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Spain’s true crisis isn’t economic, it’s institutional

The Spanish Bull's bones.

The ongoing economic slump has helped erode the credibility of Spain’s banks, politicians, judiciary and royalty. The much-vaunted Transition to democracy needs to be updated.

June 29th, 2012 | Posted in Politics, Featured, Spain News | Read More »

Bankia: A tale of confusion, conflict and unnecessary haggling

Crisis-ridden Spanish bank Bankia.

Those involved in guiding the recovery of the Spanish banking industry must be recalibrating their future options in the wake of the recent nationalisation of Banco Financiero y de Ahorros and the panic that ensued amongst the retail shareholders of their subsidiary – Bankia.

May 24th, 2012 | Posted in Business, Featured, Spain News | Read More »

Euro to end as Greece exit nears?

Speculation that the euro might soon run its course hit the headlines this week, as Greece could soon exit the common currency, and Spain banks sink deeper into the mire.

May 18th, 2012 | Posted in Expats, Spain News | Read More »

Saved from eviction… for now

Ronald de la Cruz addresses a crowd of activists who have turned out to help stop his family from being evicted from their home for failing to keep up mortgage payments. Ronald is a Dominican man who bought a flat in Villaverde Alto, Madrid, in 2004 for 216,000 euros. After losing his job in the construction sector, he was unable to keep up payments on the flat and the bank valued it at half its original price. This negative equity, plus interest and legal fees mean Ronald will still owe the bank thousands even if it manages to take back the property. On this occasion, the protest outside the flat persuaded the legal authorities to suspend the repossession for several days, just minutes after Ronald spoke to supporters. The PAH anti-eviction platform estimates that around 200 evictions are taking place in Spain each day.

February 14th, 2012 | Posted in Videos | Read More »

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