Astute readers may have noticed the lack of updates on the site in recent weeks. This was not only due to the summer lull, but also to the fact that we have been considering Iberosphere’s future. And as a result, we have decided to close the project down; the website will still exist and articles will still be available to read, but no new material will be posted on it. There are several reasons for this decision, but the main one is the time and energy the site requires, in order for it to keep growing. With other journalism-related commitments, it is increasingly difficult for us to keep Iberosphere going at the rate we would like. So for now, at least, it’s farewell. We would like … [Read more...] about The End
spain
Tales for Tapas: Leaving Spain
People have been leaving Spain – the prime minister to attend the European Summit, large numbers of Spanish and foreign citizens to seek their fortunes elsewhere, and at least one police patrol-boat (reportedly) to explore the waters off Gibraltar. Prime Minister Mariano Rajoy set off for this week’s European Council meeting in Brussels with an unusually strong mandate to “fight for Spain” (the striking expression sprinkled liberally into media statements by government spokespeople) having secured cross-party support for a ten-point negotiating platform. The platform is not substantially different from what Madrid and other capitals on the EU’s troubled periphery have been demanding … [Read more...] about Tales for Tapas: Leaving Spain
Spain ahead of the US in bankers’ prosecution
Spain has prosecuted more bankers, imposed more restrictions on their “golden parachutes” and seems to have hit failing institutions with higher fines for misleading investors than the United States since the outset of the financial crisis. Although Miguel Blesa, the former president of Caja Madrid, which was later merged into Bankia, was released from prison without charge last week, 89 of his colleagues were awaiting sentence for alleged wrongdoing during their tenures at the helms of nine savings banks. Meanwhile, in the United States the Federal Deposit Insurance Corporation has filed fewer than 50 lawsuits against officers and directors of failed institutions since 2010 and none … [Read more...] about Spain ahead of the US in bankers’ prosecution
How EU austerity is falling foul of the law
German magistrates, who questioned and later approved the rescue of Greece in 2011, have this month started to review the constitutionality of the bond-buying programme of the European Central Bank (ECB) at the request of over 35,000 citizens. They allege that it is an instrument to provide struggling countries with easy money from German pockets. According to many experts, this policy helped Spain and Italy avert disastrous defaults by preventing bonds’ interest rates from escalating to unaffordable levels, which was what was happening until the ECB president Mario Draghi threatened to do “whatever it takes” to protect the euro in July and subsequently launched the bond-buying programme … [Read more...] about How EU austerity is falling foul of the law
Tales for Tapas: Japanese lessons
Good news from Tokyo this week, where French President François Hollande used the occasion of a state visit to Japan to announce that the Eurozone crisis is over. So, that’s alright then. Mr Hollande developed his up-beat thesis by asserting that the recent unpleasantness will result in long-term benefits, as it has led to banking union, as well as better economic governance and better intra-government coordination. At which point less ebullient observers might be forgiven for sounding a cautionary note – that it may lead to these desirable things but hasn’t conclusively done so, at least not yet. The worst (if you take a very optimistic view) could be over, but basic disagreements … [Read more...] about Tales for Tapas: Japanese lessons
Turbo-charged exports won’t drive Spain out of the crisis
Spain’s exports share of GDP has jumped from just 23 percent at the outset of 2009 to close to 35 percent in 2013. In March, the country registered its first trade surplus since records began in 1971, becoming the only European Union member whose sales abroad increased during the first quarter. This has unleashed a wave of optimism among foreign media, analysts and the government. “Spain's Crisis Fades as Exports Transform Country”, was the headline of a recent Bloomberg news story. Daniele Antonucci, senior European economist at Morgan Stanley, told CNBC in April that Spanish economic growth will come from outbound sales, a point of view Luis de Guindos, Spain’s minister of economy and … [Read more...] about Turbo-charged exports won’t drive Spain out of the crisis
Tales for Tapas: Because we can
It must be nice to have sold a hundred million records. It no doubt puts a spring in the step and adds zest to the bank account. In the case of one popular American rock group, it makes it possible to throw commerce to the winds and perform for free. Ticket prices for Bon Jovi’s Madrid concert at the end of June were reduced by more than half when band members waived their own fee out of solidarity with Spanish fans enduring the rigours of austerity. (Among other things, this enables those with a curious cast of mind to calculate through rudimentary arithmetic the hourly rate that middle-aged rock stars customarily command for getting stadiums full of people to sing along rapturously to a … [Read more...] about Tales for Tapas: Because we can
Statistics and identity
“I adore the independence that you breath in Galicia,” said actor Martin Sheen, himself the son of a Galician, during a visit to the region in 2011. But he wasn’t talking about that kind of independence and, as a new poll shows, Galicians aren’t very interested in breaking away from Spain at the moment. According to the Centro de Investigaciones Sociológicas (CIS), only 19 percent of people from the region describe themselves as “nationalist”. This is perhaps not surprising given that of Spain’s three northern “historical nations” – the others being Catalonia and the Basque Country – Galicia has traditionally had the most muted independence movement. But more interesting than the … [Read more...] about Statistics and identity
What new holiday rental licences in Spain could mean
Property experts have been reassuring holiday homeowners in Spain that there's no need to fear plans to introduce holiday rental licences in the country just yet. The Spanish government's proposals to licence the rental of holiday homes have caused confusion, with many holiday homeowners voicing concerns that the new laws could act as a deterrent for people thinking of renting out their property to a tourist as they normally would. The proposals have caused some cash-strapped expats to feel uneasy, with concerns especially among those homeowners who only rent out their properties at peak times of the year. The proposals would include a tax on holiday rental income and would mean any … [Read more...] about What new holiday rental licences in Spain could mean
The private sector moves into Spain’s public hospitals
No sooner had the conservative Popular Party taken office at the very end of 2011 than it began drawing up plans to extend private sector involvement in Spain’s public health system, a process begun in 1997 with the support of the Socialist Party. Two years later, La Ribera hospital, built and run by a private consortium led by health insurers Adeslas, opened. Valencia has subsequently created Public Private Partnerships (PPP) in four other health districts. Other PP controlled regions, such as the Balearic Islands, Castilla y León, Castilla La Mancha, and Galicia, are also pushing ahead with the privatisation of healthcare. But Madrid is where the PP wants PPP to really come into its … [Read more...] about The private sector moves into Spain’s public hospitals