Spain’s tax hike threatens La Liga’s appeal
The government’s decision to raise income tax will have a very high-profile casualty: Spain’s soccer teams, which must now negotiate contracts with players under vastly different terms.
The government’s decision to raise income tax will have a very high-profile casualty: Spain’s soccer teams, which must now negotiate contracts with players under vastly different terms.
The new prime minister has kept his cards close to his chest on most issues, including plans for the energy industry. But we already have some clues regarding how Rajoy will handle the sector once he is in power.
The economic downturn in Spain in recent years has followed a decade-long boom. It has also highlighted the bizarre way in which much of the good-times money was spent.
Usually when voters go to the polls they have an idea about competing politicians’ policies, and only a vague idea about which of them is going to win. But when Spaniards vote in early elections in one month’s time, they will know, almost for sure, who will win, though they’ve got only the faintest clue as to what that might mean.
Spanish site Tuenti has cornered the young domestic market with its invitation-only model. But can it survive being bought out by Telefonica and compete with the likes of Facebook overseas?
Greece, Ireland and now Portugal. Debt-ridden, deficit-laden and bankrupt were it not for bailouts from abroad. Spain is the fourth and final letter in the hackneyed PIGS acronym for Europe’s struggling economies. It is also the biggest, and its economic future will decide the fate of the euro zone.
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