewer people are able to afford homes.

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  • Spain’s Pain: Will The Spanish Banking System Collapse?

    Spain’s Pain: Will The Spanish Banking System Collapse?

    Spain’s banking system is in a fragile state. Already, bad property loans are threatening to bring the system down like a house of cards, while international pressure means that the government has little manoeuvrability to support the system if further disruptions occur. Needless to say, the Spanish government is desperate to have the banking sector solve its own problems without a bailout from either the state or the EU. But will this be possible?

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