The government wants motorists to reduce their speed to cut Spain’s fuel bill amid rising oil prices. But will forcing drivers to go 10 kph slower save anyone any money and, more to the point, cushion the impact of the North African uprisings on the Spanish economy, as the government evidently hopes? Though physics dictates that drivers would indeed see some savings, economics, unlike physics, is not an exact science and chances are that the lower speed limit on Spain’s highways, effective from today, will do little to protect the economy from rising energy costs. Instead, the rush to impose a new law reducing the highway speed limit from 120 kph to 110 kph smacks of desperation. Not … [Read more...] about A new slowdown in Spain
North African revolution
Morocco’s Mohammed VI must decide
February 20 was Morocco’s “Day of Dignity” but it ended in violence and ignominy as five people died engulfed by flames in a ransacked bank after what had begun as a protest against a rigid political system turned violent in some of the North African country’s most deprived urban areas. The contrast between the orderly demonstrations in many cities including the capital, where banners were raised and slogans in favour of greater democracy were chanted without causing incident, and the rampaging mobs in the streets of many northern towns such as Alhucemas, where the fatalities occurred, could not be more stark. And, given the broader context of revolts sweeping the region, King … [Read more...] about Morocco’s Mohammed VI must decide
Morocco: the next North African revolution?
So has the European Union actually backed a winner in Morocco? As the shockwaves from the unexpected uprisings in Tunisia and Egypt spread across the region, Morocco –the only North African country with advanced EU neighbour status– has seen relatively little unrest. The cynical and ultimately short-sighted European approach to the regimes facing its southern flank was exposed when Tunisians exploded in outrage against a government Brussels had looked on kindly. The French, Italian and Spanish governments were all lobbying for Ben Ali's regime to be given preferential partner status. Morocco, meanwhile, has made a number of strides towards democracy during King Mohammed VI’s 11-year … [Read more...] about Morocco: the next North African revolution?