Euro plunges as Spain cuts deeper
The euro sits at multi-year lows against both the pound and US dollar this week on the back of Spain’s latest batch of tough austerity measures.
The euro sits at multi-year lows against both the pound and US dollar this week on the back of Spain’s latest batch of tough austerity measures.
A lack of diversity in the stadia at the European soccer championship will signal a further concession to extreme and racist attitudes.
The country has an official jobless rate of nearly 23 percent, the highest in Europe. But does that figure reflect the true state of the labour market and the Spanish economy? Apparently not.
Morocco’s monarchy spent the better part of 2011 touting new political reforms. Now, following the first national elections under a new constitution, the country’s leadership is faced with the challenge of finding a stable way forward and the means to pay for its new spending plans.
The small club from the Mediterranean coast has set Spain and Europe alight with its attractive brand of football in the last few seasons. But recently, Juan Carlos Garrido’s side seem to have lost their way, with both results and style slipping out of their reach.
It isn’t surprising to see Spain once again listed among the group of nations singled out by the US State Department as major money laundering centres. This dubious distinction was pegged in the department’s annual International Narcotics Control Strategy Report, which was released March 3 in Washington. Spain is one of 63 countries and jurisdictions that the United States says are of “primary concern.”
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